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Anyone Know Anything About This Property


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Has anyone heard anything about this property/project?

http://classifieds.thaivisa.com/real-estate/apartments-for-sale/12-rental-guarantee-for-1-million-baht-condo-121333.html

It seems like a good investment. Better return than a bank.

Thinking about buying a studio in 6 months or so and want to know if compared to other deals out there this would be a good one?

I have mailed them for more info but no one got back to me yet..

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"We will guarantee to find a tenant for your 1 million baht (33,500 $) condo that you purchased for the first 5 years.

If we couldn't find you any tenant we will pay you annually 12% (120,000 baht = 4,000 $) ."

There's a technical name for this sort of guarantee.

What is it now? ................

Oh yes, it's <deleted>.

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"We will guarantee to find a tenant for your 1 million baht (33,500 $) condo that you purchased for the first 5 years.

If we couldn't find you any tenant we will pay you annually 12% (120,000 baht = 4,000 $) ."

There's a technical name for this sort of guarantee.

What is it now? ................

Oh yes, it's <deleted>.

100% correct !!!!

Rental guarantees are always included in the buy-in price, so there is NO WAY they could afford to do this in practice.

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