Hello:
Really new to the topic of RE investing. Looking at some numbers in areas around Lower Mainland / Vancouver - the CAP rates seem extremely low, nowhere near 8% or so most posts on this board seem to look for.
Are most investors in this area currently looking to wait it out until the cap rates fall into the target range?
It doesn`t look like its possible to achieve 8% CAP rates here. For example, $350k condos rent out for about $1400 a month.
Thanks!
Really new to the topic of RE investing. Looking at some numbers in areas around Lower Mainland / Vancouver - the CAP rates seem extremely low, nowhere near 8% or so most posts on this board seem to look for.
Are most investors in this area currently looking to wait it out until the cap rates fall into the target range?
It doesn`t look like its possible to achieve 8% CAP rates here. For example, $350k condos rent out for about $1400 a month.
Thanks!