FHA Loan and Conventional Loan Question?

[Mike Perrotti]

Can I use a Conventional Loan first to buy a investment property out of state and then use a FHA Loan later to buy a property for my wife and I to live in as our primary residence?

Reason being… out state properties that I'm looking at are much cheaper and I can afford 20-25% down, but where I'm looking to buy for my primary residence is very expensive and i can't afford 20% down.