I am a residential real estate consultant, primarily centered around luxury listings and investment acquisitions, whether single-family or multi-family.

So before taking that leap and buying that mansion think about it economically and live within your means both in mortgage terms as well as monthly bills for the long stretch.

Most of the new TOD high rises are luxury condos and the one closest to me is trying to sell the condos for ~500-550k per.

The market has everything from turn of the century fixer Victorians for $15K to million dollar mansions.

My niche is working with high net worth to ultra high net worth investors one on one for retail and multifamily .

This is a luxury property that I live in myself right now, this one is also a full rehab and attracts high end renters from downtown, has an 8 ft wrought iron gate around it, new everything!

In my town, Florham Park, NJ, there has been A LOT of tear downs of split level 1,500-2,500 square feet single family homes mostly on 1/2 to 1 acre lots and subsequent re-construction into large mansions.

I'm assigned to the base in the area and as a single person, my salary is more than enough to support me and let me live a life of relative luxury.

The below is an excerpt from one lender's guidelines, I haven't checked directly with HUD on this so I can't say for certain if it's a HUD guideline or investor specific overlay, but I'd lean more toward the former.Ineligible improvements:Improvements for this program are limited and can not include any major rehabilitation or remodeling, new construction such as a room addition, repairs to structural damage, site amenity improvements, landscaping or luxury items (i.e.

@Jerry W.I plan to build luxury units in Alaska on a famous salmon river.