Most real estate investing forums teach investors to stick to a midrange, 3 bedroom, distressed property because they are obviously cheaper, so you fix them up and turn a profit within a year. However, in today's market the best opportunities are being passed up in "Luxury" Properties! A unique combination of factors in the current market mean a great window of opportunity for turning luxury properties... High-end homes and condos are eye candy for magazines and the media is easier to draw more attention from buyers. This also makes them easier to sell and in many cases faster to flip. Many luxury properties have been much better maintained and protected than the average REO. This means less rehab work, shorter marketing and prep times, and with a lot less risk. One of the biggest challenges for real estate investors today is distressed properties in run-down neighborhoods and in bankrupt communities. Luxury homes and condos are often in communities which take more care with maintenance and which are in stronger financial positions making a safer investment and one which can actually be resold. In this market with the homes on the rise, the values are increasing and higher-end properties are typically the last to suffer from foreclosures, so these will be the first to move, and now is the ideal time to get in on the action. Mortgage lenders have only recently really begun to push hard on the largest loan amounts and follow through with foreclosure proceedings. This means more high end foreclosures with huge spreads, right as the market begins to pick up. As newer investors focus on midrange rentals and low end flips Luxury homes have a lot less competition meaning a better Return On your Investment! A recent surge in jumbo mortgage lending suggests that bigger loans are becoming easier to get versus their conventional counterparts. In turn this means a bigger buyer pool and faster flips for easier deals and more profit...!