Home equity to purchase investment property..

[Joe Chaps]

Hello All..  Quick question for you pro's.. We moved to Hawaii for a contract job....We are renting here and do not intend to buy.. I have a lake house in Texas that is paid for.... This was our primary residence before moving... Can I refi that house and use it as collateral to purchase another rental property?.. The catch is we just rented out the lake house which classifies it as rental property now..   Or is is it still considered a primary residence?...  Mahalo....