So let's say I just bought a triplex...how do I buy the next one

[Sean Starkey]

I am interested in multifamily real estate investing for buy and hold. I haven't bought my first one yet but looking to do so within 4 months. After I buy this first property I want to grow exponentially and buy bigger and bigger. How would I do that? Would I refi my investment property and put that money into my next deal? What have you all done?

Thanks!

[Brandon Rush]

Hey Sean,

Refinancing your triplex is an option, assuming either it has appreciated enough or you have forced equity through property improvements. Other than that, its really up to you to figure your strategy for acquiring more rentals. You could simply save up for the next down payment, you could partner with others, you could try to seller finance, there are a number of options. Its just one of those things you will have to figure out as you start to purchase property and opportunities start to present themselves.

Good luck!