Dead-end. How can I continue to do deals?

[Alexis Soto]

Good morning BP, My situation is a bit sweet and sour. I recently purchased a fully rented 4-plex through a tax deed sale for 45k. If my personal appraisal is correct it will appraise for about 125-130k on the conservative side. I've spoken with multiple banks and they say that same thing, 6-12 months to allow for seasoning. I'm wondering how can I continue with this momentum that I have going for me now. I plan to do a cash out refi in about 6-7 months and take out about 50-60k for another property. Ideally what I would like to do is to reinvest the dividends from this property into a commercial multi family where I have more control of the forced appreciation. How can I continue to do deals with my capital tied up in this 4 plex? If i can use opm how can I make the deal profitable for the lender and myself as well? I feel like I'm trapped for another 6 months while I'm trying to hustle here! Any advice is appreciated. Thank you.

[Andrew Johnson]

@Alexis Soto For whatever it's worth, you seemed to be worried about 6 months, don't be.  If you're in this for the long haul you'll have to get used to seasoning periods (for the most part) as well as amount of time it takes to reload your capital for the next down payment.  It's going to take you much longer to go from 4 units -> 10 units than it will to go from 20 units -> 30 units.  At least that's my perspective.  Not to mention, if you're that confident in your $45K purchase -> $130K valuation, sell.  Sell it and take the $80K to invest in a commercial multifamily.  It sounds like that's what you want to do anyway.  Rather than trap yourself in the wrong property just take your $80K profit and buy something that you *want* to buy-and-hold, force appreciation with, etc.