FHA Loan for first investment in my wife's name

[Brian Lybert]

So I am picking out my first buy and hold investment property. I bought our primary home under my name (she is not on the lease). Talked to a lender, and he suggested we put a 2nd mortgage on the investment property in her name as the primary so we can do an FHA loan it as we only have the 3.5% down payment. We would have to hold it for 60 or 90 days (not sure which) then we can rent it out. Was hoping to get some thoughts/advice on this strategy. Thanks in advance!