Most Luxurious Rental in Buenos Aires - Limitless Palermo Hollywood

[Dick]

Those returns are amazing but it should be pointed out that all of this is much easier said than done. It is almost impossible to first a great property and then have the connections to renovate to the level that they did. Not even talking about the finances to do something like that. I just looked at the spreadsheet and it looks about right based on other friends that did gut jobs like that. Often times you will spend the same amount on renovations as you will on purchase price. That looks to be the case in this one.

How great he shared the numbers. It's very interesting to see. Just have to point out that not many can pull this off in Buenos Aires. It is not for the faint at heart. I heard and seen a lot of horror stories.

I just wish I knew about that company before I bought my apartment. I posted about my saga of buying my place. I didn't know this kind of company existed. Solves a big pain point of dealing with the nightmare of people here. My realtor told me to walk down the street with hundreds of thousands of dollars. Then offered to help carry it!

What a smart business. I didn't buy my property as an investment but will certainly think about buying 1-2 properties here if the ROI is this good.

 

[Peabody]

Hi Johnny. Yes, I already am in contact with Airbnb and they are trying to have someone from Montreal fly down to see both our units to get the LUXE category. It would be the first one in Guadalajara too! And they will fly down to see our Cabo penthouse too for the LUXE category.


Thanks @Jtee125!

Yes, I think people gave up on searching for the LUXE filter for Argentina as it has never had any. It's invitation only. When they heard that I was renovating a house and it would be special they contacted me. They flew someone from Montreal to inspect it. There is a 300 point inspection. I'm VERY proud to be the first and only property in the LUXE category on Airbnb. I'm sure there will be more but I'm very proud to be the first one.

You can see a drone video here:

Hi @Avocado,

I hope you and your family are doing well. Yes, those prices are in USD. We are in the $1,200 a night range already. Our ultimate goal is around $1,500 USD per night. Already for events like weddings we are getting $2,500 USD per night with a 2 night minimum so $5,000 USD which I consider a great deal.



If you want you can read the 113 year old history of the house here. The reporter is a friend of mine who only after I purchased the house I found out he wrote a story about the house a few years ago. He recently contacted me to do a follow up story that he will publish about me purchasing it. I think it's one of the most special houses in Buenos Aires.

El increíble PH que fue testigo de la explosión de un barrio: cómo y cuánto vale la joya oculta que se vende en Palermo Hollywood

Se trata de un propiedad de 656 metros cuadrados. Podría reconvertirse en un espacio cultural, hotel boutique o en un inmueble de uso mixto

www.infobae.com

I love that drone video. This is such a nice property! That renovation looks impressive.