Quinten Posted October 18, 2021 Share Posted October 18, 2021 Do you think investing in a penthouse is a good idea? Like, would it be a good idea to invest in one, and maybe rent it out? I doubt I'd live in one, but I could see renting it out as being a viable option that pays pretty good. What do you think? 1 Quote Link to comment Share on other sites More sharing options...
James Posted October 18, 2021 Share Posted October 18, 2021 Luxury real estate is a tricky market. I have thought about it from time to time. Every matrix I have built myself though shows that the larger the rental the less dollar per square foot can be achieved. I think in a large city that allows vacation / short term rentals a nice penthouse would do great. Anything can make a great investment if you understand the market and what people are looking for. My knowledge is in renting out places long term (1 year plus leases) residential and I have done a bit of industrial over the last 5 years or so. I have thought about breaking into other areas of real estate but have been staying out of the markets as I think things are very expensive right now. Quote Link to comment Share on other sites More sharing options...
Scarlett Posted October 20, 2021 Share Posted October 20, 2021 I always heard this was a gamble. It is kind of like timeshare property. You don't know if or when someone will be willing to put money into the property. I guess in a place like Miami or NYC, it likely does well but not many other places I can think of would see great success from renting out penthouses. 1 Quote Link to comment Share on other sites More sharing options...
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