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. 

[Brent Coombs]

@Andrew Watson, the point is: at least ONE of your simultaneous mortgages (by definition) will NOT be for your primary, so therefore, their INVESTMENT lending policies kick in!

And who's going to lend you more than 70-75% for your investment properties? Welcome to BP!...