Planning my first two properties, advice needed.

[Andrew Watson]

Hello Forum,

Thanks ahead of time for reading this.  I keep a pretty meticulous budget and am starting to plan entering real estate towards the middle to end of this year. My question relates to financing.

I am planning on FHAing my first property (mfr), and planning the second purchase I came across some information mentioning that you need a 70-75% LTV of the FHA Loan to be able to qualify for a second mortgage. I found this thread here discussing this, but that issue wasn't addressed in detail..

https://www.biggerpockets.com/forums/48/topics/324...

Is this true? I am finding contradicting information online.