Bought my first property, what's next?

[Brandon Keller]

I recently bought my first property in April, 2018 for $22,000. The home required a full renovation. I'll be 60k invested after rehab and can sell the home for around 90k. I would prefer to live in the home and house hack to pay for taxes and insurance. I am thinking about doing a re-fi out to buy a multi-family property. Any suggestions?

[Antoine Martel]

You should absolutely do a refinance and pull that cash out and then just do it all over again. You can live in that house or rent it out. The best case would be for you to rent it out and then have that person pay for the taxes insurance and mortgage. 

Now you're making cash flow every month and can use that cash to help fund the next deal as well.

You're very close to completing a full BRRRR strategy and that is the best situation for you!