I’m assuming your question is related to the first step of funding your next deal...? If so, begin working with local banks to determine who best to refi- cash out on your current property to fund the down payment and rehab of your next property. BRRR.
@Jose Guzman Congrats on getting your first investment property up and running with your brother! If you'd like to switch to multi-family, don't delay till later, plan for it now.
Consider multiple funding options: a) as @Mike Dorneman stated, look into cash out / refi on your first investment property , b) Look into potentially getting a HELOC on it, c) some owners may consider owner-financing, d) bring a money partner in
And then take action and start looking for residential multi (2-4 units). To pay less upfront you can also consider living in one of the units to satisfy the FHA requirements.
I hope this helps!
Wow Mike you are at 8 doors already since 2017, that’s awesome. I was thinking on the BRRR method on the next one and hopefully continue. Thanks
Thank you Alina