(Pace has YouTube videos about it)Hi @Violet Cobb how’s the gator lending course with Pace Morby going?

I wouldn’t yet fit into the ultra wealthy category.

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

It’s when homeowners who locked in ultra-low mortgage rates during the pandemic hesitate to sell because moving would mean trading up to much higher rates.

This home was located in a zip code that is notorious for its ultra-modern design (though those homes are still sitting for sale).

You will need to be ultra conservative on your numbers and have multiple exits.

I am going to see if I can switch to a local Wisconsin insurance that reflects our local risk level in their premiums.Many of the homes in the Pacific Palisades are 3-5 million, but when you look on Google Street View, most are very modest homes from the 1960s (there are some $20m ultra luxury mansions too), so a lot is the land value, the home replacement value on a 1600sqft may be what - 500k at the most?

For these ultra exclusive co ops the fact that the tenants can turn down anyone for any reason is a big plus. 

On the ground, I've already had a few random feelers for ultra luxury coastal estates here in Oregon and family homes in Eugene from California buyers.

If you have the time to devote to it, direct to seller methods can be very effective, but will take ultra-patience and intensive work.