FHA loans vs Hard Money

[Tyquan Fleming]

If I go the hard money route for my first investment property, am I still able to use my FHA less than 6 months later for a primary rental or because I have a property already in my portfolio will it be unavailable?

[AJ Wong]

I'm not totally clear on your post but..

If you're buying a 1-4 unit primary you can (and probably should) use the FHA. Super low down payment and much much better rates and terms.

If you previously bought a primary using an FHA loan..there are some exceptions that you could obtain a new FHA loan, usually within 12 months of occupancy and some extenuating circumstances that could allow for sooner. Hard money should be somewhat of a last resort if the property or credit can't qualify.

@Joseph Chiofalo is an FHA guru. Good luck!