investment property debt - cause issues for getting a home loan?

[Michelle Watt]

Hi All,

Apologies if this topic has been discussed before, but I can't seem to find such threads when I do a search. I am a newbie investor looking at buying my first multi-family properties (meeting with lenders, brokers, etc right now). I am also currently renting my residence while keeping one eye open to eventually buy, and I have to ask - do investors run into problems on getting a personal home loan if they have outstanding debt on investment properties?

I have a strong credit score, but am guessing if I buy investment properties first, the debt on those investment properties will be a big factor in the bank's consideration of my personal home loan...is that correct?

Thank you in advance!

Michelle