What to do with 100k

[Puett Willcox]

I'm a newbie and looking for advice. My wife has recently received 100k from her employer. We are considering purchasing our second income property. My wife likes the idea of paying cash for a property in the mid-west and not having a loan. Our agent brought up a good idea that I like but my wife is hesitant about. Instead of spending all 100k on 1 door, buy 5 doors with 20k down on each. Thoughts? 

[James Wise]

Quote from @Puett Willcox:

I'm a newbie and looking for advice. My wife has recently received 100k from her employer. We are considering purchasing our second income property. My wife likes the idea of paying cash for a property in the mid-west and not having a loan. Our agent brought up a good idea that I like but my wife is hesitant about. Instead of spending all 100k on 1 door, buy 5 doors with 20k down on each. Thoughts? 

 Paying cash now and then doing a refi when rates drop is what I'd do.