Acquiring a second property strategy in Minneapolis

[Matthew S.]

Good morning all,

So I bought my first property (4br 2bt) for 285 last November using the VA loan and its value has gone up since then and I am currently house hacking it. (Renting out the other 3 rooms).

My question is on how I should acquire my next property while holding on to this one?

I kinda wanna live here for 2 years to get the capital gains tax exemption and sell it around that 5 year mark. The issue is finding a loan I could use while keeping this property. Possibly heloc or cash out refinance if I can get one to get some down-payment money. Or refinance out of the VA loan to conventional and use the VA loan 0 down to get another. (I can only do this once though). I would love to hear any thoughts or opinions you have. Thanks!