Updated almost 8 years ago on . Most recent reply
Costa Mesa or Orange?
#3 Coronavirus Conversation Contributor
- Los Angeles, CA
Question for OC connoisseurs: If you want to invest in a buy-and-hold SFR under $800k and for some reasons (family, personal) you have to either do that in Costa Mesa or Orange, where would you invest for a higher appreciation in a few years? (cap rates are quite similar).
Which of these 2 cities is under-valued and will grow faster, in your opinion?
And Why?
Most Popular Reply
Kevin Lefeuvre first of all I would caution you and anyone on a buy and hold strategy here in Orang County. The numbers do not make sense.
However if you are going to buy then buy Costa Mesa. Simply the closer you get to the ocean the more you will pay for the property and the more appreciation you should see.
Good investing.
- Joe Homs
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