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Posts posted by Peterw42
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6 minutes ago, ChaiyaTH said:
Better off buying bitcoin from it, you will become rich in a few years from it too.
What is the rental return on bitcoin ?
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41 minutes ago, scubascuba3 said:If you carefully select the condos that are popular then you have a chance to rent it out often. In UK it's easy to find tenants as there is a housing shortage, in Thailand it's flooded with way too many condos, in Pattaya would be lucky if 50% occupied
Not every condo in Pattaya is a rental property looking for a tenant. Thais own condos and just leave them empty, foreigners own and use them for 2 months a year on holidays. Most of the time people have no idea about the status and occupancy of a condo block, just want to push the tired old narrative.
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Airbnb really only works in places like New York, Sydney etc, Where hotels are in short supply and they are expensive,
Otherwise, Thailand has 1,000s of great well priced hotels, completely legal, with all the usual facilities. There is literally no demand for Airbnb.
As for the OPs question, there is no margin at all.
To be competitive you would be renting for as low as 500 baht a night, and it costs 300 to have it cleaned, another 200 for fresh linen, 100 a day for elec, water, internet, condo fees etc. Wages for someone to meet and greet, and whatever cut Airbnb takes.
I dont know why this still gets discussed, its illegal, and there is no money to be made.
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1 hour ago, DudleySquat said:So foolish are most of you to celebrate what is already a dead strategy.
I think its foolish to celebrate the appeal process
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The owner can do whatever he likes, staying short term in a condo is illegal so you dont have a leg to stand on.
Stay in a legal lisensed hotel and you will have all the protection of the law, or actually sign a lease on a property and you will have the protection of the law. Otherwise, you dont have a reservation and you would not be checking in as its not a hotel, it sounds like illegal short term rental..
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Wife made us have a look yesterday, thinking there would be some great opening specials, there wasn't, lol.
Identical to macro, including the same prices, identical to the baht, so much for giving macro some competition and maybe lowering prices..
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3 hours ago, proton said:
Were they bribing an IO for an extension in another province using a fake address, or just assisting you with a legitimate application with the necessary funds?
I was using an agent because I didnt have the 800k ,It was all done at my local office using my actual address.
And, as I said, later I changed back to doing it myself with no problems.
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12 minutes ago, newbee2022 said:
If you're able to read and write your name you don't need a nurse, do you? For what an "agent"??😂
Usually people use an agent , and as the OP states, because they dont have the 800k in the bank.
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15 hours ago, timendres said:Beware of using an agent for this circumstance.
Once you have used an agent in this way, you are "locked in".
That's not true. I used an agent for a couple of years then switched back to doing it myself.
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OP, (as soi3eddie says above) developers can generate an FET from their account. Its very common, people send all the money to the developer, they dont even have their own account and the FET get generated.
The official blurb from the land office is "an FET showing the foriegner as either the receiver of foreign funds into their account, or showing the foreigner as the sender of foreign funds into any account'.
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1 hour ago, yankee99 said:
A wife as a shareholder and or director can never be a employee
Also if legally married you and your wife wont be in the social security system as technically you own half
So the husband can be a shareholder and an employee ? Just not the wife.
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9 minutes ago, siwiek said:
I asked the nice airport staff about this in Kuala Lumpur. They said Phuket has been trying to "hunt" for backpackers that buy tickets to KL from Phuket, never exit the airport immigration and buy a return ticket to Phuket to save money. Now this sounds totally foolish to me but that's their story. Probably why this nutter IO was going nuts on random people in line. I was dressed decently and my travel history all checked out which apparently just made him lose face so like a baby, he decided to double down on sadism and punish me (and a few other innocents, he probably does this every day).
What rubbish, you cant go from arrivals to departures in any airport without going through immigration, and that includes a transit lounge. How are people checking in for their return flight ?
Your travel history did not check out, by your own admission you have spent several months in Thailand this year, and reached your limit for land border crossings. Not sure how that makes the immigration guy lose face.
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I have read through this whole thread, and I cant understand the innocent victim, evil immigration narrative.
The guy has been denied entry for too much time and too many entries in 2023. In his own words "several months earlier this year", not 2-3 months, not a couple of months, not a few months, "several months".
And an admission of at least 2 land border crossings.
I suspect there are other relevant details the OP has maybe chosen to omit.
I dont get why these guys dont just admit to too many visits, not getting correct visa etc.
Instead, they have to make up rubbish about being the victim, a crazed immigration officials etc.
If you have a Thai family, then get a thai family visa. But I suppose that doesnt work as you cant play the victim
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Of course the helpdesk isnt going to advertise that they accept bribes to produce fraudulent documents.
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9 minutes ago, Crossy said:It would also tell if your new friend was a she
BUT
Either is true only if you understand BE dates and read Thai.
Thai ID has both dates doesnt it
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OP, do you want the drive repaired, or do you want data recovery ?
If you don't have any important data on it, then its not really worth repairing, just buy a new one.
If its data recovery, and you are reasonably handy, you can try and buy an identical drive and change out parts , put the platters from the old drive into new etc. Otherwise google data recovery companies, these are companies that specialize in getting data off broken hard drives, and will most likely be in Bangkok.
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You know who gets great satisfaction from the size of my penis ?
"ME"
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37 minutes ago, zappalot said:
I am completely aware of the fact that if you didn't pay maintenance fees you can not vote in the AGM.
But I do not see that such a person can not hold up to three proxies from other co-owners...
Its probably not specifically stated in the legislation either way, but I think it would come down to a local interpretation by the juristic person.
The guy who hasn't paid fees could always just bring along another person to vote the proxies.
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50 minutes ago, Skipalongcassidy said:
That's what I thought and put on my application... but not accepted by the system.
Just leave it blank, its not a mandatory field.
If you re-entered in June, it would appear you have already done at least one 90 day report, did you use the same stay visa expire date, was it successful ????
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The funds to buy a condo need to be sent to Thailand "as a foreign currency" and converted to baht by a Thai bank.
If you have already done this, then your bank will have no problem producing a letter/FET, that the land office will accept.
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What's happend to the old staples, a bumgun thread, a sinsod thread, and that old faithful "what happend to high season" ?
On a serious note, I always thought it would be interesting to have a census of members, Age, what visa/extension, do you use an agent etc.
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11 hours ago, arick said:
The main question of this article and the topic should be why the hell would anybody want to live in Pattaya unless your from <deleted> hole
Outside of the sexpat sois, its no different to the rest of Thailand, with a bit more western infrastructure.
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3 minutes ago, Henryford said:
Who are the "management" you had to fight? Surely the co-owners (via the Committe) decide what needs to be done. If the management company don't comply then fire them.
A lot of the condo management companies are like mafia, once they get into a building they are almost impossible to remove, they control the meetings, the proxy votes etc. renovations get done by the the management companies other companies.
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52 minutes ago, CartagenaWarlock said:It validates all my assumptions about foreigners marrying people outside of their culture with limited communication channels between the two parties.
The OP is highlighting a problem between a Thai national, her ID card and Australian immigration, I don't know that being married to a foreigner, or communications between husband and wife, has anything to do with it.
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Buying a condo as a long term rental
in Real Estate, Housing, House and Land Ownership
Posted · Edited by Peterw42
Maybe you dont know the difference between yield/roi and gain. (the OP is asking about return on investment on real property, not speculative gains on a ponzi scheme).
Its currently up 150% because it was down 200%, so many people are still 50% down, good financial advice, lol.