New in real estate and need your input

[Dinesh Siwakoti]

Hello Everyone, I am Dinesh and I have been educating myself since on real estate sometime. I recently stumbled upon this forum and started listening to all the BP podcasts. It's been a great learning experience thus far. Thanks to all of you out there and BiggerPockets of-course. I recently (7 month ago) purchase my first single family home but I am sure it was not a great investment decision. The more I read about real estate and listen to podcast here in this forum , the more I believe that my first purchase was more a emotional decision rather than a good investment decision. The purpose of home I purchase was for my residential purpose where I paid 100k down for 480k home. I do still have 60k saved for investment. Now, my question is, should I sell my home and buy some thing which will yield more return ? Because I don't need 5 bed , 4 full bath , 3900 square feet home. We don't have even kids yet. I am more interested in buying multi family home where I wanted live in one unit and rent rest of the unit and continue growing from there. I feel that my decision to purchase home was not that great given what I wanted to do and increase my net worth and portfolio over time on rental property unit. All experience real estate guru out there, please help me out with your experience and wisdom.

[Lawson Ott]

assuming you have some equity...

assuming this was NOT an FHA loan...

suggestion based on opinion:

cash out and get an FHA on a 4-plex

live in 1 of the 4 units and make sure the rents from the other units more than cover your mortgage.

after 2 years, draw out all equity and repeat with new 4-plex.