[quote user=ThomasBeyer]That is a bold statement that is probably wrong.
Yes, in some locations 10% properties can be found. However they are not usually in great shape, great locations or economically strong regions !
6-8% is more common for properties in decent condition, decent locations or strong regions !
I found an example of one in the lower mainland, and it took me all of 3 minutes. What market in Canada would be harder than that? I was quite clear that there were other factors, and that these properties are probably in bad neighbourhoods and in bad condition.
I didn't say you could find good investments in any region, I said you could find 10% properties in any region. For all I know these properties have super high expenses (condo fees), are in bad areas that would have high vacancy and maintenance and are in very poor condition and would require extensive maintenance. They still meet the 10% rule, but my understanding is that its only a filter, not the end all be all of real estate investment.
Of course, you are probably right, insofar as absolutes are very likely to be wrong.
I'll amend my statement: "10% properties can be found in the majority of markets" and add the caveat (again) that they aren't necessarily good investments.
Regards,
Michael
**I'm not sure why this post is above the post by Thomas which it replies to, but they are out of order