FHA Loans

[Jonathan Basden]

My primary residence was purchased FHA and we have rehabbed ourselves then recently refinanced. I have a family member who is interested on my next venture, directed toward a multi unit. He was initially looking at buying a home for himself using the FHA loan. I suggested we both go in on something larger to provide some cash flow and it was my understanding that you can utilized the FHA benefits again and again so long as you or all parties do not currently have a FHA loan. We are both unsure at this point if we can both purchase something FHA since I have already used this program before and he has never purchased any properties.