Obtaining the second property

[Steven Maldonado]

Hi everyone

So quick back story, I have closed on my first duplex in November and I’m house hacking in Providence RI, I love the home. Tenants are great. But now I want to plan my strategy for the next home. I ended up going conventional 5% down on this one and I’m wiped.

In one years time i estimate saving around 15k. Would love to house hack again, So I guess I'm asking how should I choose to finance the next? I assume it's way to early for a HELOC in a year? and since I got it at such a low interest rate (2.65) wouldn't make sense to refi would it? If anyone has any stories on how they acquired the second please feel free to fill us in. Any suggestions or recommendations would be appreciated.

[Steven Maldonado]

@Anthony Thompson thank you! You make great points.