Our BiggerPockets book, Lend to Live (written from the lender's perspective) is great for understanding how lenders evaluate these terms.A few BP resources that directly answer your question:BP Calculators — Run your deal through these and export reports.

When evaluating laundromat deals, looking beyond top-line revenue is critical to understanding the real opportunity and risk.

Want me to DM you a quick framework for evaluating MTR vs STR revenue during disruptions?

But when your in the path of progress, progress happens. 

Local boots on the ground are non-negotiableOut-of-state owners fail in Detroit when they rely on:Remote PMs with no accountabilityOne-off contractorsYou need someone local who drives by, checks progress, and treats eyes-on as part of the system.5.

So an honest assessment of future needs is required to correctly asses whether a deal is viable with your current operations plan.Curious to hear from others who have been through this, Did you evaluate future scope?

Looking forward to seeing your progress and contributions along the way.

Just a heads-up—bonus depreciation can be claimed up to 60% for 2024, and it will drop down to 40% in 2025, so that’s something to keep in mind as you evaluate your options.I’m not endorsing any particular company, and I don’t receive referral fees for recommending the one I used.

Waiting is also acceptable but as long as the secondary plan is covering costs then usually progressing is better than being on the sidelines.Good luck! 

Homes are closing at roughly 91% of list price on average, and buyers have more time to evaluate options, request repairs, or negotiate seller concessions.