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Buying Condos To Renovate

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A few members have mentioned that they have in the past or still are making a good return on investment on buying to renovate and selling condos in Bangkok. This has always been my plan for the future. The only bit I am unsure of is what is the best price range to be selling in ? ie: upto 2 million baht, 2 to 5 million or over 5 million baht. The other thing is what are the best areas to buy in in bangkok ? or to put it another way what areas should be avoided at all costs ? I am not looking to make massive profits, just a good return on investment. If I could buy, renovate and sell 3 properties in a year a profit of around 10 -20 % on total investment would be ok (on each one). For a total outlay of 2 million I would want to get back after all relevant taxes 2.2 - 2.4 million. I dont think this is been to greedy. For higher price condos the % could be lower.

Please advise me as to best areas to start looking in and best prices ranges. Advice from the members doing this would be great.

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