Long story short, what we originally contemplated as a "face lift" for our new home has transformed into a bit more of an effort in prepping for what might be our forever home.
I was meant to keep ahold of our current home and rent it out long-term. Now bids are coming in for the new place (both face lifts and forever home) and I'm in a spot where I probably need access to the equity in my old home to cover forever home type renovations.
I close on the new home soon and start renovations right away. If we do the full forever home effort, it will almost start eating into our emergency fund (which I'm not keen to do).
What are my options for securing cash if renovations finish before the sell of my new home? Thinking less than $50k for 2ish months.
I was meant to keep ahold of our current home and rent it out long-term. Now bids are coming in for the new place (both face lifts and forever home) and I'm in a spot where I probably need access to the equity in my old home to cover forever home type renovations.
I close on the new home soon and start renovations right away. If we do the full forever home effort, it will almost start eating into our emergency fund (which I'm not keen to do).
What are my options for securing cash if renovations finish before the sell of my new home? Thinking less than $50k for 2ish months.