Investment Prop. Loan Affect Borrowing Power for Personal Home?

[Brandon Reed]

Hi There,

I'm wanting to get starting in RE investing but feel a bit "stumped" with how to get financing for my first property. Here is my situation.

My wife and I are currently renting a home but would like to buy when our lease is up in May of 2017. I would like to purchase an investment property before then, but do not want any loans I apply for to affect my ability to get a good loan for the home that we'd purchase for ourselves.

Like I said, I'm just getting started so I'm fairly unknowledgeable with the process of applying for a home mortgage in general. I fell like if I borrow money for an investment property, won't the bank be wary of allowing me to borrow even more money for a personal home just months later?

Or, from other people's experience, is there a better way to approach financing for someone's first few properties starting out....?

Thanks so much in advance for any insight that can be provided!