Blindman

Woop!! I ment Leonah... sorry

Many students in Korea don't understand this and choose suicide over the possibility of failure. And these students are usually the best academically.

Your so right IT

Im half Korean half Vietnamese. I was raised in Australia and my father sent me to Korea in 1990 ( Korean University) to study. I couldnt handle the pressure put on me after 3 months of study and left , in doing so i bacame a disgrace to my father and my step sisters. It was one of the worst feeling i've ever had in my life.

A few of my sisters friend took their own life during the year that i was there which was tragic , but not as tragic as the fact that the parents of those poor students didnt know why they did it.

###### right it helps digger.

The more i read in this forum about property , the more it turns me off about the idear. I knew that it was going to be different obviously cause its another country , but how different ' i had know idear'.

Ive returned to Australia 4 years ago to start over again. For the last 2 years i've had my own companyand am earning 120k AUD a year. Being in this position i thought i couldstart now to invest in Thailand and in 6- 8 yrs time sell what ever else i have here and go to Thailand permanently.

Now i'm thinking why on earth should i go through with such a thing. I still will go and reside there in the future , but now im considering i'd better invest in property here in Australia collect the rent and live comfy in Thailand.

Looks like the only property i'd end up buying there would be the one i reside in.

I read georges site in regardes to property last night and even my wife couldnt believe how hard it was .

I was hoping to read at least some positive storys in other posts in regards to property , but have yet to come across any.

i'm not an educated person , but it doesnt take a genius to figure that perhaps thailand is not the right place for me to invest.

Blindman

Seller financing takes place in most cases rather than bank financing. The Seller knows it’s a good business and is more apt to finance than the bank. The banker just like in New Zealand is going to look at what happens to the business if you get in a car accident. If they valued the business on that stainless steel equipment you have in the kitchen, it won't be worth much if the place is closed if you are in bed. As many bankers tell me, I sure am not going to be serving beer that night if the owner can't. Unlike a house, if something happen, the house value is not going to be affected if you're sick. The business value is determined by the management. The seller is more a risk taker and if you and he can make that leap of faith that you are a good manager. He is more apt to finance than the bank.

Of course this is all based that you are convinced yourself, that your debt service will be taken out of the cash flow. The business has enough income to provide your family a comfortable living after paying any debits owed the Seller. The great thing also about Seller financing you can be creative; the Seller knows that December and January are better months than June or July in Pattaya. Perhaps you can have double the investment to give the Seller those months and nothing due in June or July or you can defer the investment for a balloon after the high season. There are no rules. Lot of times it comes down to personality between you and the Seller. Both of you’ll need to feel comfortable and take that leap of faith. More likely with the Seller especially if he’s motivated cause he needs to relocate, burnt out, etc. If by the chance, the business is losing money, the Seller won’t finance as he knows he won’t collect your monthly investment. Hence I like Seller financing better than the bank.

Hi guys

Just some Questions if you could help me.

So i presume Thai banks do lend falangs money for morgages.

- Do they do the same for investment properties

- What % would be required for a deposit ( downpayment ) for the property

I understand that it would be best for me to go PTY LTD ( Corp)

- If it is possible for my corp to get loans for investment properties and the corp has the money for the deposits , am i limited to the amount of houses or condos i can buy due to the fact that I ( falang) am 49% owner of the corp and my wife and daughter whom are Thai nationals own 51%..?

- Do thai banks have negative gearing like here in Australia..?

- What is the average % return you would expect on a house and condo investment ..? Does the return differ depending which area or city you buy in..?

- What % is company tax , is there a threshold.

- What % is personal income tax and its tax thresholds. ?

If theres anything that you guys think i missed out and should have asked , do tell me.

I've only just started planning a few days ago to move to Thailand so would appreciate any advice i can get.

Cheers

Simon

OOhh.. forget one more Question.

Having an account here in sydney and there in thailand would you be able to transfer money to and fro via internet banking ?

Cheers

bmanly,

You wouldnt know if there is a Thai bank here in sydney do you..??

I was hoping to start sending money to Thailand much sooner then having to wait till i get there in June , specially cause of the exchange rate.

Cheers

Hay... great thread guys.. learnt alot.

Cheers

Hi Guys,

Just wondering if anyone out there can help me with some advice.

My wife and daughter are Thai nationals living with me in Sydney. We made a decision last week to go back and live in Thailand in about 6 yrs , but in the mean time i want to go there and start buying afew houses. i'm planning to do this every 6 months to a year . This u could say would be our 'Nest Egg'. So now i've just started to look into it. I did find laws in regards to land ownership in Thailand, but reading it makes my head spin.

If there's a book " Step by Step , moving to thailand - For Dummys" i'd be the first to get it.

Area which i can think of now would be;

- buying houses for investment

- Transfering money to Thailand

- What kind of Visa do i need or should i get in this situation ?

I know that what i've written is very broad so even if u narrow it down for me and give me some step by step advice i would appreciate it.

Thanks