Finished My Second Property

[Kolton Lynch]

Well I am almost 2 years into the investment lifestyle and I can honestly say this has had its ups and downs,just like anything in life. I purchased my first property at the start of 2018, It was a Duplex in Hamilton Canada. I fixed it up as much as I could and rented both units out. I was thrilled ! I asked my self what next. So I pulled out the money from my first house and Bought my second house In the same city. Only this time what took almost a year last year in renos I hired a company to come in and do the renos from top to bottom. They had the whole house completed in one month ! My mind was blown "like how was that even possible" How was it possible me who started with nothing raised from a low income single mother house to now owning 2 houses and 2 years. During renovations my wife had my baby daughter so we have been super busy to say the least. 

The deal was structured like this. I purchased the house at 315K, I added purchase plus improvements to the deal so my deal was 340K mortgage.  I put $23,000.00 Down as my down payment and I had put $60,000.00 Into renovations. Which was Bathroom , upstairs, fixed all the pluming upgaded the upstairs, Redid the kitchen and main room, added a bathroom in the basement and added a new laundry room. Removed and added a brand new fence. After renovations were complete I called the bank and they sent someone to come look at the house to see if the renos were done. and a week later I received 25K back in my account. I have attached pictures at the bottom as well. 

My next question is what would be the next step? 

Do I refinance again or hold off on refinancing until my wife is back at work ? I would like to start doing more deals faster and faster.