If you are affected by the difference of a point or so on the cost of money then you need to turn on the radar to look out a little further over the horizon... 7% is not far off.
What type of investment property works for you?
Rents are still strong and will likely stay that way for a good long time. Commercial leasing is not a declining market yet. So again they are still strong options as well.
The higher home prices have made many rents seem less of a problem. The fed sees the strong raising rent termed as inflationary. But the real close in affect is that the good apartment building buyer can be assured a steady rental return. Low Risk. I like Low Risk.
If you are not into management of your own property... Let me know I can refer a good property management company.
I'm a boater and so I like the analogy of using Radar to look out on the horizon to see what may be coming your way. Would you agree that 7 % money rates are coming in the not to distant future?
Keith L. Answer via the comments
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