CASH OUT PROCEEDS be used as Reserves for New Purchase?

[Carlos Handler]

Hi. It’s been a while since I posted on here. This community has always been so helpful. Doing a cash out on my secondary home. I would like to purchase a new primary home with cash out funds. Without the cash out I won’t have any reserves. I currently have 10 properties.  Can I use my cash out for reserves on a new purchase? Or is there a creative way to get around this. 

Thank you in advance!