Question on equity

[Devin Slone]

I am looking to purchase my first property for a house hack. It's a duplex and will cashflow around $200 once both units are rented. I hear Brandon and them talk about after the year of living there to refinance out of the FHA into a conventional mortgage and then repeat the process. Do I need to take money out of the first property to put down on a new property? If so what if there's hardly any equity in the property after only a year?