Anyone invest in West and Northwest States

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Anyone invest in West and Northwest States

Karen MargraveBusiness Member
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Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes

It seems the majority of STR in the states are in the south and eastern states, and so cal. Do any of you invest in Northern CA, Oregon, Washington?

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Michael HaasBusiness Member
Real Estate Agent · Sammamish, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 725 posts · 3k+ votes
6y

We have a STR in West Seattle and Stevens Pass (Skycommish), WA. Great market, and although there are regulations in Seattle its just paperwork, and not that onerous. Our STR there makes bank, so I'm willing to fill out some paperwork :).

[email protected]408-439-7873
HouseHack Seattle | Michael Haas & Team572 Reviews
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  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    6y

    Hi @Karen Margrave, I live in Olympia, WA and our vacation home is in north Idaho on Lake Coeur d'Alene.

    1Reply
  • Jon Crosby
    Investor · Roseville, CA · Member since 2016 · 893 posts · 1k+ votes
    6y

    @Karen Margrave  We have had multiple properties in Lake Tahoe, CA (Northern CA).  

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  • Nik Moushon
    Architect · Wenatchee, WA · Member since 2018 · 843 posts · 907 votes
    6y

    There are TONS of STR in Washington. All along the coast you will find them. There are several good skii resorts in the cascades in central part of the state. Lake Chelan and Leavenworth are great places, though STR are banned in the city limits for both those cities but the city limits are rather small so you can get into the county very quickly and still be close to the cities.

    The key, with any STR, to take gauge how the city/county is looking at them. Do they see them as a economic investment or deterrent? You'll have to dig into that yourself. 

    1Reply
  • Jon Latorre
    Real Estate Broker · Boise, ID · Member since 2017 · 101 posts · 41 votes
    6y

    The Pacific NW is a great place to invest in vacation rentals! Relatively cheap to purchase (at least compared to other destinations on the west coast), and solid rents. Leavenworth (WA), Chelan (WA), Coeur d' Alene (ID), and Sunriver (OR) are some of my favorites.

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  • Justin Frank
    Rental Property Investor · Tacoma, WA · Member since 2018 · 244 posts · 140 votes
    6y

    @karenmargrave
    I currently invest in Washington State but do not invest in STRs. The PNW has so many great places to see and is a great market for STRs however I do not like that there can a sudden change in law that could negatively effect your STRs operation. If you buy make sure that it can support itself as a long term rental as well. 

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  • Collin Chan
    Investor · Dublin, CA · Member since 2019 · 167 posts · 134 votes
    6y

    @Jon Crosby were you affected by the new STR rules last year or are you outside of that restricted area in South Lake Tahoe? I've noticed a lot of homes for sale that were previous vacation rentals but curious on if you have any insight into what is happening there.

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  • Jon Crosby
    Investor · Roseville, CA · Member since 2016 · 893 posts · 1k+ votes
    6y

    @Collin Chan We did have a property in South Lake in the Tahoe Paradise area (county area) but it was not affected by the regulations, those were only imposed on the city limits.  I believe it's still being fought and up for another vote soon but I don't follow it that closely anymore.  We sold that property and our current one is in Tahoe City which has normal permitting and tax rules.  

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  • Collin Chan
    Investor · Dublin, CA · Member since 2019 · 167 posts · 134 votes
    6y

    Thanks @Jon Crosby

    0Reply
  • Scott S.
    Tacoma, WA · Member since 2014 · 78 posts · 92 votes
    6y

    There are STR all over the PNW. My favorites in WA are Lk Chelan, Leavenworth area and Bellingham area. But there are vacation rentals all over the Puget Sound region - Seattle, Vashon Island, Gig Harbor, etc.. even in the city of Tacoma. For OR, starting on the coast at Seaside, Cannon Beach, Pacific City and all the way down the coastline. City of Portland has a ton as well as Hood River area, Mt Hood and of course Bend, OR.

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  • Michael HaasBusiness Member
    Real Estate Agent · Sammamish, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 725 posts · 3k+ votes
    6y

    We have a STR in West Seattle and Stevens Pass (Skycommish), WA. Great market, and although there are regulations in Seattle its just paperwork, and not that onerous. Our STR there makes bank, so I'm willing to fill out some paperwork :).

    [email protected]408-439-7873
    HouseHack Seattle | Michael Haas & Team572 Reviews
    WebsiteView Page
    5Reply
  • Shannon Ilas
    Realtor · Portland, OR · Member since 2017 · 26 posts · 7 votes
    6y

    I'm in Oregon and investing on the coast.

    1Reply
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