Will investments keep restrict me from FHA loan?

[Raheem Akers]

Hello BP fam,

My question is if and purchase a distressed property thru a hard money lender will that interfere with my aspirations of purchasing a duplex thru FHA means later this year? Will they consider me an investor because I would already own a property, therefore, requiring me to pay the 20% down even though I wouldn't have any mortgages in my name?

The 2nd part of that is, if the first answer is yes, then if I purchase a property in my LLC's name will that allow my to get the FHA loan in my name later this year?