BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 2 months ago on . Most recent reply
BRRRR financing for an Airbnb set ups
Hello,
For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR? the costs for the Airbnb furnishings could be anywhere from $20K- $30K.. are hard money lenders willing to include this amount in the initial loan?
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Quote from @Marc Shin:
Hello,
For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR? the costs for the Airbnb furnishings could be anywhere from $20K- $30K.. are hard money lenders willing to include this amount in the initial loan?
I cannot imagine anyone would finance chattel, meaning personal property. But, even if someone was I would imagine the financing terms you can get a mid level furniture store would be much better then a hard money loan anyway.
- Jay Hurst
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