I have 4 units in pattaya and rent them out to ang mohs and russians.
Personally i also rent the unit i am staying.
I have also sold some units which i bought before and sold them during completion for profit.
Basically one can buy land under thai company. No need thai wife. Rental in bkk has low rental returns because price of condos is already speculated. My rental yield avgs between 7-15% for different units i owned. And i don't think many bkk condos can beat this yield.
Currently looking at a big piece of land around 1 rai plus to build a bungalow. Its a personal choice. I can buy the land under a thai company which my lawyer can arrange for me. The land itself is around 10mill thb.
I know a lot of singaporeans and foreigners like bkk. But the traffic in bkk is real bad and years back during big flood, it was hard to move around. Floods like this will happen again like singapore. Resale prices don't hold in bkk, so currently my thai wife is still stuck with her condo in bkk.
However its a personal choice like i said on choosing which part to stay in thailand. The king likes hua hin some of u like bkk, while i like pattaya, some others may like chiang mai, so choose the place u like most.
Personally i also rent the unit i am staying.
I have also sold some units which i bought before and sold them during completion for profit.
Basically one can buy land under thai company. No need thai wife. Rental in bkk has low rental returns because price of condos is already speculated. My rental yield avgs between 7-15% for different units i owned. And i don't think many bkk condos can beat this yield.
Currently looking at a big piece of land around 1 rai plus to build a bungalow. Its a personal choice. I can buy the land under a thai company which my lawyer can arrange for me. The land itself is around 10mill thb.
I know a lot of singaporeans and foreigners like bkk. But the traffic in bkk is real bad and years back during big flood, it was hard to move around. Floods like this will happen again like singapore. Resale prices don't hold in bkk, so currently my thai wife is still stuck with her condo in bkk.
However its a personal choice like i said on choosing which part to stay in thailand. The king likes hua hin some of u like bkk, while i like pattaya, some others may like chiang mai, so choose the place u like most.
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