How To Tell If Your Should Hold Or Flip Your Orange County Investment Property

As a Orange County real estate investor, you’ll need to determine if a property should be held or resold. While some are great long-term, others are not. In our latest post, we will take a look at some signs to help you determine if you should hold or flip your Orange County investment property.

Let’s say you just bought a property at a great price, but now what? Whether you decide to hold the property, renting it out as an additional form of income, or you buy, repair and flip, you’ll need to know what you’re getting into. Accurately estimating costs, padding your budget, and buying within your means will get you started, but you’ll need to learn how to play your cards. Below we will look at some signs you should hold and some signs you should flip your real estate investment in Orange County.

Signs You Should Hold It

Steadily Rising Markets

Take a look at what real estate has done over time in your neighborhood. Even with some sudden drops in values, if the overall price is continuously climbing, it might be best to hold, at least for a bit, to see what transpires. A market that is consistently rising, can help you to see some great profits over the long-term.

Extra Income

Renters will basically be paying your mortgage while you build all the equity. If you aren’t losing money, and the potential is there to make more down the road, holding it may likely be your best option. There is a chance the house may be vacant in the future or that you won’t be able to sell it down the road. Take advantage and earn as much extra income from the property while you can!

Long-Term Renters

When you have high-quality, long-term renters in place, who are covering your costs of ownership, you’re not going to want to mess up a good thing. When you have long-term tenants in the house, the only reason you would likely want to sell would be to fund a new investment. Before selling a property with renters in place, make sure that what you decide to do with the money instead will be just as profitable. Great tenants can be hard to come by, so when you have them in your Orange County investment property, it can be best to hold on!

Signs You Should Flip It

Profit Potential

If you ever get the chance to sell an investment property for a huge profit, it’s definitely worth looking into. Take a look at why the sudden rise in value. Should you hold out for even longer or sell to be safe? If you decide to keep the property, you won’t have any guarantee you will be able to receive as much if you opt to sell in the future.

High Ownership Costs

If your ownership costs are rapidly rising, it might be time to put your money into another investment. Sure, some of your ownership costs can be offset by raising the rent, there are limitations on how much you can charge and how quickly the changes can go into place. If high taxes, maintenance, never-ending repairs, and high vacancy rates are costing you, it might be time for a flip. You should always make sure you will be able to consistently be able to generate enough income from the property to cover any holding costs associated with it.

Do you want to learn more about whether you should hold or flip your Orange County investment property? We are here to help! Get in touch with us today to learn more about what we can do for you!

Joe

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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