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Updated almost 4 years ago on . Most recent reply

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15
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Eric Kelly
  • Investor
  • NJ
7
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15
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Furnishing an Air bnb

Eric Kelly
  • Investor
  • NJ
Posted

Looking to add a rental to my portfolio but am coming to the realization I may need to furnish the new rental due to the market not having a lot of turnkey properties at this time. Is it possible to add the furnishing of the home into the home loan ?

Most Popular Reply

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255
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211
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Alex S.
  • Investor
  • Metro East of St. Louis (Illinois)
211
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255
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Alex S.
  • Investor
  • Metro East of St. Louis (Illinois)
Replied

I try to stick with 1-2 bedroom, 1 bath units and I furnish with new stuff, but not necessarily high end.  Lots of IKEA!

It is usually about $3000-5000, depending on size.  That includes everything from silverware to linens to tables and chairs and tvs.

Oh yeah, you can't roll that into a traditional residential mortgage loan.  You'd need private money.

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