A Good Deal Starts With a Realistic Investor Strategy
Like any investors, those delving into Orange County real estate want the best possible deal. Great. But investors also need to temper their profit quest with a sound strategy and realistic expectations. Getting a good deal boils down to four essentials:
1. Decide how much you want to spend.
2. Determine your intention. Do you want a portfolio piece or a buy & flip?
3. Know how to recognize a good deal. After determining market value and identifying the desired neighborhood, an investor who gets a property at 10 percent below market value definitely is getting a DEAL.
4. Factor in the REAL numbers. How much are expenses, upgrades, commissions, rents, etc.?
I gained a few additional insights from John, a full time courthouse steps investor. According to him, if you make 10-15% on a foreclosure, you’ve done mighty good for yourself. Remember, the key to making a profit is how fast you can move the property or turn your money. 
John added that many investors seek unfinancable condos. That’s because the more difficult it is to buy a home, the more its value drops. Many investors buy condos to hold for 5-10 yrs, hoping the hoa recovers and the property significantly appreciates. He pointed out that condos in college towns are in fairly high demand because of their proximity to the local campus.
If you’re scouring the marketplace for investment possibilities and want to do some number crunching, I can provide you with a very useful spreadsheet. Just call, tweet, or email me at 949.338.7408, @AngieWeeks, @WeeksTeam, or angie@askangie.com. I’m ready to assist you in any way I can.
Orange County Real Estate Success 
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