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Beginner Investing

I sold real estate for eight years as a real estate agent, and I got into it because I wanted to ultimately get into investing. But life happened, I found myself divorced and a single parent, and I had to set everything aside and get a different job that offered a stable income. Now I’m realizing that my income is too dependent on how many hours I put in, and I’m pretty maxed out, and I’m really wanting to invest still. Plus, I’m used to being my own boss, it’s crazy to me to make so little per hour. I would like to own and manage a mixture of monthly rentals and vacation rental properties. I know a little about that. But need advice specifically about how to leverage my property to purchase more property… I’m moving out of my house no matter what. It’s probably worth about $200K, (pretty average for my area) and I have most of the equity of that, because I took out a HELOC to fix it up so that I can sell it, but had no mortgage on it. If I sold it, I would have about $150K. Is it better to keep it as an asset and rent it out, and then use that as equity and leverage to purchase other income properties? Or just sell it and use the $150K as down payments on other properties? Keeping in mind, I also need a new house to live in.. What’s my best move?

submitted by /u/Honest_Cow1001
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source https://www.reddit.com/r/RealEstate/comments/1obikgk/beginner_investing/
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