Good investment? Krabi Thailand ?

[adultinnovation]

I recently sold a small Condo I owned on Grand Bahama.. after the Hurricane hit.. I got rid of it at a loss... but I was lucky to even find a buyer I think....

So now I'm looking to replace it with something like this. I've never been to Krabi before but I spent a month on Kho Samui Island...

https://www.thailand-property.com/1-...-krabi_4117331

[MatureKing]

Man, you hit the point. Thailand is a good place for everything. Think about koh chang or may be koh mak cheaper. I have a man also there. Keep going this way

[MatureKing]

Yeah you can buy villa, but you cant buy land under the villa

51% Of units in the buildings should belong to thai people

[elliso]

51% Of units in the buildings should belong to thai people so how can you own it then ?
By the way how did you managed to old perivous one?
kindly clarifiy us as thier low in asia ins pretty wired

[MatureKing]

Buy it at a company created for this or buying it in a Thai name with papers about the refusal of this Thai person in your favor.

[elliso]

Buy it at a company created for this or buying it in a Thai name with papers about the refusal of this Thai person in your favor.

is this legal?

[CaptainHowdy]

Thailand is a good place for everything.

[MatureKing]

is this legal?

We call it black scheme

[Beaver1]

is this legal?

As a foreigner, you will never win a lawsuit in front of a Thai court if
there is a dispute with your Thai partner.

An apartment purchase can also be made without a Thai partner,
as you only buy the apartment and the property is still in Thai hands.

Apart from that, there is hardly a reseller market for real estate in Thailand
it will be hard to sell the Apartment again.

Bangkok, Hua Hin and Phuket has the highest vacancy of real estate for decades.

The current visa problem for foreigners with a longer visa history, makes it persons under
the age of 50 hardly possible to stay in the country for a longer time.

Not sure if 3,5 million baht qualifies you for a business or investment long term, visa.

But Krabi is still one of the most beautiful corners of the country.

Good Luck

[MatureKing]

I think video tells us about myth how wealthy american farangs married thai women. Be seroius not for thailand i think

[adultinnovation]

I had a Thai Girlfriend for 1.6 years.. Not a Bar girl or anything like that. Just a normal girl. But she is the most crazy emotionally unstable girl I've ever seen..

[Beaver1]

I had a Thai Girlfriend for 1.6 years.. Not a Bar girl or anything like that. Just a normal girl.

Otherwise, nothing would have been left over from your Grand Bahama Condo

[CjTheFish]

I had a Thai Girlfriend for 1.6 years.. Not a Bar girl or anything like that. Just a normal girl. But she is the most crazy emotionally unstable girl I've ever seen..

[MatureKing]

I had a Thai Girlfriend for 1.6 years.. Not a Bar girl or anything like that. Just a normal girl. But she is the most crazy emotionally unstable girl I've ever seen..

Keep your address in secret man

[thommy]

Yeah you can buy villa, but you cant buy land under the villa

51% Of units in the buildings should belong to thai people

it is already under a lease contract.
so the land belongs to someone else and this old lease contracts are really
really bad. you can not do anything with the land at all. you even have to ask the owner when you want to make a hole.

[MatureKing]

it is already under a lease contract.
so the land belongs to someone else and this old lease contracts are really
really bad. you can not do anything with the land at all. you even have to ask the owner when you want to make a hole.

A foreigner can lease land for 30 years in Thailand.

[OneHungLo]

Is that Tommy??

[thommy]

A foreigner can lease land for 30 years in Thailand.

i know - but you don´t know how old the lease agreement is.
and you never know if they had something like an extension option in the contract - in this case the complete contract is invalid.

there is some new law on the way that makes things much easier - but it only applies to contracts concluded after the law is in force.. it is called Sap Ing Sith

https://pugnatorius.com/sap-ing-sith/

[thommy]

Is that Tommy??

stupid as he is it must be your brother

[celandina]

the most expensive ( and frumpy) Thai hooker I have ever seen, but hey men are stupid

[adultinnovation]

Is that Tommy??

[jscott]

Is that Tommy??

[shimmy2]

try across the water koh phanang directly across from samui if you want more peace and quiet. yes foreigner can own condo but you cannot own a house or land without thai wife. the 'company name' thing always seemed a bit sketchy to me. best to just buy condo or apartment. from foreigner if possible. you can rent my place in pattaya in high season if youre interested

[Klen]

try across the water koh phanang directly across from samui if you want more peace and quiet. yes foreigner can own condo but you cannot own a house or land without thai wife. the 'company name' thing always seemed a bit sketchy to me. best to just buy condo or apartment. from foreigner if possible. you can rent my place in pattaya in high season if youre interested

You are no longer in dominican republic ?

[adultinnovation]

try across the water koh phanang directly across from samui if you want more peace and quiet.

way too expensive there...

This is the cheapest one listed.... nice looking place but way too much money for that

https://www.thailand-property.com/1-...-thani_3811843

[adultinnovation]

Not sure if 3,5 million baht qualifies you for a business or investment long term, visa.

What if you're renting it out as a vacation place ? is that considered a business there?

Some of these complexes have on site property management where they manage your property for you and take 30% of the profits

[Brit in Cambodia]

It's there a big Chinese property boom like their is in Cambodia? if so avoid like the plauge.

The Chinese a doing everything they can to keep the Chinese economy afloat including causing major housing bubbles in all the neighbouring countries?


You may be able to buy but you will never be able to sell a condo at a profit.

[Brit in Cambodia]

Errrgh poor poor bloke
She doesn't care about the gold and the money anything she can get now is an advantage her real aim is the green card.

She's old and chubby anyway.

Most men come here and hook up with the first women they find because they aren't used to the attention.
I pray he's got the foresight to put his money in a South Dakota trust so she can't take him to the cleaners

[jscott]

It's there a big Chinese property boom like their is in Cambodia? if so avoid like the plauge.

The Chinese a doing everything they can to keep the Chinese economy afloat including causing major housing bubbles in all the neighbouring countries?

You may be able to buy but you will never be able to sell a condo at a profit.

The China takeover is happening here in Philippines too, it's crazy actually. My friend in Toronto says the same thing

[Beaver1]

What if you're renting it out as a vacation place ? is that considered a business there?

You need to invest 10 million baht to qualify for a biz visa.
Other short term option would be a tourist or education visa
or long term marriage or retirement if you are over 50.

If you buy a condo or apartment for 10 million baht you can do whatever you want with it.
(you can use it for yourself or renting it out, it just necessary to blow the money away)


I think you can buy a condo or an apartment yourself because you only buy the apartment, and not the land it is on.

If you want to buy an own house with land, you need an thai biz partner for it.
The Thai partner keeps 51 percent of the land and is credited to the land registers
and you get 49 percent off the business.
If it comes to a dispute with this partner, that can end badly for you.


The other option is to lease land for 30 years with a renewal option for another 30 years.
But even that is complicated in Thailand, as most people do not even know exactly,
what property they really own.


Finding a good real estate company with a very good reputation and legal department, would be my first step in that biz.
Stay away from private deals.

Best regards

[Beaver1]

It's there a big Chinese property boom like their is in Cambodia? if so avoid like the plauge.

The Chinese a doing everything they can to keep the Chinese economy afloat including causing major housing bubbles in all the neighbouring countries?


You may be able to buy but you will never be able to sell a condo at a profit.

The 10 km long beachfront of Hua Hin has been destroyed by thousands of empty apartments and condominiums.

Most long term expats or digital nomads move over to Da Nang, Hanoi or Ho Chi Minh.

You are right a reseller market does not exist.

[thommy]

You need to invest 10 million baht to qualify for a biz visa.

not really - you can also open a BOI company but the process is difficult and long

Other short term option would be a tourist or education visa

tourist is only for maximum 90 days - education visa still exist but they will check in school if you are there from time to time

or long term marriage or retirement if you are over 50.

the retirement is still the easiest one if you have money on the bank.

If you buy a condo or apartment for 10 million baht you can do whatever you want with it.
(you can use it for yourself or renting it out, it just necessary to blow the money away)

not really - the buying contract will show what you can do and what not. holiday rentals in condos are not allowed.

I think you can buy a condo or an apartment yourself because you only buy the apartment, and not the land it is on.

correct - exception is a BIG investment I think it is 800 million. with such an investment you get a permit to own up to 1 Rai (wich is 1600 sqm)

If you want to buy an own house with land, you need an thai biz partner for it.
The Thai partner keeps 51 percent of the land and is credited to the land registers
and you get 49 percent off the business.
If it comes to a dispute with this partner, that can end badly for you.

correct - but you can split the 51 over more than one person and make a contract that
every desicion needs at least a 60% majority.

The other option is to lease land for 30 years with a renewal option for another 30 years.
But even that is complicated in Thailand, as most people do not even know exactly,
what property they really own.

such a contract would be invalid in the moment when it is signed.
there is no longer contract than 30 years with NO option for renewal.

there are people that have such contracts but they are sitting on a time bomb.

Finding a good real estate company with a very good reputation and legal department, would be my first step in that biz.
Stay away from private deals.

Best regards

finding a good lawyer is more important because there are many many things that can happen.

[Beaver1]

the retirement is still the easiest one if you have money on the bank.

Healthcare insurance is needed for the annual retirment extension, since a couple of month.
But the problem is no one of the immigration accepted insurances, insure foreigners if they reach the age of 70.

East in, west out since the last elections.

[Brit in Cambodia]

Basically avoid Asian property unless you absolutely have to.
Most Asian countries have duel citizenship where you can buy citizenship for a nominal amount. Think Cambodia is $300k which is cheap on the scheme of things you do need to be fluent in spoken and written Khmer though (although this is overlooked). However let's be realistic if a powerful local wanted to screw you they would just say your land deeds were invalid as you're citizenship is invalid because you can't speak Khmer.

A court is never gonna side with a white man against a local.

[BaldBastard]

Rent a place, stay for 3 months and if you like then and only then consider buying.

Personally, I'd never buy in Thailand, I've better ways to lose my money. There's PLENTY of cashed-up Thais with cash on hand for any real local bargains and a zillion hassle-free rental places.

I'm back to Krabi in April

Here buy a place in NZ

https://www.realestate.co.nz/3670387...s-road-glenavy

Small little shit hole in the middle of nowhere but I promise you you'll never lose your money. BTW 39k NZD is 25k USD

[sadiedazzle]

Simple answer. Never buy property in Thailand. You are only one bird flu epidemic away from ruin. And, as has been pointed out, you can't own it outright. Better to buy a property in a well regulated first world market, rent it out, then rent your dream joint in Samui or Krabi...or wherever you want.

[thommy]

Healthcare insurance is needed for the annual retirment extension, since a couple of month.
But the problem is no one of the immigration accepted insurances, insure foreigners if they reach the age of 70.

East in, west out since the last elections.

I am lucky - I have a 40 years old private insurance contracts that is today not existing anymore wich is valid worldwide (including USA).
Newer contracts like that do not exist and ALL are excluding USA.

Also the insurance is not asked when you have at least 800.000 THB in the bank (untouched for at least 6 month)

[adultinnovation]

Was thinking about Cabarete in the Dominican Republic too... they have some nice Condos for cheap in DR near the beach for only $70k.. Cabarete is a resort town on the Dominican Republic's northern coast known for surfing.

https://www.youtube.com/watch?v=X5_4UOIWPy0

https://www.youtube.com/watch?v=5Ws0JJknX7w


The complex features:
- onsite private parking
- free fiber-optic internet in common areas
- resort style oversized pool
- bar and restaurant onsite
- full time rental administration and front desk for check-ins and renter services
- 8-minute walk to the premier surfing beach in the Caribbean. Owners and tenants also have use of a complimentary shuttle service to the beach and to the neighboring towns of Cabarete and Sosua.

- modern kitchen with granite countertops
- Hansbrohe bathroom fixtures.
- Imported African oak doors

[MatureKing]

Hey hey... What about bad guy resting with bitches in your condo?

[mce]

All that for $70K? Not bad! How's the traffic and crime?

Was thinking about Cabarete in the Dominican Republic too... they have some nice Condos for cheap in DR near the beach for only $70k.. Cabarete is a resort town on the Dominican Republic's northern coast known for surfing.

https://www.youtube.com/watch?v=X5_4UOIWPy0

https://www.youtube.com/watch?v=5Ws0JJknX7w


The complex features:
- onsite private parking
- free fiber-optic internet in common areas
- resort style oversized pool
- bar and restaurant onsite
- full time rental administration and front desk for check-ins and renter services
- 8-minute walk to the premier surfing beach in the Caribbean. Owners and tenants also have use of a complimentary shuttle service to the beach and to the neighboring towns of Cabarete and Sosua.

- modern kitchen with granite countertops
- Hansbrohe bathroom fixtures.
- Imported African oak doors

[pornmasta]

i like poo...

[shimmy2]

this is a really good thread. to answer question yes I still go to dominican republic but i also own condo in thailand. everything said in this thread is accurate about the 51% ownership. go for condos/apts instead of houses since you cannot own land there. most eastern peoples live in modern vertical buildings, single family homes are really an american ideal unless you're in the countryside. on that note, you can rent my pattaya condo for 10k baht/mo long term or slightly more for short term. FS for 1.7mb

[plsureking]

try across the water koh phanang directly across from samui if you want more peace and quiet. yes foreigner can own condo but you cannot own a house or land without thai wife. the 'company name' thing always seemed a bit sketchy to me. best to just buy condo or apartment. from foreigner if possible. you can rent my place in pattaya in high season if youre interested

if your plan is to make money on rentals, stay away from krabi, chang, mak. these are mostly Thai vacation spots. they don't want to pay much and will try to screw you.

in samui, phuket, even pattaya, you can get a condo rented up all year long and there are farang owned management companies to clean and handle problems.

if you're just going to live in it, well, go stay in each place for a month. its cheap. we thought about living on Koh Chang for awhile. went down about 5 times. it got boring quick.



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[MatureKing]

Say hello to krabi ass

[thommy]

in samui, phuket, even pattaya, you can get a condo rented up all year long and there are farang owned management companies to clean and handle problems.

this is not generally the case.
conods that are allowed for holiday rantals must have been BUILD from the start on with the allowance.

actually 90% of all condo rentals in pattaya are illegal.

[ace0r]

Was thinking about Cabarete in the Dominican Republic too... they have some nice Condos for cheap in DR near the beach for only $70k.. Cabarete is a resort town on the Dominican Republic's northern coast known for surfing.

I invested in condos and villas in Cabarete and Puerto Plata during the recession, most of my clientele in Cabarete are kite surfers booking off airbnb. Look into the Ocean Dream development, a lot of European ex-pats are getting up there in age and are unloading fairly cheap right now. I love Cabarete and spend 5-6 months out of the year there now. I am in the process of acquiring some new construction condos in Puerto Plata, there is a lot money pouring into the area for new resorts including around 300 million from mariott.

[plsureking]

actually 90% of all condo rentals in pattaya are illegal.

exactly, so then i suppose it IS the case lol

TIT

i have friends with rental/airbnb condos at the beach.

#

[Beaver1]

Dream!

Say hello to krabi ass

Reality!



But wait, I still found an ass.




Thanks to Leo, closed for another two years.

[plsureking]

i like when it gets packed with chinese every year

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[shimmy2]

location closed for next 2 years they fixing the coral or something