Hello fellows, a question from a beginner investor.
Im still unsure about how a 35 year mortgage on a property i purchased can turn to worse in changing times. (In Edmonton, Westmount)
i have positive cash flow, 10% rule applied.
And put only a minimum 5% down.
What are some of the factors or market changes that could hurt me in my investment in the long future. What should i look out for.
What if interest rates reach 20% in 20 years from now. is that a possibility?
How do you mediate an investment & fast rising interest rates? (sell it?)
What kind of things does someone have to look out for ? (long term) (recession, vacancy rate, rental prices dropping)
Im just trying to make sense of what kind of changes can negatively affect this investment over a 35 year period.
And trying to get a picture of the worse case scenario to see if i could handle it for 1 single property vs a multitude of ownerships.
Thanks, hope the question makes sense.
Im still unsure about how a 35 year mortgage on a property i purchased can turn to worse in changing times. (In Edmonton, Westmount)
i have positive cash flow, 10% rule applied.
And put only a minimum 5% down.
What are some of the factors or market changes that could hurt me in my investment in the long future. What should i look out for.
What if interest rates reach 20% in 20 years from now. is that a possibility?
How do you mediate an investment & fast rising interest rates? (sell it?)
What kind of things does someone have to look out for ? (long term) (recession, vacancy rate, rental prices dropping)
Im just trying to make sense of what kind of changes can negatively affect this investment over a 35 year period.
And trying to get a picture of the worse case scenario to see if i could handle it for 1 single property vs a multitude of ownerships.
Thanks, hope the question makes sense.