Its been less than 1 year with an FHA loan, can I do anything?

[Taylor G.]

Hi All,

I purchased my first duplex in March with an 3.5% FHA loan. Used my personal savings for the down payment and updating/maintenance. I am now house hacking by living in one of the units. I work a W-2 job and still have a $13K of student loan, but no other major debt (own my car and small credit card debt) and I have a high credit score.

I have been learning and researching on how to analyze BRRRR strategies in my area (Essex County, Haverhill, Massachusetts) but I am stuck on what can I do right now with not enough savings built up get and its only been 5 months with my FHA loan.. should I wait it out for the 1 year mark? How soon can I even get a HELOC? Any other suggestions on how to finance my first BRRRR?

Thank you!