All Forum Posts by: Anastasia Osorio

Hey @Anastasia Osorio, so we have looked in that area off and on for a while. One rule we have is we don't invest in WA state. Too landlord friendly etc etc. Even for STRs.

We almost bought a place near Ocean Shores but they decided not to sell then did sell so we missed out. It was an operating STR already and it was doing well but them's the breaks.

Inventory isn't real high along the coast there but there are some places. Unlike other areas on the WA/OR coast it is often quite a walk to the beach from an "ocean front" property but it ain't bad.

Nightly rates are on the lower side so I am not sure how well it would pencil out.

Thank you! I expected this. WA state has not been very friendly to landlords. It's made things quite challenging.

1 Vote

I would like to know if anyone local or nationwide has invested on the WA coast (primarily Grays Harbor county). I would especially like to know your experience on running STRs in Westport and Grayland WA. I know that there is a surge of restrictions on STRs in many cities/counties nationwide. What have been your pivot strategies? Share any input you have. Thanks!

2 Votes

Looking for an agent in Grays Harbor County and surrounding areas? Give me a call! I can help!

0 Votes

Tacoma, Washington

It can be a dangerous venture that's for sure!

1 Vote

Check out Westport WA. Marina improvements ahead of us, county jurisdiction liberties on STRs, and an upcoming golf course has really made this area go nuts!

3 Votes

I think your idea is fantastic. If I were you, I would purchase a duplex or triplex if you're able and make sure you learn the local tenant/landlord laws inside and out or hire an experienced property manger. Best of luck!

0 Votes

Philadelphia, Pennsylvania

Contact an investor's agent in area you're looking to invest. Make sure they are "investor friendly" and well connected in the neighborhood. They should have all the resources you will need to be successful in any area you're looking at.

0 Votes

Nice to meet you Neil! I will add you as a connection. I am a broker in Washington state. If you are ever looking to invest in multifamily on the west coast, you know where to find me for info. I am very familiar with this market!

0 Votes

I prefer working with mortgage brokers. They have other creative liberties they can take that the big bank loan officers can't take. I like brokers who work with investors primarily because they have a better understanding of the process and the needs an investor will have when financing a property.

0 Votes

All Forum Posts by: Anastasia Osorio

Anastasia Osorio has started 4 posts and replied 31 times.

Post: Complete Newb looking to connect and learn as much as I can from others

Post: Westport and Grayland WA STRs

Post: Westport and Grayland WA STRs

Post: Investor Friendly Agent Looking for Investors for a Hot Market Western WA

Post: Criminals, transients, convicts, burglary, fraud, deception, manipulation, squatting

Post: WHO ELSE has is seeing amazing returns in there areas??

Post: Real estate rookie looking for advice on east coast (nj, ny, pa, ri, ct, md, dc)

Post: Remote Str Start Up

Post: New to Multi Family Real Estate Investing - Seeking Guidance and Connections

Post: Using big name banks for loans