Sporty Posted August 20, 2006 Report Share Posted August 20, 2006 I think this one has all you qualifications. Took me all of 2 minutes to find it. WITH more time, really nice ones can be found in that price range. I spent a couple months, visiting some. With the idea of first renting, then buying. http://www.mrroomfinder.com/detail.php?id=774 Many others to be found on that page, between 20 and 35K. So under 40K, I do not see a problem, been insome, and seen very nice ones for that. Sporty Link to comment Share on other sites More sharing options...
elef Posted August 20, 2006 Report Share Posted August 20, 2006 Sporty, how much is the price if you want to buy it? If we accept SDs 5 % (which I do now for BKK after some research) a rent of 35 k/month represents a price of 8.4 million. Link to comment Share on other sites More sharing options...
Sporty Posted August 20, 2006 Report Share Posted August 20, 2006 Hmmmm, Does not seem to be the direct relationship of renting, to purchase price, many times. I have always used, 7.5% times yearly rent, as a rule of thumb, for a value of a unit. For me, I am more looking for a two bedoom, excellent location, in the 4 to 6 million range. Looking to steal it actually. BUT, if you look long enough, is my theory, someone is gonna want a quick sale for cash. I think I will get what I want for 5 million, 90 to 120 sqm. Link to comment Share on other sites More sharing options...
elef Posted August 20, 2006 Report Share Posted August 20, 2006 If you have time you can always find something for a good price. Still BadaBing wants to pay 30-40K usd (1.1-1.5 million) and the price with 7.5 % is still 5.6 million. Link to comment Share on other sites More sharing options...
Sporty Posted August 20, 2006 Report Share Posted August 20, 2006 I do not understand... My method, is 40,000 for 12 months a year, equals 480,000, times 7.5 comes to 3,600,000. Not accurate, just something I picked up, in Real Estate classes. Rule of thumb, for percieved value, actually comes out close alot, in the USA. BadaBing, should have no trouble to get a 1 bedroom, pool, gym and other amenities, for 40,000. Now if he wants other than Thong lo, or Suhkumvit, he can do either bigger or cheaper, for a nice place. Many rentals, are underpriced, because of the huge inventory, of available units. Like the example I gave earlier. Good news for us, looking to rent and buy, is the inventory, will be increasing, with lots of new units, adding to the housing stock, now, and in the next few years. Link to comment Share on other sites More sharing options...
BadaBing Posted August 20, 2006 Author Report Share Posted August 20, 2006 Thanks for the replies and insight guys I think i'll up the ante to 65-75K and start fishing.... Bada Bing Link to comment Share on other sites More sharing options...
elef Posted August 21, 2006 Report Share Posted August 21, 2006 40,000 for 12 months a year, equals 480,000, times 7.5 comes to 3,600,000 3,600,000 x 7.5 % = 270,000 480,000 / 3,600,000 = 13.3 % If you want to sell the condo (or other property based on that method) contact me! Correct solution is: 480,000 / 0.075 = 6,400,000 Control 6,400,000 x 7.5 % = 480,000 Link to comment Share on other sites More sharing options...
Sporty Posted August 21, 2006 Report Share Posted August 21, 2006 As stated earlier, I want to buy on that formular. 13% makes sense, for the use of my money. Link to comment Share on other sites More sharing options...
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