FHA to FHA

[Christopher Morris]

Hello BP,

I'm currently working on getting tenants into my first duplex. I used an FHA for this property and already have the itch to get the next one… I've heard many times on the BP podcasts to FHA the first property, refinance to conventional, then FHA property number 2. Repeat.

It sounds like a great idea and one which I’d like to do, but I feel it’s harder to do that than said. 

Are there any issues when it comes to refinancing and transitioning into another FHA? Are there waiting periods for this process? Any tips and advice would be greatly appreciated!

[Jake Handler]

Why not explore the new 5% down conventional allowance if your situation allows?