Refinancing our Primary for Down Pmt

[Holly Saxby]

I am going through the numbers on possibilities of getting a down pmt to be able to get into investing. One option I am exploring is to refinance our current house, rent it, and use my refinance cash to buy 2 houses (a primary and investment). I know through listening to podcasts, that you can typically refiance to 70% of FMV in the brrrr strategy. If it is my primary at the time, is it up to 80% FMV even if the plan is to rent it out later? I am not going to be dishonest...I am just not sure if future intension is something that will come up in a refinance.