After all, ultimately an appraisal is only as good as the piece of paper it's written on - the true value is what someone will pay me.All that said, I'd like some opinions on investing in luxury property - how do you experts feel about it?

So ultimately she didn't find it worth her time? 

I have survived phase 1 :D I got my offer accepted for a nice duplex in the Dallas area that acctually has a +C/F.

These would seem appealing because either (1) I would get a much better return or (2) I would ultimately get the property, which would also be good (if it were local).

Own Your Own  5 Manzana homesite With Cabin In The Ultimate Rustic Mountain Adventure Resort In The Cloud Forest Of IntibucaE.

I understand as a wholesaler that my relationship with the select few investors that will survive the slow times may well become my only customers.

As we all know though, the process of a buyer making and offer, obtaining financing (assuming they are not pre-approved), scheduling termite, appraisal, building inspections, and the ultimate closing itself is not wrapped up in a day or week.

so the ultimate excuse (reality) is alot of people are not entrepreneurs and their "employee" mindset will overcome them and thus they will not ever invest in anything other than their time as an EARNED INCOME INVESTOR....and that is a shame...love your question eric - that's a keeper!

I am currently about to get into some private investing, but my ultimate goal is to form an investment firm or business if you will.

You may not enjoy your current job that much but will you ultimately enjoy real estate that much more or is it merely the glamour of possibly making your fortune?