How would you scale from an FHA loan?

[Allan Pilapil]

I just bought my FIRST property in Northern CA using an FHA loan

What are some ways that I can scale up into my second property within a year?

I will be saving $1,800 - $2,000 a month and my goal is to buy a multi family property within 12 months.

Someone suggested that I save, then do a cash out refinance in 12 months, and roll the funds I have saved into a new FHA loan while using the cash out refinance money for repairs and rehab.

What are some methods that worked for you? Or things you would’ve done differently??

All input and ideas will be extremely appreciated!!

Thank you so much!!