Except your mortgage interest may also be 3% so you may realize nothing on your investment.
Your interest costs will be proportional to your leverage so you need the asset to outperform your interest rate to realize anything.
Your interest costs will be proportional to your leverage so you need the asset to outperform your interest rate to realize anything.
I can either live in the home, saving livings costs (rent), or I can rent it out and generate income, which will pay for the interest on the loan.