Colorado Home Team LLC
Paul Olthoff, Colorado Home Team LLCPhone: (303) 521-7223
Email: [email protected]

Want to Invest in Luxury Real Estate? Here Are 3 Ways to Start

by Paul Olthoff 12/07/2021

Real estate investment opportunities come in many forms. Whether you own and manage a rental property, own shares in an investment trust or anything in between, it's possible to get great returns on investment. High-end or luxury real estate has always been considered a profitable way to go in investing. But how do you get started? Here are some ways you can invest in luxury real estate:

Flipping a Mansion

Flipping isn't just for fixer-uppers. Investing time and labor into a remodel for a luxury property can bring big returns. However, there are some potential challenges, like lack of available inventory and high competition. If you can negotiate good financing terms and spend efficiently on materials, flipping a mansion can be a significant investment.

Luxury Condos

Buying and renting out luxury condominiums is a common way to invest in real estate. However, one trick to this strategy is to focus on lifestyle in addition to the property itself. For example, amenities like gyms, swimming pools, spas and other convenient services boost the value and desirability of a property.

Vacation Rentals

Luxury vacation rentals can bring in excellent seasonal income and hold on to their value if located in desirable vacation spots. Locations with plenty of tourism are the best places to begin when seeking a luxury vacation investment. Tropical islands, ski resort towns and destination cities are all the areas to consider. One key to a great vacation rental is to make sure it's comfortable for a wide variety of potential tenants. For example, family-friendly rentals might attract more business by offering more space and flexibility.

There are many approaches to investing in real estate. If you're interested in going the luxury route, these are just three ways to begin your journey. 

About the Author
Author

Paul Olthoff

About Paul Olthoff, BS, GRI, MCP, SFR, CMRS

We want to turn a real estate transaction everyday into a personal experience where everyone feels like family. We make it our mission to get to know our clients, their needs and provide top-notch service. Started investing in real estate when I was 18 in high school with my dad and have enjoyed it ever since.

We as a team have over 30 years of real estate business experience in the following specialized areas:

* Buyers
* Sellers
* Investors
* Property Management
* Foreclosure Solutions
* Refinancing Low Rates
* Loan Discounts ($3,000 credit)

Also, I am a Colorado native, Veteran and have enjoyed living here most of my life. As a native, I have been Colorado grow and change, observe trends and gain an understanding of Colorado's problems. Have a clear view of Colorado's future and what it can mean to you. 

So when you decide that you would like to buy, sell, invest or refinancing, please call/text Paul at 303-521-7223 today!