Should we sell our home to get started in REI

[Gabe Fernos]

My wife and I are looking to get into real estate. Right now we have a home with a va loan at 3.75%. Our VA mortgage is 1700$ a month and we owe 262k. Right now our home has an estimated worth of 345k.

Should we sell and buy a multi family using the VA loan as well as purchase a small single family with a conventional loan to get started? We would live in one of the properties while renting the others out in hopes to get our portfolio started. Right now we have about 10k in savings.

Our home wouldn’t cash flow very well according to rent data here in Spokane wa.

My wife is concerned it will be hard to find a multi family deal that will cash flow in Spokane, wa since the market is so competitive right now. 

Any comments/ tips/ advice would be greatly appreciated. Thank you.