How would you proceed?]]

[Chris Healam]

Currently torn on my current situation and would appreciate some advice from others.

My mortgage is $900/month at 4.048%. And I have roughly 80-100k equity. Obviously unrealized.

I would like to purchase a MFH. As an owner occupied home. And I would like to repeat this process several times as I build a collection of properties. Ideally keep my current home as a rental. But I do not have the funds for a 20-25% downpayment.

Should I:

Continue to save until I have enough saved.

Cashout refi to supplement a downpayment or...

Sell my home, have the downpayment and some extra savings afterwards?

My home would rent for $1200-1450/month fwiw.

All duplexes in my area would require both sides to be rented to cover all expenses and cash flow. This is with 20-25% down. And Most all duplexes start at 350k in my area.

What would you do?