Can I get a second property with FHA? Once refi out of first

[Irving Vizcaino]

Hello BiggerPocket Community,

I just refinanced out of my FHA, a few months ago on my first property (condo). I was hoping to invest into a second property with an FHA loan and using the HELOC from my first property. Is that possible?

[Irving Vizcaino]

@Gianny Niebla Thanks for sharing your experience. Good to know as I may pursue an FHA in my next property.

@Brandon Beardt my reasoning for wanting an FHA is due to low down payment as opposed to 15%-20% especially within Boston market. I have already refinanced my FHA loan to conventional loan a few months ago. I decided on going the refinance + heloc route for flexibility as opposed to the cash out refinance.

@Albert Bui That is unfortunate that I cannot use the cash flow from my current residence as I would have included the cash flow to help qualify for another property. Thanks for sharing the 100 mile rule as I will consider the factor when buying a second property.