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Updated over 7 years ago,
Refinanced my FHA203k duplex.Can I repeat with a 4plex??
I purchased a duplex property last year and refinanced out of my FHA 203k loan into a really nice conventional. I spoke with a friend of mines who has experience with Annie Mac Mortgage I explained that i wanted to move again this time and purchase a three or four unit using another FHA 203k. He explained that this maneuver would draw red flags from FHA and that this is not possible. He says that their are some conditions in which it may work and one example was if I moved closer to my company and it being a shorter distance. Is this fact or fiction? Welcoming folks to chime in!!