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Updated about 3 years ago on . Most recent reply

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Short-Term & Vacation Rental Discussions

Loans for furnishing?

James Roberts
Posted

Just bought a home for the purpose of turning it into an Airbnb and was wondering if anyone had any suggestions on how to go about buying the furniture without using my own cash - loans, or credit cards etc. Thanks! 

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  • Gatlinburg, TN
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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Replied

I have a rule that I don't borrow money for a depreciating asset, except for the occasional car with a very low interest rate.  Most of the time I end up paying those off way early, too.  

Just gather cash and get it, is my advice.

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