What's next after my first investment?

[Carmelo Caceres]

I recently bought an investment property in 2019, a duplex to be exact. Property has gained some value:

-One unit was remodeled.

-I haven't refinance.

-Estimated home equity 90,537(could be more with upgrades after appraisal).

-Looking to refinance but haven't signed any papers yet.

-One unit is generating a estimated cash flow of 2,000 a month after expenses.

What are my best options? Looking to get creative with great advice fellow investors.

Thanks in advance!

[James De Leon]

@Carmelo Caceres,

The route you take whether to refinance out or pulling cash out depends on your goals and some numbers. How would it look if you refinance the Va loan into a conventional? Even though your rate might increase, I would say that you'd still be in a good position because of the amount of cashflow you get. If you cash out, what would be the pros and cons? I believe you can actually do both at the same time and scale faster, but that also depends on your risk tolerance. There are many options you can take to progress, but it really depends on your comfortability and goals.