Dude, you are on such thin ice

-

Story of my life

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?

Moved to Bangkok Forum

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, 201313 yr by somchaismith