Some investors use conventional loans, while others use private lenders, hard money loans, or partnerships.

In the professional opinions and experiences of the investor community, what place in WA state would you invest in a Long term rental?

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

If you Bank/Lender does not allow it you can refinace the mortgage into a DSCR or true Portfolio loan program. 

Lets say someone has 190k left on a 2.95% loan for a 220k property.

What is your finance mechanism and terms?  

There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

My long-term goal is to build a portfolio of multifamily rentals while also working as an agent helping investors scale their portfolios.Your experience sounds incredible!

However, my mother has fully paid for the property, making her the rightful owner in practical terms.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!