Lately have this fetish to think about buying Condo's to rent out so I can get income to live in Pattaya
I will have to withdraw the money from my retirement account though , but...I'm thinking I will have income coming in..
But then I'm thinking if I spend say 600,000 baht on a condo in the Nirun and it gets 4,500 baht a month rent ( if I can find a tenant) then after expenses it's going to take over 10 years to get the capital back.
I don't know ,is it worth the risk ?
Say I have 10 million baht in my retirement funds and I buy all these condo's and have only rent coming in and no monthly retirement income from the savings account as I spend it all on condo's .
I do think low class condo's would be better to rent out , I don't like the Nirun ,last time I was there to look it was 9am and shirtless farangs were just standing by doorways holding bottles of beer ,as I walked past one ,he lifted his beer up & he shouted out "bunny wabbit !!! Bunny Wabbit!
So I kept walking