dennis13 Posted August 19, 2007 Share Posted August 19, 2007 hi i'm dennis 26 years old im planning to buy a cople off condo's in thai to rent out. i have the money to do so, i just like to know or this is possible for me as a foreinger. and what are the papers and so to do so. i alsowe wonder do i need a business visa for this. Link to comment Share on other sites More sharing options...
JimmyCA Posted August 19, 2007 Share Posted August 19, 2007 why would you do this? please share your brilliant business plan Link to comment Share on other sites More sharing options...
londonthai Posted August 19, 2007 Share Posted August 19, 2007 from my own experience - it's very difficult to rent out property and most of the time it will be unoccupied. don't buy, unless you are going to stay there or your family/friends for a part of the year while on holidays. property in thailand, and especially in condos (for foreigners, in the touristy areas), is overpriced at the moment - not the best time to buy for rent. Link to comment Share on other sites More sharing options...
puuchai299 Posted August 20, 2007 Share Posted August 20, 2007 Renting out your Condo's can be ok,if your lucky to get long term rentals,but with high and low seasons you may find half the year they could be empty.You don't need a business visa to own them.If you buy at a good price and are prepared to wait keep them a long time then you may make money.There is loads of advice on the internet as to the in's and outs of the buying process. Link to comment Share on other sites More sharing options...
bendix Posted August 20, 2007 Share Posted August 20, 2007 why would you do this? please share your brilliant business plan Why wouldnt he do this? If he has the money and wants to do it, up to him. There are several half decent properties around delivering pretty good yields. You talk a lot, Jimmy CA, but you don't say very much. Link to comment Share on other sites More sharing options...
farangsay Posted August 20, 2007 Share Posted August 20, 2007 There , for the want of one inverted letter , goes a very amusing post. Link to comment Share on other sites More sharing options...
lannarebirth Posted August 20, 2007 Share Posted August 20, 2007 I don't know anything about the Thai condo market or your prospects for find ing renters. I HAVE been an owner of income properties in far flung corners of the world, and it's a pain in the ass. Invest in what you know. and is near to you. Link to comment Share on other sites More sharing options...
fletchsmile Posted August 20, 2007 Share Posted August 20, 2007 hi i'm dennis 26 years old im planning to buy a cople off condo's in thai to rent out.i have the money to do so, i just like to know or this is possible for me as a foreinger. and what are the papers and so to do so. i alsowe wonder do i need a business visa for this. There's plenty of threads on TV with answers you're looking for. From what I've seen rental yields are low in Thailand compared to other places - seem average 6% - 7% (pre-tax and pre expenses, but excluding capital gains/losses). Given the pitfalls/ risks that you'll read about on TV, I think there might be better ways for you to earn that sort of return, particulalrly if you're not based in Thailand to keep an eye on things. Link to comment Share on other sites More sharing options...
JimmyCA Posted August 20, 2007 Share Posted August 20, 2007 why would you do this? please share your brilliant business plan Why wouldnt he do this? If he has the money and wants to do it, up to him. There are several half decent properties around delivering pretty good yields. You talk a lot, Jimmy CA, but you don't say very much. nonsense once again Link to comment Share on other sites More sharing options...
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