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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.
📍 Real Estate Investment & STR News:
Mortgage rates reached their lowest levels in 15 months with the 10 yr Treasury holding yields below 4% to 3.85% (at the time of publishing.) The average 30 year mortgage rate is hovering just below 6.5%, ARM’s are available in the 5%’s and investment and DSCR rates are dramatically lower than in recent memory. All expectation are for a formal .25-.5% interest rate cut at next month’s FED meeting.
NAR Buyer’s Broker Rules went in effect this week on 8/17/24. The intention of this rule change was transparency (primarily that sellers can no longer offer BAC publicly on any MLS) and has already influenced transactional strategy and placed additional due diligence requirements for brokers and investors. There are several additional considerations for investors that we will expound on later this week in a full blog series. Feel free to connect with questions!
More single women own homes than single men in Oregon. Census data shows more than 12% of homes in Oregon are owned by single women, compared to 9% by single men. Affordability is what makes Oregon’s market attractive to first-time single women buyers.
What AirBnB Apocalypse? 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?
And let’s schedule a end of summer tour! 👍🏼
🆇 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.
🚜 Oregon Farmland & Timberlands - The next BIG asset classes?
The latest data made available by the USDA Census of Agriculture show that the value of Oregon farmland has increased by 23% over a five-year period, compared with just 7% nationally.
🏘 Here are TWELVE FRESH STR Picks this week:
240 NE Rebel Rd Waldport OR - 2/2 1008SF updated. Asking $415,000.
560 NE Commercial St Waldport OR - 4/3 1744SF - Within city limits STR eligible and updated. Asking $439,000.
5525 Ocean St Bay City OR - 2/1 1784 SF. Confirmed STR eligible per city as of 8/21/24. Asking $469,000.
460 16th Ave Seaside OR - 4/2 1596SF - Eligible for county STR permit. Asking $525,000.
4624 Joshua Ln Florence OR - 3/2 1195SF. Close to beach and STR eligible. Asking $555,000.
1539 Tamarak St Florence OR - 4/2 2124SF. Walk to trails. STR eligible. Asking $575,000.
16425 McDonald Dike Rd, Nehalem OR - 2/2 1659SF - Riverfront. STR eligible with Tillamook County. Asking $675,000.
1353 N Pacific Ln Rockaway Beach OR - 3/2 1464SF Oceanfront STR with transferrable permit. Reduced $849,000
42512 Gull Rd Port Orford OR - Oceanfront on 2+ Acres. Curry county eligible. Private well and septic. 40+ minutes to Bandon Dunes. 6-8 months to permit. Asking $935,000.
2569 SW Coral Ave Lincoln City OR - 3/5 2228SF - Olivia Beach VRD zone outright. Sold furnished. Asking $1,075,000.
79233 Ray Brown Rd Arch Cape OR - Oceanview 4/3 eligible for county permit. No duration restrictions* Asking $1.375M
333 Pearl St Eugene OR - 6/3 Downtown remodeled Victorian. Asking $1.5M
🏔 BONUS: 4/3 Luxury Mt Hood STR! - Asking $945,000
🏘 BONUS 2.0: Quality Six Plex $86k AGI - Asking $862,000
👁🗨 Our exclusive STR HOT SHEET is updated daily and features 100+ active and off market vacation rental properties for sale. Search 24/7/365 at www.sesemisheet.com Text 541-800-0455 for the secret pass code!
Thank you for reading this week’s edition of Sesemi STReet your premier information source for vacation Rental and investment property insight throughout Oregon & California.
P.S. As a licensed NMLS mortgage broker and VP of Business Development with Nationwide Mortgage Bankers we cohesively support investors with curated loan programs. If you are in contract or considering an offer on a property nationwide, feel free to forward your BEST quote to our team for a zero obligation second look loan review. For those pending, we offer a 24 hour full loan commitment to help you and your agent win the offer! Reach out to my strategic lending partner of 20+ years Joseph Chiofalo for optimized weekend Pre Approvals and professional mortgage support.
Ask about our premier mortgage programs:
Elite Jumbo & Super Jumbo Loan Rates
FHA, VA & Conventional
STR and AirBNB Mortgages
1-100 Units + Commercial
Expedited refinances and HELOCS
DSCR (Debt Service Coverage Ratio) Mortgages for 1-100+ Units
Ground Up Construction financing
Alternative income verification (1099, Bank Statement, Asset depletion)
Private & Portfolio Programs
Licensed Real Estate Broker in the States of Oregon & California Fathom Realty
FL NMLS ID: 2297941 and VP Business Development www.nmbnow.com
