Thanks for all the comments on the last video 👍 all 3 of us look forward to meeting you all again in MCG sometime soon 😁 let me know your opinion on the holiday home smart or stupid ? www.cocoastproperty.com/
Smart, it will be another stream of income. You're monetising your surroundings and your knowledge, Richie. It has to be done, or you and your family don't eat. We all gotta get our hustle on to make a buck/baht.
Definitely stupid. I've got my real estate investments in the UK, that'll increase in value over time. They also pump out rental income, which will allow me to rent anywhere in Thailand. This gives me total freedom to retire there. Thailand is a very unstable real estate market, with an awful secondary market.
Been watching you guys from the start, sorry to see that you are turning your content into selling rentals, why don’t you keep your lifestyle contents here and do new channel for your new business, you have started to lose me over last couple of videos sorry to say. Good luck
No point buying in Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy, you can move free and easy and are not tied to anything. Buying property in places like Phuket is just selling a dream, the reality is far from a dream - politically instability and visa requirements changing like the weather make a buying proposition a poor one - plus resale values on secondary markets in Thailand are not attractive. I love Phuket, have been visiting the place for over 30 years, but I know too many people who have had their fingers burnt buying property in Thailand.
i would not say there is no point, can you explain more about what you mean in relation to Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy also would you have to live in Thailand and have a work permit or could you invest from out of the country good comments though any advice on this is helpful 🙂
@@1111000ANGEL0001111 in simple terms; investing in Thailand does not (in my opinion) make financial sense. The smarter move would be to invest the money that you are planning to purchase your property with and use the returns to pay rent in Thailand. Most investment portfolios should be giving you a return of between 6-8% so assuming you have a decent amount invested you should be getting a large enough return to pay rent and cover your living expenses etc. Renting also allows you much more flexibility and doesn’t lock you into the over saturated Thai Holiday / retirement property market. If you get bored with one location in Thailand, you can easily up sticks and move to another, and renting allows you this flexibility and provides you with better financial freedom. To be clear, I’m not against living in Thailand, I love the place and have been a regular visitor for the past 30 years, what I am suggesting is that there are smarter ways of structuring your financial situation in order to provide you with more financial freedom / flexibility. With regards to where you invest, this would typically be your country of origin, for example - I know people who own property in Hong Kong and they rent this property out and use the income to live on and pay rent on property in Chaing Mai. I know other people in Hong Kong who have investment portfolios such as stocks, bonds, funds etc (all held in HK) who make good annual returns and can comfortably live off these returns in Thailand. I don’t know too much about the Thai banking system but from what I do know it’s probably advisable to hold your structured investments outside of Thailand in a place where you are very familiar with the banking system.
We make over 300k baht a month just on our rentals here and even more with the ones we own in the US. No debt on any of them. We travel the world and do anything we want. I’ve made millions in real estate and you never rent when you can own good properties in good locations.
@@1111000ANGEL0001111It all depends on your own place in life.. I know a very rich man, living in Thailand from US, who owns 3 villas in millionaires mile !! Tell him what you said, would make home laugh !
Don’t acquire anything in Asia in general, that you can’t take with you in a suitcase. 30 years of holidaying, living and working all around SE Asia has taught me this.
I bet there has been many a foreigner in Thailand that has heavily invested in property only to find their time on earth cut short. I wonder if their relatives back home ever have any luck in claiming any inheritance?
I've bought 3 properties in Thailand and all for personal use..if you think you can buy as an investment go somewhere else. Stop chasing something you no nothing about and concentrate on business you have
In my long 29 year experience in Thailand with property is simple....do not get involved in it unless you are prepared to loose money....the property market here can be a minefield !
Holiday home in Thailand - waste of money. Typical rental returns are 3% or less on average (don't believe all the stupid marketing hype of 8% a year, it's false most of the time unless your lucky and you won't be lucky forever) - rental rates per month, less than 20K BAHT is the average. A typical high yield money market accounts returns 5%+ a year with no risk. Stock market, on average 10% a year with little to no risk. It's cheaper to rent. Don't even ask me how many people I know that purchased a condo or house and 3 years later want to sell it - and they 100% always sell at a loss after factoring in maintenance fees, management fees, and taxes. There is no money to be made in Thailand renting out a property or owning one for vacation. Thats why renting is great! You essentially live for free. You live in Thailand, sure, buy something - it's your home - that's completely different. Even then, if your older, 65 and up retired, just rent, it's overall cheaper and if you want to move on, pick up your stuff and leave. No problems.
Investment property in your own countries and rent because you know the laws better and less chance off being ripped of .RENT RENT RENT IN THAILAND, because you can only lose your rent and deposit. Also you can move if you don't like area or neighbours to suit you.
Not good idea to invest big money in Thailand, as Farlang you can invest many Millions „ Euros „, but you never „ Thai“…always Farlang., I like you and Maybelle very much, thanks for all good Videos in the past but all „ new Videos „ are only to make „ Proberty Investment or RNBN Rental, for the most „ Follower“ not can stay more as 2/3 weeks and don’t want invest big money in Thailand…every year new rules..
Hi Richie, I heard you talking about having a previous business which was motorbike rentals. Could you please make a video about that? Really curious to know how profitable it might be and how hard it is to run such a business. Thank you
We own our own home and several long term rental villas here in Hua Hin in a Thai company which is a management company. I have a work permit. Wife 51% and me 49%. We pay taxes on all the rental revenue and our salaries. I am the managing director with sole signature authority and I also own the actual houses personally. Now my wife and I have been married 15 years and we still own quite a few properties in the U.S. in our LLC there. We have a long history together and a high degree of earned trust. It’s not for everyone but for me I’m quite comfortable with it. Everything involves risk but the question is not the risk, but whether it’s a manageable risk. This structure for me is the most manageable risk. Definitely use a good Thai lawyer to set it up. I’m a lawyer of 32 years myself and I’d never do anything here without a Thai lawyer.
Can you recommend any good Thailand solicitors and can you explain if you have to pay tax on your income in both were you live and were you Dont live or do you have a work around for this thanks :)
Ultimately its not worth it, better to buy for self use, if you achieve a great price. I've been Airbnb-ing in Gold Coast for 7 years to present, don't believe the hype
At the end of the day, you own nothing, lease, nominee partner, illegal! Condo, good luck, dont be a con man! Who wants to deal with something at the end of the day that you will never own.
The government of Thailand have zero desire for foreign property investment.. It's not encouraged! Same in Vietnam phillipines.. Don't waste your money or time. Sure rent day to day etc... But unless you have been married to a local f I r 15, 30 years don't bother!
When I was in Phuket back in 2012 I spent a few days looking at properties for sale. I remember a two bed, two bath apartment in a very nice complex, only 2 stories tall, massive wrap around balconies, big open floorplan, marble flooring, western style throughout, about 180 sq m and the price was about £110k. Six years earlier I had bought in the UK, 2bed 2 bath, about 85 sq m, and it was £170k. In terms of value for money, it was a no brainer. If the intention was as an investment and hedging on the resale value, well, who the f knows where it does and doesn't go, but in all the years since, and having been a property owner (UK) for the last 18 yrs, I have to say my view has changed. I'd now prefer to rent, knowing that I don't have a long term commitment, other than maybe 12 months lease, and if the landscape changes, I can scoot to Malaysia, Vietnam, Philippines, etc, if the circumstances in those other countries are more attractive. At least that's how I feel now.
If you really want to know how to do what he's trying to explain here, the best person (on youtube) to ask would be Chris Parker.. his Moonstone villa on Samui the example.
Your business vision is brilliant and your hard work will pay off. Great job on being the best husband and father. Do prioritize your family with quality time as your Maybelle and Masie are your precious treasures.
Hey Guys! Interesting and informative video! Thank you for your personal insight and perspective. Best wishes, good fortune, health and happiness to everyone. Stay safe
Fair play to u I remember u at the beginning u had a card in ur wallet. Look at u now in two years I am retiring age I hope to sell up &move to thiland 😊😊 close to beach with in walking reach😊
Great to see you again Richie we always enjoy your videos . you are giving good advice and information. My advice about property investment is do your research and know the risk and be able to accept those risks. We will be back soon and stop by and see you guys. Take care 🙏
some good tips i wish anything financial was straight forward though maybe you can cover more on if you must live in Thailand to invest there and tax on worldwide income and how this effects you investing if it does at all thank you
Forget about all the risky investment in real estate stuffs. I only have one word for you if you ever want to become financially independent and just live a life as a retired expat gentleman in Thailand by the time you are in your early 50s. That word is BITCOINS.
We both agree on what your doing, get all the property you can around your coffee garden, sit back and reap the benefits of haveing all your business close to you
