I've been in apartments since i was 18, when i bought a duplex and a 4 plex.
Then it was easy to get a building for 15 % cap rate this would give large positive cash flows even at 7%.
In canada now cap rates are anywhere from 3% to 7%. depending on the city. This is normal negative cash flow or a very small positive.
So i have looked throughout the world, and found Panama.
The going cap rate is 15 to 20 % cap rate for residential, 20 to 20% for most vacation rentals.
No heat bill,
low taxes,
low crime rate.
Very stable.
instinctive programs.
Foreigners have same rights as locals with regards to realestate.
Then it was easy to get a building for 15 % cap rate this would give large positive cash flows even at 7%.
In canada now cap rates are anywhere from 3% to 7%. depending on the city. This is normal negative cash flow or a very small positive.
So i have looked throughout the world, and found Panama.
The going cap rate is 15 to 20 % cap rate for residential, 20 to 20% for most vacation rentals.
No heat bill,
low taxes,
low crime rate.
Very stable.
instinctive programs.
Foreigners have same rights as locals with regards to realestate.