Orange County - Intro

[Michael D.]

Hi all. I'm new to the BP community. I'm a bank lawyer and also a broker, which license I obtained when I bought my first personal residence years ago and maintained over the years for occasional deals. Used to own a vacation rental, which I since converted to a traditional rental here in Laguna Niguel. I've never viewed myself as a pro REI however, but at least I have a good foundation to start from.
I'm ready to expand and buy a second or maybe even a third property, likely a SFR or multifamily, but in a methodical and business-like manner, so here I am starting to grow some roots in the REI community. I've already signed up for some virtual meetups and look forward to "seeing" some of you there.

[Christine Kankowski]

Hi Michael,   I have a bunch of clients from Orange County who are investing in Temecula/ Murrieta area, since it is about half the price of Orange county. Pros:  Great Schools, low crime, lots of renters so minimal down time. growing communities of 110K people each. driveable to OC and San diego.

Cons: rents are lower, but that matches the purchase price. 

I've been investing in this area for 10+ years and rental rates have steadily increased. Great area to start your research.

Christine