Let's say hypothetically, you are living in a duplex using an FHA loan and renting out the other unit. You come across a deal on a house that you want to do a brrrr on. Will FHA loan affect your ability to do a brrrr? Will the FHA loan prevent you from doing a brrrr?
@Juan Suarez no the FHA loan doesn't prevent you from buying other properties. It does prevent you from using another FHA loan unless you have refinanced your first property. You could always go conventional on the next one.
Now on a separate note, FHA loans tend to make it challenging to buy a property to BRRR in the current market. FHA loans are for properties that are in very good condition. The BRRR inherently pushes you towards fixer uppers which normally means cash or conventional financing only.
If you are looking to BRRR with FHA I'd consider using the 203K option