Networking in Orange County, CA

10 Replies

Hey Everyone:

I'm a working professional based in Orange County, CA at the beginning of my real estate investing journey.  Hoping to connect with local investors, agents, brokers, real estate attorneys, lenders, etc., in Southern CA.  Specifically searching for investors in single family homes for buy and hold, short term rental, and multifamily, in Southern California (LA/OC/SD/IE).  Any suggestions / introductions would be greatly appreciated.  Thanks.

Lots of options in So Cal for these types of investments, I would say the first thing you want to do is to start narrowing down what type of investment you want to make first and how much time you want to allocate to your investments. For example short term rentals are good for immediate cash flow but unless you want to outsource it and pay really high management fees, managing short term rentals will typically take more of your time every week. If you want to buy and hold then it requires less day to day work but less cash flow up front. The multifamily properties are great if you want to house hack but tend to cost more up front so if you aren't living in them, at least if your investing in most areas of So Cal, you'll need a fairly large downpayment to snatch one of those up.  Once you figure out what type of investment you want to start out with them you can start creating the set of criteria that works for you which will allow you to start narrowing down the areas you might be interested in.  The more you can narrow down your niche, the easier it will be to become well versed in one area and that will ultimately make it easier to make a smart investment.

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Originally posted by @Josh Alexander :

Lots of options in So Cal for these types of investments, I would say the first thing you want to do is to start narrowing down what type of investment you want to make first and how much time you want to allocate to your investments. For example short term rentals are good for immediate cash flow but unless you want to outsource it and pay really high management fees, managing short term rentals will typically take more of your time every week. If you want to buy and hold then it requires less day to day work but less cash flow up front. The multifamily properties are great if you want to house hack but tend to cost more up front so if you aren't living in them, at least if your investing in most areas of So Cal, you'll need a fairly large downpayment to snatch one of those up.  Once you figure out what type of investment you want to start out with them you can start creating the set of criteria that works for you which will allow you to start narrowing down the areas you might be interested in.  The more you can narrow down your niche, the easier it will be to become well versed in one area and that will ultimately make it easier to make a smart investment.



Thanks Josh.  Very helpful.  I think first I would like to find a buy and hold or multifamily property. I'd like to house hack. But I am also open to managing a short term rental. I would manage the property myself.  I work a full time job but I am ok with investing more of my time in my first investment. 

At this time most multifamily properties in Socal seem to be out of my price range / down payment, but I could be wrong. I will send you a message.  Thanks!

Originally posted by @Jo-Ann Lapin :

Happy to network and assist . I need to know specifically what types of property you are interested in so cal and what type of condition you can handle . 

Thanks Jo-Ann.  I work in Tustin.  I am looking for single family homes, potentially multifamily, for buy and hold.  And open to converting it to short term rental if it's ideal.  I am open to properties that need some TLC / minor improvements, but not interested in anything substantial/structural/foundation, etc. I will send you a message with my info.  

I think buy and hold is a good option, especially right now in Southern California with just how much properties are appreciating here. House hacking with a multi-family or even a SFR with an ADU is a great way to get started. If you are currently renting, I would recommend purchasing your first property first and then using the equity you build there to then pursue a short term rental. For your first STR I would recommend you manage it on your own first since property managers take such a big percentage of your monthly rental income. Nowadays you can manage your STR using your phone. There are also ways you can get creative with your financing depending on your situation. Good luck on your journey!

@R. Chase I would for sure jump in on some virtual meetups, and some in person (OCFIBI, OCRIEA, and more). Being on BP is huge! Good call jumping in asking the questions and getting in touch with people. Another person local that is great to meetup with is @Joe Homs