White Water Realty, Inc. is the number one trusted company for investment properties in Dana Point. Since 1973, White Water Realty has been dedicated to providing high quality real estate services throughout Orange County. We pride ourselves on our superior customer service and extensive knowledge of the real estate market. We specialize in homes for sale, homes for rent, investment properties, condos for sale, condos for lease and vacation rentals in the cities of San Clemente, Mission Viejo, Laguna Beach, Dana Point and San Juan Capistrano. Our team of real estate professionals will help you find the perfect investment property in Dana Point to meet your needs.
Investment Properties Versus Second Home
An investment property is a real estate property purchased with the intent of earning a return on the investment either through rental income, the future resale of the property, or both. The property may be held by an individual investor, a group of investors, or a corporation. There are several different types of investment properties including residential rentals, commercial properties, and “flip” properties.
You may wonder how an investment property may differ from a second home. A second home is a residence that you intend to occupy in addition to a primary residence for part of the year. Typically, a second home is used as a vacation home, though it could also be a property that you visit on a regular basis, such as a condo in a city where you frequently conduct business.
Often, to qualify for a second-home loan, the property must be located in a resort or vacation area (like the mountains or near the ocean) or a certain distance from the borrower's primary residence.
Second-home loans typically have a lower interest rate than investment property loans and will usually include a Second Home Rider along with the mortgage. This rider usually states that the borrower will occupy and only use the property as the borrower's second home, that the property will be kept available for the borrower’s exclusive use and enjoyment at all times and the property cannot be subject to any time sharing arrangement or rental pool.
City of Dana Point
The City of Dana Point is a coastal community located in Orange County. It is located midway between Los Angeles and San Diego, making it easily accessible from almost anywhere in Southern California. Dana Point’s beautiful climate and variety of attractions makes it a popular vacation and tourist attraction. Dana Point has a wide variety of potential investment properties from condo units, commercial buildings, vacation homes and more.
Why White Water Realty?
Choosing the right investment property in Dana Point that will meet your financial goals is a big task. Let our team of expert real estate professionals help you. Contact us today to learn more about our services.