Furnishing an Air bnb
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 ?
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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.