There are people on this board who have the luxury properties you are in need.

Hi Derek, the natural gas fireplace inserts look much better, maybe even luxurious.

The name escapes me ;-)This is not a comprehensive list and yes, I like the words awesome, huge and the ;-) emoji.Downtown Phoenix has and still is attracting droves of Silicon Valley tech companies due to our attractive pricing, taxes, living- and working environment.Scottsdale has been the world center of HNWI and UHNWI and their luxury-, equestrian-, vintage car-, golf- and art-gatherings in the world.

I'd like your advice on my thinking, and would also be interested in knowing more about other hard-money/private options available in my situation.Here's the scenario: Project: Upstate NY, 3-unit/12-br multi-family mansion - complete gut, rehab, and change of use from 2 to 3 family Purchased: 115,000 ARV: 375,000-400,000 Held by my LLC, not personally Project Status: Rehab is currently half complete.

The quality of tenants also seem to be much lower even in the nice areas compared to what I see here (and most of my stuff are small condos in Lowell, so not exactly a "luxury" market here).

If that amount of time is less than 2-3 months, you're probably best to stay ultra-liquid, meaning a savings account or money market account.If that amount of time is likely 4-12 months, you're probably best to use a short-term CD (though I'd still leave it in a savings account).If that amount of time is likely 12+ months, that's when you can start considering alternative investments.

Dawn, you're living in luxury!

Then a mini-mansion.

It was a new luxury ocean front condo selling by the developer.

However, except for the once in a lifetime great buy, you will end up with low income property with low price appreciation potential.Assuming a 50% net operating income, the 2% rule yields 12% return on purchase price, as if purchase price is paid in cash.On residential investments I buy class A high rise luxury condos, and expect a 7-8% return.