I’ve mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world.
I’m going to buy more real estate (Downtown condo’s and a house in East Van) and I’m going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully)
I plan on getting 4% 5 year fixed rate mortgages. I like these because a decent amount of principal gets paid off and the costs remain low.
I’d love to hear your thoughts!