Areas in washington state with good STR returns

[Ben Hooper]

I'm looking to add another property to my portfolio. What areas in washington state have good cap rates for short term rentals?

[Amanda Dallman]

@Ben Hooper - I think 15% is tough to get in WA. Investing in this state is more of an appreciation game. With STR you can get better ROI the LTR, but a lot of the popular vacation areas have strict STR rules witch in turn is making the STR properties worth more. The buy in is really starting to crawl up. There are some deals out there, you just need to get creative. I have not seen 15% in WA.

@Kim McGinnis - Suncadia is a great place to invest! I highly recommend anything in the Kittitas county area, the area price inflation has surpassed the rest of WA and it doesn't look like its not going to stop. You're from North Bend, you probably know what I'm talking about. Cleaners are hard to find, I have a couple but their availability is very limited. I'm investing in grays harbor county and Okanogan county. Both are long term play with cheap buy in. If you are in the area I would love to meet up with you!