How are house hackers continuously house hacking from 1 house to another?

[Susan Tan]

I had househacked in the past for a 3plex building that I own in Texas but have moved out of. I still have a FHA 30-year long low interest mortgage on this 3plex and all 3 units are rented out to long term tenants. How would I continue to househack? How do investors here continuously househack? I can only have 1 FHA mortgage at a time, right?

[Andrew Postell]

@Susan Tan thanks for the post here.  Now, to tackle this upfront - you can have more than 1 FHA loan at a time. There are some qualification things that go with it, but it is possible. Please make sure you are speaking to lenders about this so they can guide you appropriately. FHA loans are quite impossible to get on any 3-4 unit properties right now anyway (again, speak to a lender on why this is the case). And lots of people will house hack single family homes or single family homes with ADUs. As mentioned above, refinance current loans to free up future loans. However, I would not suggest refinancing that mortgage but rather explore the other options first.

Hope all of that makes sense.