Different Types of Real Estate Investment Opportunities in Orange County
Diversifying your investment portfolio helps set you up for a bright future. You don’t want to have all of your eggs in one proverbial basket. They need to be spread out so that if the market starts to slip, it won’t affect all of your investments. From stocks and mutual funds to gold and real estate, people invest their money into all kinds of different things in hopes that it will turn out to be profitable. However, real estate investing is one of the most profitable investments you can make, if you do it right. Here are a few of the investment opportunities that are available to you right here in Orange County.
3 Different Types of Real Estate Opportunities
Parcel or Lot
There are all kinds of ways that you can invest in real estate. One of the most lucrative ways, if you have the capital, is to invest in a parcel that’s either a duplex or apartment style living quarters or a lot of land that can have multiple units developed. Orange County is a desirable place to live, and due to the amount of renters in the area, it looks like there will be a need for housing in the area for years to come.
A duplex or quadplex gives you the opportunity for a higher return on your investment, as you’re able to collect rent from all of the units on the premises. A property management company can help you capitalize on a great investment with limited liability, as they would handle the maintenance and upkeep of the property. As an investor, this type of opportunity is especially attractive, considering the price tag that rentals get in Orange County.
Single-Family Rental Property
When it comes to real estate investment opportunities, purchasing a single-family rental property is a great way to set yourself up for the future. Certain parts of Orange County like Anaheim, Santa Ana and Irvine are all over the 50 percent mark as far as rent to own ratio. As far as an investment that’s going to reap benefits far into the future, purchasing a rental property in Orange County is one of the best things you can do for yourself. Whether you decide to purchase a condo or a home and rent it out, it’s a great way to earn passive income for yourself with little work on your end. A property management company can work out the details and keep you covered while you earn income on a monthly basis. And as an added bonus of your investment, your asset is constantly appreciating in value.
Flip a Home or Homes
More and more people are starting to explore the world of house-flipping, and it can actually be quite worthwhile. Orange County has quite a few older homes scattered throughout. Homes that need more TLC than first time homebuyers or retirees are willing to give them. Those homes are perfect investment opportunities if you’re willing to put in the capital and the work to see the project through to the other side. DIY projects like home-flipping can be risky, but the risk can be worth the reward if you’re able to put in the work. If you hire a contractor to do the work for you, you aren’t considered an owner-builder and you can flip as many houses as you’d like. This is the riskiest of the investment opportunities, but that doesn’t mean it isn’t profitable. There are just a lot more variables involved with this investment than the others.
Find your Next Investment Opportunity in Orange County
With all of the different investment opportunities available in Orange County, you’re going to want to work with a realtor that has had success in the past. Rosemary Hieber has helped facilitate countless real estate investments and would be honored if she could do the same for you. With more than 20 years of experience and as the #1 Coldwell Banker Residential Agent in Ladera Ranch, Rosemary can help you find the perfect investment opportunity for you. Contact her today to find your next investment opportunity.
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