1st deal done. Now i have lost momentum pls help.

[Sage Fradley]

Hey guys, Im still at the beginning stages of establishing a path to financial freedom but I have started. I need advice about the best way to get the money out of my house to purchase my next one. Here are the numbers... I purchased a house for 169k. I put 49k of my own money and the other 120k was loaned to me by my aunt at 6% interest only. My loan with her is currently at 110k and I make a 550 payment each month. Additionally I put about 30k into it... new roof, new bath, and permitting issues ect. I currently have the house rented and take home around 340 after everything including capital exspensures. I was house hacking and just recently moved out. I am living with family now but I want to move out and do it all over again. But I have no capital. I want to get enough money to pay off my aunt and have enough left over for another house hack. Any advice is appreciated. house appraised at 205k when I 1st bought it two years ago. Im sure it's around 230 now. Sage

[Sage Fradley]

Thanks for all the advice I was able to do a cash out refi conventional loan at 4.25% . It appraised at 250k and i was able to get 200k. So after paying back my aunt Im back to 80k, but with a cash flowing property :) about $300 a month Woot woot. I plan on increasing rents next year.