It’s no secret to Orange County Realtors that the real estate market in this area is hot right now, and as top real estate experts, with an intimate knowledge of the Orange County real estate market, we get asked the question all the time: “is it better to buy and hold or flip?” and the answer is “it depends”, here’s why.
Why You Should Buy And Hold
If you’re a conservative real estate investor, and you want to get the most from your investment, you should consider buying and holding onto the home that you purchase because, the Orange County real estate market is rebounding and the value of the home that you buy is only going to go up.
Why You Should Flip That House
Yes the Orange County real estate market has rebounded and it’s also hot right now. Why? Thanks to a low inventory and high demand, many homes in this area are receiving multiple offers and once you buy, fix up and sell a home in 90 days or less, you can expect possible multiple offers and a nice return on your investment in the home that you flip.
What To Do Before Flipping A Home
Before flipping houses always make sure that you will be able to enjoy a solid cash on cash return and that the home you purchase and flip will yield positive cash flow for you.
The key to success with house flipping is research; research and more research so before buying a home to flip it make sure you do the following:
- Research the neighborhood and do a comparable (Comp) analysis of what homes have sold for recently.
- Inspect the home, apartment or condo that you plan on buying and make sure that it’s sound structurally.
- Work with a top Orange County realtor because, a realtor can help you to sell the home quickly and take a huge burden off your shoulders.
To learn more great tips on buying or flipping an Orange County home, contact Fred Sed & Associates today at (949) 272-0125.