Fha loan loan while owning properties

[Ryan Keenan]

Hey bp, 

If I have not used a fha loan yet, would I be able to use it on a fourth property? Currently renting and not living in any of my properties . Has anyone done this? Would be looking for a 2-4 unit on the fourth.

Thanks

Ryan

[Jerry Padilla]

@Ryan Keenan

FHA limits you to a total of 7 units including the primary residence you are purchasing. Each unit in the properties count. So if you own three duplexes, you will only be able to purchase a SFR. Feel free to reach out with any questions. Many people are not aware of this guideline. Below is a link. FHA Unit Restrictions - Chapter 4, Section B, page 13.