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Updated almost 6 years ago on . Most recent reply

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Mark Miles
  • Rental Property Investor
  • Philadelphia, PA
665
Votes |
506
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Can you finance furniture purchases?

Mark Miles
  • Rental Property Investor
  • Philadelphia, PA
Posted

I'm looking into Airbnb / STR in some areas where there are large houses in good condition for very reasonable prices. The biggest issue is the houses sell as UNfurnished.

It would require a $30-40k downpymt to buy these houses but then another $30-40k to decorate & furnish them nicely (this includes all furniture up to & including window treatments, hot tub, etc. Even buying many items cheap on wayfair, the cost still seems like $30-40k total to nicely furnish a large house). Also I work a full-time job so I don’t have time to drive all over the place to buy things at antique stores, estate sales, etc.

Is there a way to finance the furnishings over 10 years (at a low reasonable rate) or something so I only have to spend $30-40k in cash for house downpayment up front instead of $60-80k in cash up front for house downpayment AND furnishings? Hoping to find some creative ideas here!

Most Popular Reply

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909
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1,612
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Avery Carl
  • Real Estate Agent
  • USA
1,612
Votes |
909
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Avery Carl
  • Real Estate Agent
  • USA
Replied

Check out ClearBanc! I have heard of arbitragers using them to finance the furniture for their leased STR's.

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