FHA vs. Conventional Loan

[Chace Corbett]

I am currently about to begin my real estate journey by house hacking. My one question is since I have already been preapproved for a FHA, would I still qualify for it if I first bought an Investment property with a conventional loan with a partner? Can I still get a FHA loan after I've already used a conventional on an investment property with another person? I ask all of this because I have found some nice townhomes that I have run the numbers and they would be cash flow positive! Id like to get the ball rolling since it could take some time to find a duplex or triplex but I don't want to risk losing my chance at 3.5% down with the FHA.