New Member - Central Texas!

[Mike Austin]

Hello,

This is my first time posting. I live in Central Texas and am just starting to learn about REI. I am planning to use an owner-occupant(fha) approach to acquire my first multi-family unit.

I was hoping someone could answer a couple of questions for me. How long would I have to wait before I could finance a second property in the same way? Would I be able to get a second FHA loan?

Thanks!

[Nathan Gogo]

@Mike Austin,

Welcome to BP! From what I understand, you can only hold one current FHA loan at a time. However, you can use a FHA loan on a property, eventually refinance it into a conventional loan or different method of financing, and then purchase a new property with a another FHA loan.