Best Place To Purchase an Investment Property

Where in Irvine is the best place to buy an investment property?

  • Where in Irvine is the best place to buy an investment property?

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  • Investment Property Purchase Options?

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Cash flow or appreciation?  Ideally both.  Not sure much in irvine cash flows at 20-25% down.
 
Sorry for such a vague question. I'm more interested in appreciation and long term tenants? I was thinking of Orchard Hills if I can get into one of the early phases.
 
Irvine is generally a poor investment location...prices are too high, a lot of costs and taxes, and lots of competition from FCB owners and TIC apartments. 

If I had to pick, it would probably be somewhere in West Irvine or Woodbridge.  No mello roos and probably lower prices.
 
Legit949 said:
Where in Orange County would you look to by an investment property?
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Aliso Viejo, Laguna Niguel, Costa Mesa, Huntington Beach, Foothill Ranch....basically any area that is centrally located and that has decent schools.
 
Legit949 said:
What do you think of Mission Viejo?
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Meh, schools aren't as good and it gets super hot in the summer.  I'd say Costa Mesa, Tustin/Tustin Ranch, and Santa Ana (right by South Coast Plaza) are your best bets since the location is very central and close to the freeways.
 
USCTrojanCPA said:
Legit949 said:
Where in Orange County would you look to by an investment property?
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Aliso Viejo, Laguna Niguel, Costa Mesa, Huntington Beach, Foothill Ranch....basically any area that is centrally located and that has decent schools.
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You left out Fullerton.

@Legit: Just kidding about Fullerton... those are for vacation rentals, not investment properties.
 
No problem, I'm looking into Aliso Viejo and Laguna Niguel right now. I've been to those cities and and like a lot of the things they have to offer. I'll have approximately $500k in the future and would like to buy a couple properties...I just assumed Irvine would be the best place to invest.
 
Legit949 said:
No problem, I'm looking into Aliso Viejo and Laguna Niguel right now. I'll have approximately $500k in the future to invest into a couple or few propertues.
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I would recommend diversifying.  Calculate what your breakeven point would be with 1-month of vacancy and 3% of the price for R&M and estimated depreciation to determine what loan amount you should get.  That way, you'll be cash flow positive but be tax neutral. 
 
Legit949 said:
Diversifying buy purchasing homes in different cities? Thank you so much for the advice!
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Yeah, that's what I would do if you want to have the funds to do it.  Also, don't buy them too far from where you live if you plan on actively managing the properties yourself (otherwise have family members who live by the properties so they can take care of them for you).  I speak from experience being a landlord.  Feel free to PM or email if you have any other questions or if I can help in any other way.
 
Legit949 said:
No problem, I'm looking into Aliso Viejo and Laguna Niguel right now. I've been to those cities and and like a lot of the things they have to offer. I'll have approximately $500k in the future and would like to buy a couple properties...I just assumed Irvine would be the best place to invest.
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If your focus is appreciation and not cash flow, then Irvine might be the place to buy.  You'll have to put down 30-40% of most properties in Irvine to be breakeven on cash flow when you factor in for 1-month vacancy and R&M expense.
 
Getting closer to retirement, I think I'd rather focus more on cashflow. It's more appealing to me to buy more properties with 20-25% down as opposed to 1 property in Irvine with 30-40% down. Although, I love living in Irvine! Beach cities look great too!
 
the best cash flows will be in santa ana, anaheim, orange, older parts of tustin, and like USC said Southcoast metro.
 
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