I think the whole property investment concept has so many dependencies, and add on top of that, how much risk you are willing to take and how much stress you are willing to put up with.
Interest rates can go up, but have also gone down historically. Depending on where your property is, property values can also go down instead of up. (I think there are still places in CA where the property values are still declining, compared to 5 years ago.) Then, you have the possibility that there is no one to rent your property - therefore, you have to be able to absorb the loss for some period of time. Figuring it all out, for my statistically-challenged brain, would require too much time and too high a level of uncertainty.
For me personally I just hate the idea of being beholden (in debt) to someone else. But I think there are some people who have enough knowledge, energy, and the right timing, to be very successful with this. 5 years ago, my real estate agent in Carson City had 2 properties, his home & a condo. Now he has 4 properties.
|