Limit to number of Rentals you can own?

[Nick R.]

Hi all, I'm starting out and am in the market for my first rental property. I'm working with a reputable wholesaler who I plan on buying from. My strategy is to buy, fix, and hold by acquiring a property with a hard money loan and then refinancing and cashing out recouping the majority/all of my initial investment I used in acquiring the property.

I have heard that once you have four mortgages out on four rental properties, it becomes more difficult to get approved for additional loans. My question is, is this generally true? If so, are there ways around this?

Thanks,

Nick