The Next Property

Congratulations — you just bought your first duplex with 5% down and you’re living rent-free.

Most people stop here.

You’re about to turn that one deal into 4–10 units in the next 3 years.

THE 4-PROPERTY PLAYBOOK (DO THIS EXACT ORDER)

1. Live in it 12 months
   → Satisfies FHA owner-occupancy rule (critical!)

2. Cash-out refinance at month 13

   • New appraisal (your rents + any upgrades = higher value)

   • Pull out 75–80% of new value

   • My last duplex: bought $200k → refinanced at $280k → pulled out $85k tax-free cash for duplex #2

3. BRRRR the next one

   • Buy → Rehab (light or none) → Rent → Refinance → Repeat

   • Use the $85k as 25–30% down on a $300k–$400k fourplex

   • Repeat every 12–18 months

4. 1031 Exchange when you’re ready to go bigger

   • Sell one property, roll every penny tax-deferred into a larger one

   • No capital gains hit until you’re done scaling

3-year timeline

Year 1 → Duplex #1 (5% down, live in)
Year 2 → Refi #1 → buy Duplex #2 or small fourplex
Year 3 → Refi #2 → buy 6–10 unit building
→ 10+ units, $8k–$15k/month passive, still using almost none of your own money

ACTION — START TODAY

1. Mark your calendar: “Refinance Duplex #1” exactly 12 months from closing

2. Talk to me if you’re looking to scale.

You now have the complete playbook from $16k → financial freedom.

Do the work once → collect checks forever.

Want me to personally walk you through every refinance and next purchase for the next 12 months?

BOOK FREE 15-MIN SCALING STRATEGY CALL WITH SETH → (below)

You did it.

Now go get #2.

— Seth