Can one person acquire more than one FHA loan?

[Joseph Lewis]

From what I read, one person may only have one FHA loan. I'm wondering if it is possible to use an FHA loan to buy a home, live in it for the minimum year, then refinance with a conventional loan, then acquire another property with an FHA loan, live in it for the minimum year, then refinance with a conventional loan.... and repeat.... Thanks BP!

[Chris Mason]

You can refinance out of FHA in 6 months, assuming the equity is there.

But typically FHA isn't investor friendly past the first one for various other reasons.

3% or 5% down conventional SFR? Yup, every 12 months, no need to refinance either.