Year-to-Date luxury sales closings are on the verge of surpassing both 2013 and 2015 results and are up nearly 42% over last year.

With prices this high (400-550k), you’ll never find tenants who will shell out 5000/month POST tax.Rents have ceilings unless you’re in a ridiculous neighborhood and offer luxury amenities.

I had the luxury of having another person figure it out initially and then show me.

See in Brooklyn exposed brick is seen as a luxury item.

These are people who are probably used to staying at 4 or 5 star luxury hotels and would not want $1 shampoos.

The owner got it approved for a 24 unit condo conversion, but would rather sell, then go through the year long process to build these units.Fact: luxury condos sell for 120k in Norfolk if built right and correct ammentiesFact: There are two bases, five shipyards and 7 major boroughs with in 30 miles of this land.Fact: I would have to demolish the current buildings and then start the project.Fact: most condos take about a year to build in the areaWhat would be my next step if I got funding?

You do not have the luxury of looking at the portfolio of properties and carving off what you don't want. 

Based on Craigslist it looks like luxury 1bd apartments are renting for around $1,250/ month in that area and non-luxury units are closer to $800/ month.

Fortunately we have the luxury of taking on some risk for the potential of higher return.

Hi guys, I'm new to the BP. been to the sheriff auction in Dallas few times and bought couple of properties through the sheriff sale (the ones behind their taxes - most of the cases start with TX-)I have seen some cases were won through civil court being sold through the sheriff and im kinda confused a bit in this regard.my questions are:1-I have seen By Virtue of order of sale and By Virtue of writ of execution what is the difference between them if I win at the auction?