A property that makes 5% of its value a year, when interest rates are paying 6%, is a bad investment.
Instead of 3-properties at $1 million (total) returning 0.05 million / year, you should sell those three properties and put $1 million into the bank and get 0.06 million/year.
A property that makes 5% of its value a year, when interest rates are paying 6%, is a bad investment.
Instead of 3-properties at $1 million (total) returning 0.05 million / year, you should sell those three properties and put $1 million into the bank and get 0.06 million/year.