7 Pieces of Advice for New Investors in Orange County

Getting involved in real estate investment can feel overwhelming. When you aren’t sure where to begin or how to get started, you mind end up with nothing but frustration. In our latest post, we offer 7 pieces of advice for new investors in Orange County. 

#1 – Network As Much As Possible

In real estate investment, it’s not always what you know, it’s who you know. By getting yourself out there and meeting a lot of people in your industry, you increase your odds of hearing about potential deals.  Build relationships and let people know about your desire to buy. You can join different networking and investment clubs, or go out of your way to meet people at seminars and events. Talk to other investors and share deals. If there is a deal that isn’t right for you, let others know about it. The favors will be reciprocated. If you are ready to invest in Orange County real estate, really get the word out. You never know who might be selling and by going direct, you will both be able to avoid the costs of working with an agent.

#2 – Know The Costs

You might think that by viewing some reports and running some numbers that you have the financial part all figured out, however, this is rarely true. In real estate, there are always unexpected costs to contend with. Plan ahead and set aside some reserves for the unexpected. Owning a vacant property is expensive. Do everything you can to get a tenant in there or sell the property as quickly as possible. Be sure to set aside extra cash for maintenance and your yearly property tax bill.

#3 – Set Realistic Expectations and Goals

Don’t expect to get rich overnight. Your expectations should be based on reality and not on some get rich quick story you read online. It takes time to really learn the ropes and to make money with real estate investment. Always set goals, but base them in reality, not on what you hope to happen.

#4 – Know Your Strengths And Weaknesses

Sometimes it pays to partner up. You might be excellent at closing a deal but horrible at marketing the property. Knowing who will best compliment your strengths and weakness can be a game changer for many investors. Finding people to compliment your investment style will help you both to win. You will both be able to flourish in the areas you shine, while avoiding the things you aren’t as great at.

#5 – Think Outside The Box

Consider properties of different types or in different neighborhoods. Unlike shopping for a personal residence, when you are shopping for an investment property, it is all about the numbers. You can look in areas you may not have considered for yourself. You might be comfortable with single-family real estate, however, you should be able to spot an amazing deal on a duplex should one happen to come up.

#6 – Build A Great Team

You won’t be able to do it all alone. You will need to have industry professionals you know and trust helping you with the deal. Develop relationships with agents, underwriters, wholesalers, cleaning companies and direct sellers. By having a company such as H&M Realty Group in your corner, you will be able to buy Orange County houses directly, and at incredible prices!

#7 – Be Patient

It takes time to learn the in’s and out’s of your market. The research might take you hours in the beginning, however over time, you will be able to rattle off numbers off the top of your head. Don’t give up if your payday doesn’t come in right away. The best things take time.

Are you ready to buy Orange County investment property? We can help! Send us a message or give us a call today! 949-625-4533


Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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