Ann Arbor, MI · Member since 2017 · 109 posts · 52 votes
I am a new BP member & investor looking to learn as much as possible and expand my real estate portfolio. A few years ago I inherited a couple of rental properties (condos) in Southern California so I have some experience as a landlord, but zero experience in analyzing & buying real estate investments. I have the finances and ratios worked out on our current rentals. Now I have decided that I would like to start adding to our real estate portfolio so I started researching and found BP. I live in the Ann Arbor area and am comfortable with both the Ann Arbor/Washtenaw County and north Orange County areas. My goal is to make my first purchase this year. My current interests are in buy & hold properties either SFH, condos, or multifamily.
at this stage in the real estate cycle make sure the rentals are going to be good for long term holds. North Orange County have many properties that are older on bigger lots and you can add value. That should for sure help.
Welcome to BP @Michele Green! I grew up in Ann Arbor so I am very familiar with the area. I do a ton of marketing in and around the area and I am also a licensed agent. PM me if you would like to connect.
at this stage in the real estate cycle make sure the rentals are going to be good for long term holds. North Orange County have many properties that are older on bigger lots and you can add value. That should for sure help.
@Michele G., properties in north Orange County are a mixed bag, very much dependent on which city, which neighborhood, age, HOA, etc. There are few, if any, cash flowing properties in north Orange County without a significant down payment.
Thanks for the advice. Part of what stopped us from trying to add to our portfolio was the high cost of property in north OC. Our condos are in Placentia and Diamond Bar. I am currently in the process of researching which areas would be better investment areas since those areas seem to be high priced areas.
It will be very difficult to find cash flow in oc, unless ur down is 50% or so. The best area in north oc is the Anaheim downtown, area and around the angel stadium and Honda arena area