How many FHA or 203K loans can i get?
So i was watching @Brandon Turners 's webinar the other day on financing incredible rental properties the other day, which was great btw. He talked about getting more than 1 FHA loan as long as you live in the previous property at least 1 year. So i want to attempt to do this, i have lived in my current 2unit Multifam house for 1 year already and have my eye on another place in town. I talked to a mortgage guy and he said i must have a reason to get the next property. So one reason would be that eventually my wife and i may want to have another child but in our current situation our unit only has 2 bedrooms. If we end up staying in the 2nd house longer than a year then we will def need that third bedroom.
How many FHA loans have you ever heard of someone having at any given time. And lets say in the future i have these 2 properties and want to get a 203K loan, will having the first two properties hinder that venture? how many 203k loans can someone get?
Are there other methods of continuing to get FHA / 203K loans?