All Forum Posts by: Trevor Hill

Thank you both for your input. Jefferey, I had considered Seaside because of the fact there is more tourism being closer to a bigger city and we love vacationing there. A downside is it's further away. Also looking at the data on Rabbu and Airdna, Florence penciled well compared to Seaside. There are thousands more vacation rentals in Seaside so higher competition that could lead to less occupancy or an undercut in prices because they have lower expenses than I would. Florence is less expensive and occupancy/nightly rates look great especially on the well setup homes. 

Bonnie, I have been following the regulations on STR's and you are absolutely right. There are a few county's cracking down on STR's in what are some of my favorite places to vacation. For example, we love Newport and it is only an extra half hour away compared to Florence so it seemed great. Upon looking into regulations I found out about the local community fighting hard against them and making it more difficult to operate. I will definitely be sure to due my due diligence before committing to a market.

Another area we enjoy is Central Oregon mainly Bend. We go to Sunriver every year, spend lots of time snowboarding and camping. That market has appreciated insanely and the competition is fierce. Plus its more difficult to get started with Airbnb's due to regulations. Some day I plan on having one there but I'm not sure if its the best choice for my first venture. My goal is to have vacation rentals in all sorts of markets and it is such a motivating goal to have. Finding real estate investing has opened my eyes up to the world. I am so thankful to have found it. As well as a forum with great people like yourselves who I can communicate and gain more knowledge. Thus far I have only met one person in person who invests in real estate. So thank you again for chiming in everyone. Your input is much appreciated :)

Breaking even to me would be a success. Even if nightly rates didn't continue to rise over time, breaking even now would still be a free house in 30 years that I could sell and use for a retirement nest egg along with my 401k. Plus the added tax benefits to support my current situation ($120k a year as a "single" person with "0" dependents Uncle Sam definitely gets his cut) A home my family and I could use in the off seasons on vacation plus creating a unique experience with lifelong memories for our guests sounds great to me, regardless of whether it cash flows. It would still appreciate overtime and build equity all while someone else is paying the mortgage. That's why I was wondering how people are doing with their investments. Their initial purchase price or interest rate ect doesn't effect my underwriting. If they tell me they make $6k a month on average before expenses it doesn't matter if their mortgage is only $1500. I'm obviously going use the mortgage I would be paying to underwrite my deal. I'm just curious how popular the town is. I only go there a few time a year. Just went this weekend and it seemed pretty dead. The Casino was packed but not many people shopping around the town or at the beach. The weather can be pretty undesirable on the Oregon Coast, as it was this weekend, so just wanted some first hand experience and hear their stories. Thank you for your input.

Thank you so much for your input. I'll check through Price Labs like you mentioned. My next step after posting this is to reach out to a few similar hosts for the style of property I am looking to invest in and see how well they do on a personal level. I was just hoping to find people here before I go messaging people personally. Again thank you so much. Your insight is very knowlegable.

Just seeing if anyone is familiar with STR investing in Oregon. I'm looking toward the coast for my first investment. Florence is the closest coastal town from my primary residence near Eugene. The numbers I have found work although I am skeptical about the data being accurate. At the price of a nice vacation home here I could invest in many other highly profitable places. I'd love to have one close to home my family and I could use a few times a year. I'm just hoping to speak with someone who has done it or knows someone who has or is that can confirm the analytics tools I'm using are somewhat accurate. Thank you in advance to anyone that takes the time to reach out with any information.