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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
11
Votes
Jameson Dixon
  • Chicago
11
Votes |
11
Posts

House hack and repairs

Jameson Dixon
  • Chicago
Posted

Hello! I recently bought a 3bed/1.5 bath in the Chicago area suburbs. I'm planning to rent out one room and airbnb the other. I will need to do some repairs so I'm curious what are some creative ways to finance some of them? I have cash to cover mostly everything that needs replaced, but I'm also looking to keep as much liquid as possible. For the example, I'll need a new furnace. Is this better to just pay it outright or finance it at 0% and roll it into the rent/airbnb cost? 

Most Popular Reply

User Stats

161
Posts
176
Votes
Bryan Balducki
  • Real Estate Agent
  • Denver, CO
176
Votes |
161
Posts
Bryan Balducki
  • Real Estate Agent
  • Denver, CO
Replied

@Jameson Dixon always great to have the cash! Home Depot/Best Buy will do good deals with there credit cards. If you can get 0% APR for 12 months, I'd say make sure you pay it off on time, but definitely worth making monthly payments to have more cash on hand. Hope this helps!

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