Country Areas-mae Hong Son

[actiondell4]

Recently i have been looking on the internet looking at Thai property prices especially in the country areas such as Hua Han and Udon areas.

A lot of the houses in my opinion are far over priced nearly 2 mill etc.

Recently i went with a Thai friend to his area of Mae Hong Son up past Chiang Mai near the Burma border.

On visting his family in a house/shack which roofing was banana leaves and staying a few days i fell in love with the place.

The house was in a tarred road,about a 10 min drive from the main centre/shop centre.

The street had street lighting,and the house/shack was in neat condition with one bedroom and a large bamboo verandah with banana leaves as a roof.

It had a backyard outside toilet which had sewerage or pump out.

It had a pretty good sized backyard,fully fenced and a small front yard with a front fence.

On asking my friend how much it would be worth,he said about 300k,i thought what a bargain,and a good investment,but then he said who would rent this out?

Do you think these sort of places are great investments for the future?

Im sure there are always thai families wanting to rent these places out.

This was situated in Mae Hong Son.

I wouldnt know the current rental market up there.

[cloudhopper]

If the land does not have chanote or nor sor 3 papers, don't even think about it...

With lots of families wanting to rent (and no doubt perfectly maintain) your house, how long will it take to recoup your investement at say 1000B/mo?