Calabasas, CA · Member since 2017 · 5 posts · 0 votes
Hello BP members!
Straight to the question... can one obtain FHA financing if that person owns a few rental properties? I am asking because I live in Los Angeles, I am planning to start investing in passive income-producing real estate, but I would like to be able to use an FHA loan down the road for my primary residence here in CA.
Any help... answers, comments, suggestions... will be highly appreciated.
Investor · San Francisco, CA · Member since 2015 · 302 posts · 206 votes
8y
Yes you can have an FHA loan even if you own rental properties. I owned 2 rental properties when I got my FHA loan. The rule is only one FHA loan at a time (with a few rare exceptions). It doesn't have anything to do with what else you own, assuming those rental properties are not FHA and it sounds like they aren't.