Buying a laundromat has interested me for years.

They don't even need to buy anything.

Amenities also drive demand to a rental and its much easier to have something like a pool if you are in a complex.

Assume a 5% appreciation, and the new PV would be $2.1M vs. just $735k.

New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. 

Ensure you have a solid understanding of the renovation costs and timeline.- **BRRRR (Buy, Rehab, Rent, Refinance, Repeat):** This strategy can be lucrative, but it requires careful planning and execution.

We can provide a complete list of our qualifying criteria upon request.

Also, if you buy using a hard money lender or cash, Zach Starnes can do re-fi's off the appraised value shorter than the typical 6mos and then you might not need any money down if you buy at the right price.

Any article on the internet should be taken with a grain of salt and up to your discretion on how you want to take it and want you can gleam from it :)

We're trying to decide whether or not to pay it off or save to buy another property.