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Tiho Brkan – Global Deal Flow for Family Office Investors [The Business of Family]

The Business of Family

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Luxury Real Estate

I've made a return of 70 % with no debt, just all ecol the old cash deal. I bought it below market value, put my own cash to buy it. Ended up renovating it with my own cash and op selling it. The whole thing took about 18 months. Luxury takes a bitt it's a bit slower. There are no comps for luxury real estate because they can have all kinds of things in there. So you really have to know what you're doing. For high end, you could over capitalize. But for luxury, i would just say, for novices, you should not be going there. It's a very difficult market to do

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