Turning my primary into a rental
I'll be looking to refi cash out my current primary home, use it as a rental. I want to take that money for a DP on a new primary. This will be my first investment property. Would a lender be willing to work with someone doing something like that? or do you think that would it over leverage? I'll still have plenty of emergency cash put up. But I've never done both at the same time. Or any other suggestions? I'll pull about $100k out and I'll leave 25% into my current home. I've thought about HELOC but I was told I should not use it for Long Term. Anyways thanks I'm advance.