STR furnishing strategy

[Steven Gray]

I am closing on a 2/1.5 condo in Destin Florida next week and closing has eaten up all my capital.  I need to re-do the floors but that's it for a rehab and I'm doing the work myself, It will bring me in a net profit of 1.5k a month conservatively so I know it's worth it but my question is how should I furnish it to get in on the market ASAP and cost effectively because it will have to be done with credit cards?

[Joshua Strickland]

Most furniture stores offer financing, but don’t sign up for any sort of financing until after your closing date or it could cause issues with your new loan. 

Sounds like your getting over leveraged with no reserves regardless though. I’d personally look for a partner to do this deal with so I had reserves for a rainy day. But I have a lower risk tolerance.

Congrats on the purchased though. I close on my 4th rental (1st in FL) in PCB in June so we’ll sort of be neighbors. I’m using a combo of Amazon, Wayfair, and 13 Hub Lane to furnish mine.