LOI: Easy Deal; Appraisal: Hold My Spreadsheet
- ricklahkar
- May 14
- 1 min read
Broker: It's a light value-add Lender: Please explain the 47% vacancy, 1983 roof, and the sinkhole Me underwriting at 2am: If I add back 'owner optimism' we hit 1.25x DSCR š§®š Appraisal: Congrats, it's worth the purchase price... minus $2M
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