Rookie real estate investor looking for some advice:I purchased a duplex in Grand Rapids, MI last October (2023).

The real estate industry has changed a lot in the last 5 years and many real estate brokerages are going down the same path as commercial brokerages.

They loosen the guidelines last year and made it much easier to get ADUs permitted.The other major risk by not permitting is if you decide to get it permitted later on, it is likely going to be more expensive.

With cast iron it's safer and can last longer.

But if you are ever in town on the last Friday of the month, reach out.

I'm considering increasing that last one as property values go up.

They want to sell based on the last 6 months to a year of cash flow, but SBA needs to see more history.Overall, you stand a greater chance of using an SBA loan to buy a larger laundromat.

You wouldn't believe how last-minute bookings are right now.

You just cannot start it on the last week of December and pay them for the work you suddenly "remembered" they did for you all year.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.