Getting another second home loan in same area?

[Anita Verma]

Hi everyone,

I am buying a property as a second home, using a second home loan that requires 10% down. Let's say that after I buy that property, I decide to convert it into a rental, and I want to buy a different second home in the same area. Can I get another second home loan in that area? I do not want to get an investor loan and put 25% down.

Thanks!