How long do I have to wait for second FHA home?I am looking to buy a property with an FHA loan and was wondering how long I have to live in that property so that I can buy a second FHA loan. I am looking to turn the first home into a rental property and continue doing so for multiple properties. I read that I can only have two FHA loans concurrently.September 17 2012 - Brooklyn00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.