Account Closed That is very true, I guess that's the luxury of owning real estate. 

@Nicole Pettis -> Okay , what I was trying to say in the current market to me personally low end properties have great cashflow versus middle income properties bring in higher rehabs profits Maybe because it’s more competitions here locally flipping under $99,000 properties Less competition here flipping $100,000 - $500,000 plus Yes we all need to start somewhere ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ low -> medium - > luxury properties sfr -> small apartments -> medium-> 100+ units 100 plus units -> medical complexes -> strip malls strip malls -> new development ( etc ) As everyone said a lot of single hits our better than sitting on the couch If I had a five million dollars today:I would invest in both low and middle income properties How can I say this without hanging myself : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Dawn A. performing buy-hold mostly under $100,000 J Scott & Robert Taylor mostly performing $100k - $500k+ flips So when you’re hitting singles then move up to home runs remember us small people :)

With so much uncertainty and risk in the current economy, having a steady income is a luxury.

I am extremely impressed by the support I have seen on BP towards other investors and I am looking to build repoire and support with other like-minded people.I am an established real estate agent in New York specializing in modern luxury homes, mostly in Manhattan and Brooklyn.

If you are aiming for a luxury STR, hot tub is a great deal as people tend to take a better care of your property.

It has the essentials, nice to haves, then luxuries.

Remove luxury items such as garbage disposals and sliding screens to prevent maintenance requests.

By virtue of higher prices, you will have a larger loan, which means each month, a larger amount will go towards equity. 2.

I know of a luxury estate right now that was appraised at 2.2mil last summer and now its a short sale for 1.2mil and its been on the market for quite a while and I have been told that the owner is getting close to foreclosure.

But in my luxury rentals, it's a whole different universe.