Hard money to conventional question

[Kenneth B.]

Hello all, after what seems like countless hours of prep I am ready to make a move! My intent is to pick up some rentals and create some cash flow.

I Just received a pre approval from a bank for 200k with 20% down. I have read some posts about using hard money for the purchase and doing a refi with a conventional loan once the loan is seasoned.

So I understand if I use, say 10k per property for closing, I can get more properties with my savings. My question is will it be harder to get conventional loans after the first? Will being over leveraged be a red flag? I would hate to have a hard money loan and find out I cannot refi the property. I guess thats where the multiple exit strategies come into play.

Thanks in advance for any input