FunFon Posted April 14, 2013 Share Posted April 14, 2013 Dude, you are on such thin ice - Story of my life Link to comment Share on other sites More sharing options...
krisb Posted April 14, 2013 Share Posted April 14, 2013 i heard FunFon has one he is leaving , but be careful the land lady does not like farangs who dont pay their rent .it's also fully furnished isn't it? Link to comment Share on other sites More sharing options...
SeaVisionBurma Posted April 14, 2013 Share Posted April 14, 2013 Moved to Bangkok Forum Link to comment Share on other sites More sharing options...
somchaismith Posted April 14, 2013 Share Posted April 14, 2013 (edited) I think this guy's very lenient or overpays for his properties, "Here is my lazy formula for comparing income-producing properties at a glance. It's called the "one percent rule", which means that a good cash flowing rental will bring in 1% of it's total value each month. So You simply multiply one month's rent by 100 to arrive at a ballpark value. For example, if a property will rent for $1000 a month, and tenants pay all utilities, then that property is worth a maximum of $100,000 to me. ($1000 rent x 100 months = $100,000 value) That does NOT mean that if you pay $100,000 you can automatically get $1000 in rent. Some $100k houses will only rent for $750, leaving a negative cash flow." http://www.lazymentor.com/RealEstate/onepercentrule.html Edited April 14, 2013 by somchaismith Link to comment Share on other sites More sharing options...
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