Sold my Airbnb home and have $100k cash after sale, what now?
So I bought my home in 2018, fixed it up, rented it on a lease. Didn't go well so I decided to make it a short term rental. I've been very successful but the market has increased dramatically sine rates are at a historical low and I believe now is the time to get the most money out your home. So I decided to sell it since I will net $100k after the sell. I want to stay in the short term rental business so my intent is to use the gains to buy 2 single family homes in a cheaper home in the outskirts of the city on a strategic location. I am hoping the bank will accept me on 2 more loans given that I currently have a loan on my primary home.
Note: I am currently netting $3k every month from STR.
What do you suggest I do?