Getting out of an FHA

[Ty Monroe]

I have been reading a lot about house hacking and FHA loans. Let's say you buy a multiplex with an FHA loan, and then generate enough cash flow that you wanted to invest in your second property. Are you capable of some how backing out of the first FHA loan with some sort of refinancing, and get an FHA on house two? Or are you forced to wait it out a year.

[Robin Wilk]

I believe the way an FHA loan works is once you have it you have to wait out that year in that property and after that year you are about to refinance your existing loan. I also think that is how the BRRRR strategy works it's basically house hacking.