Residential property or investment property first?

[Michael Hunt]

Hello,

My fiance and I would like to buy a residential property in CA sometime this year and also buy an out-of-state investment property this year. Both would be done through conventional financing. We currently do not own any properties.

We were thinking of getting the residential property first in order to get the most competitive rates as it is my understanding that purchasing an investment property will require 1-2 hard pulls which could hurt our credit score.

Is buying the residential property first the smart move for financing?

Thanks!