General question - Mortgage levels for second investment property
I have a general question based upon a potential situation.
I am looking to possibly buy a personal residence, and then buy investment property afterwards. Holding both properties. My question is how much do banks/financial institutions typically loan for the second investment house? I want to know how much I could afford for the second house, because that will determine how much I actually spend on the personal residence property. Please let me know any thoughts. Thanks everyone!