Hi Mei,I'm Brian Schroeder, a Realtor in Houston serving both high-end luxury homeowners and investors.

That is a great way to upgrade properties, one duplex buys a luxury duplex or a large multi unit or even multiple SFH.

As i see driving down from north, you have insane highrise growth at Journal sq, all the downtown JC area is filled up w luxury condos and the bergen lafayette area around 74 also filling up w lux condos.

A 3br/3ba luxury apartment near a major university.Rent was $2950/mo and it made me $1600/profit per month.With two units and within 2 years, I was making $4k/mo in profit from 2 airbnb’s I didn’t own and I only started with $10k.I replicated this process until I brought on a business partner and hired a full time operations manager and we scaled to a 17 property portfolio between rental arbitrage units, management deals and properties we bought.I did this strategy in my early 30’s and I’m 33 yrs old now.

I love Bigger Pockets and we have a local real estate investors association here in Richmond but I don't think anyone here nor in the investors club is ultra-motivated to help me out. 

It seems easy to compare that property to an apartment but luxury apartments come with amenities (pools, gyms, patios, trash services, etc.) your property won't.

Can you create the same feel on your lot as the luxury homes a 1-2 minute walk away?

This imbalance has led to a tight market, especially in high-demand neighborhoods, driving up prices for newly built homes, not luxury ones, due to rising construction costs. 

I still plan to invest in real estate just not the entire $1.8M, but now I have the luxury to wait for a deal I feel good about.  

For the multifamily deals i made sure to stay away from the A++ and more luxury assets because those people will start to live within their means in the next 9/12 months.