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Thinking of moving to Isaan


SteveK

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Hi guys,

 

I am considering moving to Ubon Ratchathani province hopefully within the next 6 months.

 

My situation:

Have a first class masters degree from a good UK university.

Am 36 years old.

Own a house worth £369k with £220k left on the mortgage.

Have around £25k savings. Also about £8k worth of stuff that I can sell.

Pissed off with current job and have left, pissed off with life in the UK in general.

Have a reasonable grasp of written and spoken Thai (but not really any Isaan).

Have just come back from several weeks staying in Khong Chiam, Pho Sai and Trakan Phuet Phon.

 

My question is, am I in a good enough position to consider the move? I have someone (Thai) who I can stay with for free initially. Income wise I have two options. She has said I can invest in her start-up shop for around 90k Baht which will give me somewhere to stay above the shop and will gets some money for helping out from time to time but obviously I don't think that's legal. Or I can look at teaching English, which shouldn't be a problem, I really enjoy languages, and hold a full clean motorcycle license to save money.

 

With regards to my house in the UK. I don't have family base I can stay at in the UK so if I sell it I am burning my bridges. I could rent it out, and I predict the rental, after deducting agency fees and mortgage will provide another 6k baht per month, with the added benefit that someone is paying my mortgage and I will have somewhere to come back to. But then obviously I won't get the big lump sum from the equity in my house.

 

Does anyone have any advice or questions?

 

Thanks in advance.

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I'm bored in the UK, my career bores the hell out of me and most of my good friends have moved away anyway.

 

If I keep my house in the UK and rent it, I will not be penniless in the future.

 

If I just go to Isaan with liquid assets, around £30,000, would you consider that to be viable?

 

I would be considering marriage and a work permit.

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3 hours ago, pr9spk said:

I'm bored in the UK, my career bores the hell out of me and most of my good friends have moved away anyway.

 

If I keep my house in the UK and rent it, I will not be penniless in the future.

 

If I just go to Isaan with liquid assets, around £30,000, would you consider that to be viable?

 

I would be considering marriage and a work permit.

ok i get where your coming from, your first priority must be taking care of YOU and YOUR future. keep the house thats a must. dont get married look on you tube my thai bride and dont believe that your one different she might be but you dont want to bet YOUR future on it. good luck mate.

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There is most stuff you may be looking for in Ubon except a beach and hookers on display...But there is a lake beach...The plus is Trans (myself) is renown in the area for his angels voice to captivate you and yours...:giggle:

 

On a more serious note you can PM me as l have lived in Ubon town for many years...:stoner:

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First and foremost do not let your house go

I don't believe you will only get 6k a month from the property but a lot will depend on your mortgage.

If you were to change it to a repayment only your mortgage payment would be approx £400

your rent would be around £1200+  leaving £800 minus management fees

This would change considerably if you had a repayment mortgage but you are 36 years old

I do this on a property of a much lesser value but much smaller debt and provides 25k a month ( i do not have a management company though) 

Think what that 220k would be worth in 25 years time (about 2 years wages) 

I had a friend who worked as a teacher (about your age with wife and child) in khon kaen He was happy but needed help, with air fares to come to uk on holiday, from parents 

Once here his wife decided she liked it so they decided to stay so that they would be better off ( but he had his parents very big house to stay in)

You just need to keep your options open here in the UK

A classmate from school spent 20 years going back and forth from Asia until finally returning to the UK as a teacher with his wife and children

Rent the house and use 7k of your savings to spend 6 months here and see what happens nothing lost but a great experience.

 

 

 

 

 

 

 

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Isaan dialogue is not the same and you won't understand one word of anything anyone says. Isaan women are devoted to their families and will always side with them. Many homes will Not Even have The Basics, Like Air Con, you Will Need To Survive. Isaan Is Super Boring And an Educated Person Would Go Out Of His Mind. The Best Advice In the World Is To Have An Iron Clad Backup Plan. Teachers Income Does Not Afford A Quality Life Only Survival. The fact She is Talking To You ABout Investing In Her Business is Gigantic Red Flag. 

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12 minutes ago, maxtwo said:

 

I would sell the existing property and buy two cheap ones to rent out as all the income from them would be yours

 

2 properties for 150K ? 

You obviously don't live in the UK plus the new rules that came into place 3 months ago regarding owning more than one property.

 

 

 

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13 minutes ago, Dene16 said:

2 properties for 150K ? 

You obviously don't live in the UK plus the new rules that came into place 3 months ago regarding owning more than one property.

 

 

 

Not entirely true - it depends where in UK you live. A mate of mine lives near Durham so i searched and found this 1 Bed flat in Durham

I pretty much searched at random but you get the idea - it could make a good rental property and at that price 2 properties would be £110K.

Also, if one is serious, there are legal ways to own several properties - company formation for example.

 

Having said all that, it's complex, requires the help of reliable legal people and may or may not be cost-effective. Still a possible method of offering the OP, a young man, the opportunity he desires.

Edited by VBF
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