Getting Second property with fha

[Lamar Jean]

Hello everyone,  so I've been house hacking for a year, and i plan on getting a second property soon and the problem is, i can have one fha loan at a time, so i plan on refinancing to free up the fha loan. My question is,  should I go conventional or fha streamline refinance? Since i don't have 20% equity in the home yet, i plan on paying the down payment.  Can i get another fha loan after an fha streamline refinance? Or should I go conventional? 

Thank you.

[Raymond J. Rodrigues]

Hello @Lamar Jean, I'm not sure who your lender is but you may have been given some false information. You are allowed to have two FHA loans at the same time as long as the properties are atleast 100 miles away from each other. You also have the option of buying a new multi family as a primary not being a first-time homebuyer going conventional with 5% down.