New In The Investing World

[Zach Ranney]

Good Afternoon All! 

I am a brand new to the investing world. I have listened to many podcasts on the biggerpockets podcast. I just recently bought my first property in Nov '23 just outside of Chicago, IL with an FHA loan. I am currently fixing up a few things and plan to get into a conventional loan (within 12-24 months) via a cash out refi and put that equity into funding my next property. To those seasoned investors is this the right move? Should I have gone a different route? I wanted to get a multifamily property and house hack it but the offers that were coming in were way over what i was able to do. Any and all advice is awesome as i want to soak up as much information as i can to build my portfolio.