5 Signs of A Hidden Real Estate Goldmine In Orange County

Finding a hidden real estate goldmine is every investor’s dream. The key is to find the properties others may have overlooked. We will provide you with tips and strategies to find these hidden goldmines in our latest post!

So what separates a property from being a potential goldmine from being a pocket drainer? Just because it looks like a good deal on paper, doesn’t mean it is so. There are a few critical points to consider before making a purchase of a house in Orange County.

The Location Is Ideal

When you are dealing with a property in an incredible location, sometimes it pays to invest no matter what state the property is in. Sometimes, the land might be worth more than the structure itself! Work with a contractor that you know and trust to help you create a repair estimate. Then take a look at what other properties are selling for in the area. If you are able to fix up a worn down home in a thriving and popular location, you are sure to see a substantial return on your investment.

School Ratings

Great schools are a tale-tale sign of a great neighborhood. Families will usually factor in a school’s rating when they make their decision about where to move. Even if you don’t have kids, researching the area schools will give you a good idea of the neighborhood. You will likely find many families who are ready to put down some roots. On the other hand, homes near colleges and universities will likely have a higher turnover. If you are looking to rent out a property in a college area, take this into consideration and take the appropriate steps to ensure you always have a renter occupying the house.

Good Bones

Often times a beautiful home might be covered with bad wallpaper, stained carpets or a worn down and dirty facade. Bad cosmetic features can quickly turn off many buyers, thus causing the seller to drop the price. Look for ugly houses with good bones and you will likely find a real estate gold mine. So long as the repairs are strictly cosmetic, and the structure of the house is sound, buying an ugly house can be an incredible investment. Don’t waste your time on a house with structural problems. These will often lead to expensive repair bills for items you hadn’t even planned for.

Low Vacancy Rates

If you are looking for a real estate goldmine, you should take a look at the vacancy rates in the area. What is currently available? How long are properties being listed (for sale or rent) before finding a tenant? You will want to invest in an area that is in high demand as to ensure you will be able to quickly find a qualified renter or buyer.

Other Area Tenants

What kinds of businesses do you see in the area? If there are businesses in the area such as Starbucks and Whole Foods, it is safe to say it is a good area. These businesses spend thousands of dollars to scout good locations. They will not make the investment in an area they don’t perceive to be profitable. Take a page from their book when scouting areas for your real estate investments.

Future Development Plans

What will the area look like in 5, 10 or 20 years time? Contact your local building department to learn more about development plans in the area. A new shopping center, roads and infrastructure and even proximity to schools will all have an impact on the property’s value.

Are you ready to buy a Orange County house? 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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