Hi! I've been a long time lurker and got a question...let's say the work income, cash amount (savings), credit score, etc are average and you managed to get approved to buy your first 2-4 units property with some positive cash flow from that property. Since you're already on your first loan but with same work income plus a positive cash flow, is it easier or harder to get a second, third...so forth loan for another multi family properties?
For the most part as long as the numbers work and it cash-flows, getting approval on the second, third, etc. loans is pretty straightforward. Most conventional lenders will cap you out at 10 active loans at once, however if you are working with a smaller bank or portfolio lender then it is completely up to them on how many loans they will approve you for. Hopefully this helps!
Debt to income will eventually come into play at some point. But if it makes you feel better, I took on 20 portfolio loans my first 18 months and didn't have much of a problem since I had a day job and all properties cashflowed.