One of them was a luxury housing developer, and he basically laughed at me when I said I was considering buy and hold multifamily, saying there was no money in it.

There are a lot of luxury style apartments being built in the area to help with the demand and I think once they are all done there rent prices will drop which will affect the B class rental prices. 

I'm building a low-end luxury home.

On the other hand, if you have a strong list of 1,000 buyers ready to go who aim for that price point, a short sale does offer the luxury of extra time to find a buyer on it.  

The waterfront is intriguing- and more expensive.The city is going to increase taxes on 3 family owners I heard in the city paper recently.. that is worth looking into.Facts about Chelsea:They are about to build another luxury apartment complex in Chelsea with around 700 units.FBI building is complete.Silver line completion is nearing. 

This is because the luxury brand attracts higher-end clients/ bigger transactions and also because my brokerage takes care of everything: software, marketing, staging, photos, yard signs, CE, compliance, etc.

ATX-$5,671 as of 2023Location:Easy to get toIdeal near churches/schools/close to familiesMetrics for how many senior are in areaLook up to see senior safety and numbers/quality of life in round rockSome key things for senior to do in the areaProperty:Clean and invitingPhysical spaces(public/private areas)Kitchen(services offered,dining space)Amenities and activities for the homeStaffing:Hands off; oversee and manage the manager approachHire staff to be hands off from day to day operationsHire licensed admin duties:hire/fire/train staffTours of facilityWeekly meetings with me to go over businessCaregivers Chef Activities:Social interactionMind:AudiobooksBoard gamesMusicBody:YogaWater aerobicsLow resistance band trainingInvesting in activities to keep them vital, active, happy, and healthyFood:Number 1 or 2 most important activity in the homeNational average per person per day is $7-$10/dayHave a chefMade to order breakfast, set lunch(few options), and quality made dinner optionsChef adds the luxury feature for residents improving quality of healthGreat selling point for the familyCan have option for family dinners once a week(optional upsale)Reserved dining timeFirst come first served time slots60 minute reservation times maxOnce a week onlyFacilities:garden care facility-DenverHampton senior living-round rock(closed)sundara living-round rockBusiness plan key details:Business & Operational plansTypes of clients i’ll be servingLevel of supervision & assistance business will provide Level of care/home setup for ADL home will provide How business will manage day-to-day the personnel, clients,and business activitiesDaily schedules, structured activity programs and emergency policiesFinancial assessment of your current assets, fee structures and accepted payment methods

But what this picture tells me is that the luxury market here in Flag has massive appreciation potential for those that partake.  

But I also dont think we wil see sub 4% rates again, maybe ever.Our local market is doing extremely well economically and is not depending on one particular industry: Wisconsin has a 2.6% unemplyment rate and the State budget has a billin dollar surplus lawmakers are fighting over on how to best spend (luxury problem!).

March 16th at Urban Lodge in Manchester at 6:00PM