NEW .....EXPERIENCE/ADVICE NEEDED

[Charles Salumn]

how's it going guys I won't bore you with a long back story but  as long as I can remember I wanted to invest in real estate   

I'm currently renting in Staten Island NY but am relocating to Delaware. my parents moves there 2 years ago.  And I figured I should follow suit. I am waiting on a transfer for my job but I'm the meantime I found a house that my former gf and I loved.  So I wound up buying it   4br 3 bath on 1/4 acre lot with a pool.   I planned on starting a family  however plans have changed and iM thinking about selling the house and buying an income property.... 

I was playing around with the idea on getting a multi unit and living in one and renting the rest.  Delaware has some very sketchy areas so I am concerned with that as well as if I am living there I'd rather it be a nicer area.  

I bought the house in July  for 302,500 put down 20 percent with an interest rate at 4.5  the real estate agent I worked with for the house says I probably can get what I paid for it... but I don't know what direction to go in    

This may sound confusing but any help would be greatly appreciated.  Thank you 

[Steve S.]

Just to clarify:

You're currently renting in NY.

You're relocating to Delaware.

You bought a house in Delaware, which you thought was going to be your family home.

Plans changed... (you no longer desire a family home?)

While renting you currently own a home that was 302,500 /w 20% down (approx 60K) which  your realtor thinks you can get around 302K for the house.

And now you want to get into REI multi-family?

My advice:

Live in the 302K home until you find a nice multi-family unit in an area that you would be comfortable living in. Purchase the multifamily and sell the 302K home (after interests, insurance and realtor fees it may be at some loss but if I'm reading into this situation correctly you're not losing 1/2 of what you put)

Live in one unit of the multi-family until life circumstances determine that you would need/want another living arrangements. Rent out the unit that you were living in, and live in the new residence.