Has anyone househacked multiple times using a FHA loan?

[Andrew Freed]

I am curious if anyone has house hacked multiple times using a FHA loan. Do you have any advice for someone looking to use this strategy to build wealth?

[Dave Spooner]

@Andrew Freed I've done it but it's very challenging to do on your own. There are only a handful of reasons you can get a second FHA loan:

• You’re relocating due to a new job opportunity.
• Your new home is more than 100 miles from your current FHA-financed home.
• You need a bigger home to provide for a growing family.
• You’re getting a divorce and your spouse is staying in the current home.
• You were a co-borrower for someone else's FHA loan and want to buy your own home.
• You're not using FHA loans to build an investment portfolio.
• You're buying a HUD real-estate owned (REO) property.

(Source: https://www.lendingtree.com/ho...)

For my own rentals, I invest with a handful of other people. More than one of us has used an FHA to buy multi-families (even better, look into the 203k if you're not familiar).