Where to Invest $600,000 Cash into OC Real Estate?

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Legit949

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Where in Orange County would be the best place to invest $600,000 cash into real estate? Multiple homes? Apartments? Coastal home? Thank you!
 
For investment? I'd put the $ in a multifamily home near Chapman University in Orange. Student housing is impacted, long term/evergreen renter base.
 
- Do you plan to leverage your cash investment with mortgages?
- Are you looking for move-in ready homes or fixer uppers?
- Do you wish to focus on cash flow returns or capital appreciation?
- How long do you plan to hold the investment before liquidating?
 
Thank you for following up...Yes I plan to leverage with mortgages, looking more for capital appreciation, either a fixer or move-in ready...
 
Either apartments (5+ units) or commercial space is your best bet.  You can get financing up to 70-75% LTV with commercial lenders at very attractive rates (they don't offer 30 fixed loans so you'll have to go with a 3, 5, 7, or 10 year fixed loan that adjusts at the end of that period).  If you can diversify and get into more than one property than that much better.
 
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