All Forum Posts by: Dillyn Davidson Saurdiff

@Kevin Hofstee

I'm partial to long term rentals in Clatsop County. If you are interested in Short Terms you could search neighboring towns like Seaside, Warrenton, or Astoria. There are lots of people here making them work. However, you really need to do your do diligence before investing for ST use. Every city has its own set of Unique and constantly changing rules for STR. I know Seaside is really putting in effort to increase restrictions, add more fees, and be more Strict at it enforcing regulations.

The other option is looking at properties outside city limits. The county has a lot less restrictions on STR. However, you'll want to look closely at demand for these locations as they are away from the more desirable touristy areas. The house I just purchased would have mad a great Air BNB, it's right on the lake, 3 blocks from the ocean. I did some thorough research on neighboring AirBNBs and was able to see the average night cost and occupancy rate to them was not going to pay off.

In my research I have definitely decide I will never buy strictly for ST use (as is a common practice to us saver RE investors!) If I found a property that makes a good long term, and I got lucky that it fits into all the regulations for ST use I would consider it.

Let me know if you guys ever come visit out here to house hunt. I’d love to meet up.

Daniel Weber. My lender gave me the impression there isn't an exact date I need to move in as I need to follow tenancy laws first. I was guessing 60 days was probably the case. Is it 60 days in all states and all FHA loans?

I offered on a property, it will be my first purchase if I close....the sellers won't vacate tenants...I'm using an FHA loan so I need to (and want to) live in one side.

I will have to vacate them as soon as I purchase it. In Oregon you have to give tenants a 90 day notice for no cause vacates.

Any advice for a rookie investor nervous about buying their first property and having to evict tenants right away?

@Matt Everling thanks Matt. This is the exact advice I needed

@Tim Chasteen

Any update on this...this post is from 5 years ago....has anyone done it yet...sounds like a great idea.

@Brandon Turner any update on this...this post is from 5 years ago....has anyone done it yet...sounds like a great idea.

I am looking at a 2 unit with an attached shop/warehouse space. Does anyone have advice,experience, suggestions while considering renting out space to use as a shop? Maybe for hobbyists or small business to do wood work, arts and crafts, furniture rehab, mechanic work....whatever a person would rent out a space to do work.

@Twana Rasoul haven’t heard anything about it since the one podcast

@Andrew Pakchoian

I also haven’t heard anything about it other than the one podcast

@Nancy P. That’s an interesting one. I would be discourage and uninterested in credit scores if I was in your shoes seeing that tenants background too...thanks for that story...puts credit score in check for me