I'm currently under contract for an out-of-state property and I want to explore using a HELOC on my primary residence in Jersey City, NJ to finance some of the repairs for the property I'm under contract with. Looking to connect with a lender who can help! Thanks!
Hey Jared — sounds like you’re making a smart move by leveraging your equity to fund improvements instead of dipping into reserves. I work with a few lending partners that structure HELOCs and hybrid equity lines specifically for investors using their primary residence to fund out-of-state projects.
Let’s connect — I can walk you through how to position your deal so the line gets approved quickly and doesn’t stall your current contract.