I have refinanced wrong any suggestions?

[Joel Bentley]

I recently refinanced my first home (muli family) like a brrr and did a cash out refinance. My hope were to use a FHA loan for another 10% down loan.

Now I have closed and found out my new loan is a FHA loan and that the only way is to buy using an investor loan of 20% down.

What can I do? I have enough for some property’s if 10% and closing fees. But not enough as 20%.

Is there a way to refinance again? Or something that can be done?

[Joel Bentley]

@David Kelly

I was looking at multi family and moving into it. But it would also be in the same town as my other property.