What is the best Investment Property in Orange County?
Best Investment property? Multiunit apartments, Houses, Commercial?
Public Comments
- The best investment is going to be the one that brings you the most money in the end. Single family homes can be very good. If you are able to buy low and lease for at least 30% over your debt service or sell it for a substancial profit in a short period of time. Multi-units (1-4 family homes) can also be very good. Same concept though as the single family homes. Commercial can be Multi-Unit as well. These include 2 Family and up or can be things like gas stations. These typically require a commercial loan and have higher down payment requirements and even sometimes come with higher interest rates. If you don't have cash to put down...many times you will be stuck with a capital partner or equity partner which in turn makes the debt service to high for it to be profitable. * You also have to look at the area you are looking to invest in. You don't want to buy a house in a rental area that you plan on fixing and flipping. Same as you don't want to buy a house to rent in an area that is not a typical rental income area. Your best bet is to consult a good, seasoned agent or find a REIA (Real Estate Investment Association) in your area that you can join and learn as much as you can before you buy.
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