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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet Subscriber,
Thank you for your continued support as we strive to deliver the most accurate vacation rental and multi family investment insight and prospects along the Oregon Coast and beyond, hosted by OR & CA RE Broker Anthony AJ Wong.
🚨 BIG Mortgage News:
The 10 yr Treasury collapsed over the past two weeks below 4% to 3.84% (at the time of publishing.) The effect of mortgage rates has been significant with the average 30 year mortgage rate hovering around 6.5%
Cash out refinances are on the rise. In the past few weeks our strategic lending partner NMB has helped facilitate several healthy investment property refinances for borrowers looking to utilize their equity positions for portfolio expansion. Utilizing DSCR (debt service coverage ratio) investor loan programs, borrowers can tap equity with no proof of income. The loans are qualified based on the properties income or potential income as a long term or short term rental.
Our vacation rental clients continue to perform! All of our previous STR client’s (25+ and counting..) have or are in process of launching their vacation rental properties. For a full list of previously sold properties and a general STR overview visit our website HERE.
Still in the shopping process? Book a stay at one of our client’s live AirBnB’s! And let’s schedule a end of summer tour! 👍🏼
Oceanview and access to water STR’s remain a prime investment category often with high competition and often short windows to tour, offer and close but fret not! Our HOT Sheet has never been deeper, at present we’re showing 170+ eligible STR properties along the 400+ mile Oregon Coast with roughly 1 in 5 pending. Browse ALL active and eligible Oregon Coast vacation rentals listed for sale on our invite only STR HOT website SESEMI SHEET updated daily! Text for secret passcode.
Selling a property sometime soon? Supercharge your 1031 exchange search with our www.oregon1031X.com website featuring HIGH ROI properties including: Apartment Complexes, RV & Mobile Parks, Storage, Industrial, Commercial and Development Opportunities.
📝 The Rise of Mid Term Rentals
Before AirBnB there were seasonal or furnished monthly rentals. As any STR operator can tell you, a five star vacation rental takes work and persistence. It’s not for everyone, but that doesn’t mean that vacation rentals investments are not a viable asset class. In Oregon and beyond, the increasing rules and regulations regarding occupancies of less than 30 nights can be restrictive in location and investment options. Although we specialize in nightly vacation rental sales, we’ve personally and professionally had very high success with furnished monthly rentals (without the management expense or hassle.)
For investors seeking a true second home and to offset or carry housing costs, mid term rentals (MTR’s) can provide more robust investment location options and comparable return on investment (after factoring in property management costs.) On the Oregon Coast in particular there is a genuine housing shortage and a lack of quality, furnished rentals that tenants can occupy for extended durations. Investors considering the Oregon Coast should analyze the mid term income rental potential for their most desirable property prospects that might not be STR eligible.
🏘 Here are NINE FRESH STR Picks this week on the OR Coast: