Jump to content

Penthouses a good investment?


Quinten
 Share

Recommended Posts

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. 

 

Link to comment
Share on other sites

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.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...