Personally, I’d use it as a down payment to expand my rental portfolio, tapping into financing to acquire multiple properties for better diversification and cash flow.

While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pennsylvania.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

Is this for a wholesale deal or are you looking to acquire for yourself? 

HI Abigail,Acquiring a loan, lenders always look into 3 metrics Income/Assets/Credit.

. $100,000 is definitely enough to acquire a long-term rental in Montgomery—it’s one of the most affordable markets in Alabama, after all.As for your concern about being unable to lease the property out, I imagine you’ll be fine.

In September, I found a property I was interested in acquiring online.

You have amazing loans that were, no doubt, acquired because they were primary residences.

I own an investment property in Austin and plan to acquire another by year-end.

So, make sure you are always looking to acquire properties, but I wouldn't hold that goal over your head because you might make bad decision to get your number when the deals just aren't there.