bosphorus

Then I guess I have to figure out if turning it into a business makes sense and what are the cons. Can I move my property with its existing mortgage into a business entity? can anyone recommend someone to speak to?

Sorry, I can't believe that is true. Can any authoritative source confirm that I can only deduct up to 100K THB per year of mortgage interest? If true, can someone confirm if I structure as a business I can get full deductions (and what are the cons to doing it as a business). Can anyone recommend a source/company/agency who knows there stuff on these maters. If they're good there is a good chance I'd use them to manage my properties.

"Interest on a mortgage in your own name for buying or building a home in Thailand can be deducted up to 100,000 baht." upto 100,000? I'm sorry what? 100,000 THB per year? My mortgage interest is 150k+ per month in the early part of the loan

Trying to find clear information on this. Forums post on rental tax seems to degenerate into talking about TRD is not even able to collect tax. Assuming I (OK, my wife) is a good citizen and intends to pay tax on the rental property, can I deduct expenses? I expect the rental income to be 200,000+ THB per month, and mortgage + insurance to be not far behind. Given that we recently bought the condo, most of the mortgage payment is the interest. If we find our rental income is below the interest portion of the mortgage payment, do we owe 0 tax on rental property income? Also what is this flat "rental tax at a rate of 12.5%" about? Do I read this right - if you rent out property (even for a few months), you are expected to pay 12.5% of the annual expected rental rate. What was the incentive behind that rule? Thanks

Is there any good posts/thread giving typical example scenarios. I spent 15 minutes reading it expecting to understand if I sell stock in the US (e.g. 100K USD), pay capital gains in the US (mostly at 15% rate), then do I: 1. owe anything to Thailand 2. need to 'do' anything (file a silly form) Similarly, I collect US rental income. I keep it in the states, but I can see a future where I decide to transfer something to Thailand (e.g. paying down a loan). If it's already been taxed in the US, how do I figure out my tax burden (if any) in Thailand? (or even perhaps getting tax credits back to the US) Another example If I send 5M Thai Baht to USA only then to send back a similar amount (say 4.5M THB), because maybe I changed my mind or I just needed the cash quickly to secure a property, then do I need to pay tax on that (and file a silly form of similar). Thanks

Thanks for that data point. Yes I saw that cap rates in Bangkok are around 5%. It goes without saying, part of the game is to try and find properties which you think you can make renovations to appreciate, will appreciate anyway (good neighborhood) or are just under priced. That and/or you can run a STR (e.g. AirBnB) from. I haven't got a particularly strong intuition on the Bangkok market, hence why it's all the more important to work with someone who does. Another question - Is there any good websites which list estimated home values or even past sales prices. In USA you have Zillow, Redfin. In the UK you have Zoopla or rightmove. I've seen this https://www.globalpropertyguide.com/asia/thailand/price-history but it's a bit to macro. Would be nice to get a break down by khets (เขต), but even those are large. I want current estimates, historical estimates and actual sale prices for individual properties (like zillow and redfin do). Thanks

Looking to purchase residential property (condo or house) as an investment (general approach buy for long term for appreciation with +ve cash flow from onset). I used to live in the USA and the quality between real estate agents differs dramatically. If you're just trying to get a property as a home for yourself to live in, you just need a realtor who's willing to faciliate showing properties and doing a basic mortgage. If you are interested in investing, it helped to have realtors who were successful investors (STR, BRRRR, flips, LTR, etc) themselves and had knowledge of more than just vanilla financing. I've met with a few real estate agent in Thailand (just connected through ddproperty or similar), but I'm not satisfied. All I spoke with have never done a refinance themselves or for their clients. One had done a flip. In USA there were real estate meetups, where often you could meet successful investors in real estate who would recommend or connect you with a good realtor. A property I recently passed on, was a new detached home in phra kanong/ekamai for 33M and apparently the realtor said it rents for 250k per month long term. I felt like that could be a deal, but the realtor wasn't able to (or perhaps willing) to verify this contract or connect me directly*. Maybe it really is just me and these kind of properties are not that uncommon, but they made little effort to convince me this is a good buy. Ultimately I felt like it's too good to be true, but I still wonder. I'm new to real estate in Thailand and I it feels like a lot more information is hidden. For all I know that rental contract may never existed or the current tenant is a friend of the owner and signed a contract to make the property more attractive. TL;DR how can i connect with a good realtor investor Thanks * if you have any good sources for getting comparables (prices, rents) in Thailand please let me know!