Buying my first duplex and how to plan for the second one

[Niraj S.]

Hello!

I am a newbie and have been reading blogs and hearing the podcasts on BP and my niche which I would like to follow through is in the multifamily space, specifically starting with the duplexes. I have analyzed a few properties and hoping to get that first deal soon with 25% down payment I have saved up. What my confusion is once I buy that cash flowing duplex, how do I save up money/or come up with funds for the down payment for the second or third property as I grow? I have heard about terms like HELOC ,Cash Out Refi and leveraging but I am having a hard time trying wrapping my head around it.

Any advice or strategy is greatly appreciated!

Thank you!