How to continue to get approved for mortgages?

[Cameron Lim]

Hi guys, Just watched Brandon’s podcast on how to buy multiplexes.

Question is, how do you continue to refinance with banks and are able to continue to buy homes?

Say I buy 1 duplex today and have it rented. I take up a mortgage for it

Next year I buy 2 duplexes. I take up a mortgage for it.

Won’t I get to a point where banks won’t lend me any more money?

How did Brandon/y’all overcome this hurdle?

Even with the BRRR strategy, there's a refinance component to it.

Thanks

[Vaibhav Puranik]

@Cameron Lim I have experienced the first transition as I have more than 4 properties. I have yet to experience the portfolio lender transition. 

I invest local as well as remote. I have properties in TX and CA. 

You can learn more about portfolio lenders by googling about it. Here is one such link - https://www.investopedia.com/terms/p/portfolio-lender.asp#:~:text=A%20portfolio%20lender%20is%20a,lender%20who%20services%20the%20loan.