ReFi out of FHA?

[Mark Douglas]

At what point would it make sense to refi out of an FHA into a conventional loan? I got in under 4% , so I don't know if I'd get a much better rate. Also, after I wait one year from the close date of the FHA loan, and refi out, could I then get another property with FHA? I know they have those "special circumstances" under which it's acceptable to have two, but I'm talking about closing out one and opening a new one.

Any thoughts?

[Jameson Sullivan]

I'm currently working to finance a 4plex fha then  add value over the year I am living there and refi into a new loan using the forced appreciation as my "down payment" on the new loan  and getting my cash out.... I'll let you know how it goes for me !