Don't let your mortgage rate drive investment decisions. If you can tap equity, higher-yield assets might beat your 6-7% rate. But property transactions cost real money, so any move should fit your overall portfolio strategy, not just react to rates.
I'm trying to avoid paying huge interest on a mortgage and will buy again when the interest rates drop. I can make $500K or $600K potentially. I can potentially invest in a different way. I don't get caught up in paying interest rates on the mortgage, right? Because if you have the ability to be able to draw some of that equity out, you can earn a lot more than 6%, 7% interest in other asset classes. So if it's a matter of a cash flow thing, hey, there's a better way to be able to do this because your cost of coming in and out of that property will cost you a huge sum of money. There's no doubt about it. But you could potentially invest in a different way. It all depends on what your portfolio needs, right? So I'm not— I'm never about just buy and hold for the sake of it. I'm never about buy and sell for the sake of it. I'm all about what does your portfolio need. So you've got to come back to strategy first. If you don't come back to strategy as a starting point, you're literally just gambling and you're making reactive decisions, right? And those reactive decisions can wind up costing a lot of money.
