Welcome to this week's STR scouting report, sponsored by Host Financial, our go-to source that offers an arsenal of STR lending solutions.

Many in our community today are searching for innovative STR loan solutions. Host Financial has assisted numerous members in our group, earning its spot as our top STR loan experts for our community.

Facing a balloon payment, need to access your equity, or a short-term bridge loan? Host Financial provides a range of STR loan solutions to help you meet your objectives:

• STR Cash-Out: Access your equity to generate cash.

• STR Bridge Loans: Use your equity for short-term needs.

• STR Rehab Loans: Upgrade or expand your STR.

• STR Pre-Approval Letter: Strengthen your purchase offers.

Get started with a no-obligation quote and property analysis today. Explore how their creative loan solutions can help you achieve your goals.

In this week's STR Scouting Report:

• STR Showcase: We pre-underwrite a boutique 16 cabin STR in Asheville, great upside potential for the right group.

• STR Homes for Sale: The latests off-market, agent picks, and STR active listings.

• STR Global Spotlight: See what $166k can buy you in Panama City, Panama. You will be amazed.

• Trending News Nuggets: Airbnb news, real estate, economy, and mortgage trends.

• Learn & Network: Mark your calendars for the hottest real estate and STR events to attend in 2024.

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Let’s dive in!

STR Scout Team

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STR Scout Spotlight: Boutique 16 Cabin Community in Asheville, NC

Investment Opportunity: 16-Unit Cabin Community Near Downtown Asheville

Location: Asheville, NC address (10 min North of downtown)
Details: 16 Cabins, 18 Beds, 16 Baths, 9,177 sqft
Price: $3.160m
Status: Currently available for purchase (local legacy property)
Market Insights: Airdna

View Full Details & Preliminary Diligence Here

STR HOMES FOR SALE | TRENDING THIS WEEK

😎  STR AGENT - FEATURED TOP PICKS

$789.9K | Columbia Falls, MT: Updated 3br 3ba farm-stay, 2451sqft in Glacier Park Scenic Corridor. Revenue $73k-$95k. STR ready, no HOA/CCR's, versatile 3 acres for expansion. View Property Details
STR Agent: John Hayes
Text or Call: +18503754113
Website 

$1.099M | Black Mountain, NC: Catawba Falls Lodge, 4br 5ba, 3579sqft. Revenue $140k-$177k. Custom log home in Catawba Falls Preserve, private views, access to Pisgah Forest. Successful STR 10+ yrs. View Property Details
STR Agent: Tyler Coon
Text or Call: +18286202541
Website 

😎  STR FOR SALE BY OWNER - OFF MARKET

$274.9k | Banner Elk/Boone, NC: Owner selling 600 Sq. ft, 2br/1ba cabin near ski, ASU, hiking (Grandfather Mountain/Blue Ridge). Avg $36,950/3yrs revenue. Listing soon. View Post

$1.25m | Virginia Beach, VA: High-performing STR, fully renovated, 6,000 sq ft, studio for extra income. 2022 income: $144,822, 2023: $149,147. 4.8-star, 154 reviews. Booked for 2024. Ideal lifestyle investment. DM for info. View Post

$425K | Canyon Lake, TX: Turnkey STR on 1 acre, lake views, $41K 2023 revenue. Secondary build site ready. No HOA, near music, rafting, Wimberley, San Marcos. Selling for capital. DM for info. View Post

$810k | Nashville, TN: Fully furnished, stocked supplies, MUL zone for NOO-STR permit. $30K booked for 2024. Ideal for busy season. Contact Alex Brandau for details. Make it yours for spring/summer! View Post

$259K | Ruidoso, NM: Value play. Year-round tourist draw for skiing, racing, casinos, outdoor activities. Owner selling to invest closer to home. View Post

$315K | Beaufort, SC: High demand city, and a must see. Renovated, furnished home, all new updates. Near downtown, successful Airbnb with amenities. Ideal for investors/homeowners. View Post

Post your STR FSBO.

😎  STR ACTIVE LISTINGS

$349.9K | Crystal Beach, TX: Ocean Shores beach haven, sleeps 10. Open-plan, granite counters, stainless appliances. Deck, sand shower. Fully furnished, great for vacation rental. View Post

$530K | Smithville, TN: Tri-level lake view home on Center Hill Lake, 4br 2.5ba, 2304 sqft. Updated, furnishings/hot tub negotiable. Ideal AirBnB/second home. View Post

$885K | Sevierville, TN: Price cut, rental $100K-$120K. Wears Valley location, modern amenities, rustic charm. 3br, loft, covered porches, over an acre. No HOA, water softener, turnkey. Near Smoky Mountains. View Post

$849K | Phoenix, AZ: Rare Biltmore, remodeled, furnished, corner lot, RV gate. 3br + Den, LVP flooring, chef's kitchen, quartz, stainless appliances. Hot Tub, Gazebo. Near trails, Biltmore, Scottsdale. Updated, $30K+ furnishings. View Post

$815K | Coram, MT: STR 9 min from Glacier National Park, 3br 2ba, hot tub, creek. Successful 8 months, summer $450-$750/night, winter $195-$250/night. View Post

Post your STR listing.

STR GLOBAL SPOTLIGHT
DIVERSIFY & DISCOVER VALUE - 9% NET YIELDS IN PANAMA CITY, PANAMA | $166,000

New Luxury Condos for only $166,000 U.S

We uncovered something special for you from our trusted international scouts: an exclusive opportunity with one of Panama's premier developers. Here's are the highlights and why you can't miss out:

• Affordable Luxury: Invest in world-class STR assets at a fraction of U.S. costs. Yes, top-notch quality for less, exclusive pricing starting at $166k! Value that cannot be beat in any U.S market.

• Vibrant Market: Panama City is booming—its unique blend of modernity and culture is drawing both tourists and investors.

• Strategic Gem: It's not just a business hub; it’s a tourist haven with potential tax benefits to boot (ask your CPA).

• Pro-Managed: With Be Living, you get more than property; you gain insights and pro management to maximize your investment.

Take a Closer Look

TRENDING HEADLINES

 🏡 Short-term Rental & Airbnb Headlines

• This is the best destination to buy a winter vacation home in the U.S according to Vacasa - here is the top 5 markets.  The most overpriced markets in the U.S according to U.S Today.

• Airbnb announces its preferred software partners for 2024. Here is the list.

• Airbnb searches surge 1000% in these cities ahead of the solar eclipse.

• New study shows short-term rentals don’t hurt mountain town prices in Colorado.  

 👮 Short-term Rental Regulation Watch

• Federal court upholds strict STR reguations in New Orleans, here is what it means for your Airbnb.

• Legal challenge puts spotlight on San Antonio area short-term rental regulations.

• Airbnb welcomes EU agreement on new short-term rental rules.

• Missoula City Counsel to discuss new short-term rental rules.

🏠 Real Estate Headlines

• New listings (supply) post biggest uptick in 3 years but buyers are restrained by rising rates

• Day of reckoning coming for realtors, an estimated $100B in annual real estate commissions could be cut by 30%, putting 1.6m agents out of work.

• Florida condo prices are falling as cost of insurance and hoa fees skyrocket.

• Hawaii governor uses profanity describing Hawaii vacation rentals.

🚑 Trending Economic Headlines

• 7% mortgage rates hit mortgage demand hard, stalling purchase and refinance market.

• New home construction in the US plummeted to a 5-month low in January.

• The US goverment debt-to-GDP ratio is worse than Greece’s before the 2008 crash, and about to get worse. 

• Americans have more credit card debt than savings, here are the stats.

• FHA introduces a new Payment Supplement scheme to subsidize owner’s payments on their way to foreclosure.

• 5 indicators showing the economy isn’t as strong as people think.

THE FED MINUTES - NEWS BRIEF

Housing Bubble Alert: The Fed's recent minutes signal a troubling outlook for the housing market, hinting at a bubble due to soaring home prices and a high price-to-rent ratio. Despite strong stock market performance, led by big tech, the overall economic resilience is overestimated, ignoring potential slowdowns. With inflation targets challenging to meet, the Fed may revise its approach, signaling fewer rate cuts in 2024. The possibility of a housing market correction looms, potentially triggering a financial crisis. The Fed's cautious stance on policy easing reflects concerns over sustainable inflation reduction and the health of the U.S. economy, with a nod towards data-dependency in future decisions. (Seeking Alpha)

MORTGAGE RATE WATCH

💵 DSCR rates INCREASED from prior week.

💸 Treasury yields INCREASED from prior week.

🏦 Conventional mortgage rates INCREASED to 6.94%.

Get an STR Loan Quote with Host Financial - Apply in 60-seconds.

CONFERENCES & EVENTS
UNLOCK THE FUTURE OF REAL ESTATE

I have been attending Inman events for years and they host the abosolute best real estate events. Join STR Scout in at Inman Connect - Miami in May!

Embark on a groundbreaking experience as Inman brings its flagship real estate conference, Inman Connect, to Miami, Florida. Join us at the New World Center in Miami Beach from May 21-22, 2024.

Delve into the core of the major trends shaping the real estate landscape today, unravel their implications for your business, discuss industry innovation, and what it means for your business tomorrow. 

Save big with early bird discounts before prices go up, and don’t forget to pack your sunscreen!

Not what your looking for? See our 2024 Events Calendar.