Short Term Rental - Renovation Elgin Texas

[Alan Frisk]

Hi all!

Looking to see if anyone has any suggestions on how to finance a renovation on one side of a house-hacked duplex? We are closing on our first duplex in Elgin Texas in August and debating on renting out the other side as an Airbnb. (We'd live in unit A 896 sq.ft & unit B 795 sq.ft has MTM tenant with potential to STR). The only catch is that we won't have much money to use for a renovation and unit B could use some updating before attempting to Airbnb.

Thanks!

[Conner Olsen]

I'd find a private lender. It sounds like you won't have equity to pull out of the house. You might need to DIY, you can get a Home Depot or Lowe's credit card and fund your purchases with their 0% APR program.