Thailand - Eliminating Monthly Rent 

Thank you JC (again). The price of the Unit which you showed us is AUD$55,000 . When you consider that the similar unit which my Daughter and I have in Brisbane Queensland Australia cost $450,000AUD , that makes living in Thailand so ooo appealing. My only encounter with your beautiful country was last year(Sept.-Oct.) when my Son and I rode the Mae Hong Son loop. We set out from Chaing Mai clockwise. Ever since, I have had a desire to return . Once again - thank you for your informative videos.

I bought my condo 8 yrs ago,, rented it out every year and now its doubled in value. .

No disrespects JC but you have to be so careful putting money into Thai property its something I would never ever do.The Thais can change their property laws any time they like especially when there is a new king.They may even change their retirement visa laws even if it means shooting themselves in the foot.Keep property in your own country if you can rent it out,it will pay your Thai rent with money to spare even if you can't rent it will increase in value and you will always have a safe home to come back to.Renting is king in Thailand it may seem more expensive but any problems just hand back the keys and when you factor in service charges there is not a massive saving especially if you get a good cheap rental and yes I am a very experienced traveller to Thailand.

I invested in pattaya, jomtien in houses. I am from Australia. I will never look back as Pattaya is growing.

I was in Cha Am last week and was told about this condotel as a good option for monthly rental. Great location with good facilities for low cost. I am buying a small 1br condo in Bangkok (1.5m Bt - 27 m2) but plan to stay in various places for 1-2 months to see as much of Thailand as possible. Will probably end up building a small house in wife's village in Buriram as my long term base.

Thank you for sharing JC. I'm in my late 30's, any idea how to open an account in Thailand. I have plan to stay in Chiang Mai. It's getting costly in the develop city and I'm not saving much as the years passes. Getting aging is a serious business.

Looks like the original Crab Trap in Palmetto is now called the Sea Hut. JC, thanks for all you do.

1 650 000 million Thai Baht = $54 000 Aus Dollars - In Melbourne you would be lucky to purchase a dog kennel for this amount (in Sydney you wouldn't even get a bird cage!) - sounds like a good deal to me J.C.

I would love to buy a condo in BKK. But I gotta say I'm a little wary about some of the build quality. Friends of mine have a Condo thats just two years old and already the balcony has cracks in the wall. A new house I rented in Hua hin had cracks developing in the walls. In phuket I rented a month old Condo & the ceiling caved in during my shower. The condo management couldnt care less. Maybe just bad luck, but a bit of a pattern. If buying, My concern would be if the Management are actually prepared to get things that need fixing with the Building fixed, if things do go bad.

Yep - not bad - they look like 10 foot ceilings - which is always a plus. I like your advice to be patient and look around whats more in the thai targeted market - so impt whether renting or buying to not rush. So, can a foreigner own a condo in their own right or name or do they need to put it into a thai name? It would be a cheaper option i am guessing for what you could get in Hua Hin and be able to live a quiter lifestyle on the beach. It certainly has potential.

2014 1.65 million baht = US $45,800. JC, thank you. I was attracted to the title: "ELiMiNATiNG MONTHLY RENT" and the answer is to plunk down 1.65 million baht. LOL. Very funny JC.

Buying a condo in Thailand is a poor investment. Returns under the best of circumstances are around 6 percent, it is extremely hard to find tenants, older condos are out of style. This video starts out on the right foot -- it says rent, don't buy -- viewers should leave it at that. "But for some people ownership is important" -- right, think about that statement, it really boils down to "some people follow foolish emotions and stubbornly insist on doing self-destructive things." the rest of the video feeds that impulse.

I've only just noticed how low the purchase price for apartments is up in Udon Thani. Even if the rent was only 3,000 baht it would still seem to make sense to buy. Comparing Bangkok and Chiang Mai on the one hand and Udon on the other, the first two would seem to places to rent in, but the last - seems to - make buying rational.

Soundproof is very bad,low quality ,drain clogged very often.Nightmare

Another great clip with great advice, thanks, JC.

Not having a separate kitchen is definitely a downside to this property. I realise that it's an example of what one could rent, but surely there are better (more normal apartments/condos) with better layouts? Thank you JC.

They tell me u cant buy land inn Thialand if u not from there is this true?

I'm agreed that you are more free and flexible if you rent. But if this condo would be well maintained in the future, it could be an relatively cheap option for buying. Or even as an option to rent out.

Great place JC for the size and price. Little renovation and more furnishing could make that place very nice. Is this in Chiang Mai?

Hi JC, Great video keep it going! I have 3 questions regarding the retirement deposit. I'm sure I could just google to find the answers but I'm sure there are other members with the same questions. 1.) The $20K that needs to be in the Thai bank is that an interest baring account and if so is the depositor entitled to it or is that what the Thai Government takes? 2.) Can the $20K ever be withdrawn or is the person basically buying their retirement visa with this? 3.) When retiree dies does the bank/government keep this or is it returned to a beneficiary? You may not know all the answer but just thought to throw it out there. Ka poon Krap...( my attempt at Thai )

I've been thinking - or trying to! 1) The Thai government is desperate to promote economic development up in the North East. 2) Lots of the unemployed, or underemployed, workers need construction work. 3) Present public work projects - like building yet more concrete river walkway in Nong Khai - seem to be misconceived. 4) The rules require apartment blocks to be 50% Thai owned. 5) There are few Thais in the North East who want to buy an apartment. The tourist industry in the South seems to create both a demand for apartments to purchase by foreigners, and the single (mainly service sector) Thai workers who might want to buy one, or potential renters for Thai landlords. So - we need a scheme which will produce an apartment building boom in the North East without breaking any of the existing rules. Couldn't the Thai government (or regional development agency) build apartment blocks, sell half to foreigners and use the other half as, i) a rental operation, ii) an hotel, iii) housing for cops or milltary officers, or iv) government offices? I mean, it's striking that there is very little in the way of small apartments for sale outside of the main tourist areas in the South, yet there must be a big cohort of post-party age farangs who want something different. Having said all of the above, a licensing scheme to allow farangs to own more than half of certain apartment blocks - perhaps if you are over 50 - might achieve the same end.

thats a washroom in the 1st condo in the bedroom with 1/2 room

way too risky to buy in Thailand. The worst things can and often and I mean often do happen. Laws there do NOT favor foreigners. It takes little for some local or your ex girlfriend or wife to file a lawsuit against you, claim beating etc. and you will be out on the street. Happens more than you would believe. Also, many many and often cases where you buy a condo, the condo management steals the money, maintenance is not done, utilities go off, noisy neighbors either foreign or Thai make the place unlivable. Rent or lease and be incredibly safer

Thank's for the tour !

JC, I'm a fan, but I agree that the grinding noise was not acceptable for your vlog. The property was dated with very poor décor, and no A/C. Not a value proposition for this one.

I would stick to the rent principle, i don't want a karoke bar or motor cycle repair shop near me, without being able to move -:) Yes i go for the wise words. But i would like to live in a green area near/close to the mountains or with the mountains. I wonder is that really realistic?

Approx 33,000 euro

Hi JC, the 800,000 baht would be 1.6 million for my wife and I, right ? And does that need to remain in a Thai bank forever ? We can never use it ? Thx ! By the way, Sarasota guy here.

haha, that's where I used to live for about 6 months but on the 9th floor. have you seen on the main floor there was a posting board there with someone selling their condo for 890 000 baht? I reckon it was a double room.. might not be that big or nice but it was half the price

Can you set up a corporation and an LLB so you could buy and sell and avoid taxes and rules that apply to individuals?

Hi JC,is it possible to apply for retirement visa from Thailand or does it have to be done from home.did I understand you right? IOne would need 800,000baht in the bank,and thats it? or does that money have to stay in the bank or is there a monthly amount to show? Hopefully there is always that option?

I like Thailand quite well and lived in Bangkok 4 years (2004-2008), but a $47,605 70 Sq. flat with no Air seems pricey. Last month I bought a 192 sq. meter, 3BR, 2.5 Bath home with a 2 car garage for $124,000. It is a brick home, central heat and air, double pane windows, with a large back yard. This is in Oklahoma, not Thailand. :)

No this is another Great video. Thanks man

This unit has some nice space close to the beach which you would think will help hold its value or appreciate long term. Drawbacks aside, its pretty tempting to consider condos at this price range that will free up rent money from a monthly pension check. Also, what you would have spent during that time on rent after 10-12 years would have paid for itself. A retiree in their 60's could realize the return of this investment hopefully within their lifetime vs. more expensive real estate. Not a realtor, just say'in.

Im looking to rent a condo with three of my friends from sept 7 to sept 14 2016. where do i start? who can i trust to get this done? its only three weeks away we need to find something real soon. If you can help in anyway I would really appreciate.

I do both. Bought and rent

Hey JC, do they have moving companies there and usually how much it cost ??

Hi JC, that condo looks really nice for the price. Do you have a phone number or website to contact the Realtor? Is there a monthly association? Is there financing in Thailand?

i never know in which place you are, where you make your videos, would be intersting, maybe we wanna go there too.

this is one o my fav sites i have no relation to chiangmaiproperties.co.th also jc what about passport renewals you dont have to come all the way bak to the states i assume there is some consulate in bkk or chiang?

Do you have to leave Thailand every 2 months to renew your visa? That would make life very difficult if true.

staying in bangkok first couple days maybe pattaya the rest of the stay

Speaking of renting, JC do you think it is ok for a category 3 ripper to rent a lady in Thailand for a while and then switch to renting another lady for a while etc. rather than getting married? I'm late 30s and can't imagine myself getting married to one lady even if she is a good one. I like the idea of switching from one lady to the next for the next 30 years or so. Comments?

Any advantage to both of us putting that much money down ? And the money has to stay there as long as we remain in Thailand ? We've been in N Carolina for 9 years, so I'll have to check on the Crab Trap.😀

Looks like a lot of space. Good for a retirement visa. I would hire a lawyer to buy anything. Make sure everything goes through legit.

if want to retire in thailand i will buy, then rent. if rent 20years, count the money. you can own a proporty already.

Love the site.....but cant get use to the Tiger Woods hat....especially with his history

nice video!

JC, do you rent or own?

When married in Thailand with a thai girl, you only need half; that is to say 400,000 B.

How do I eliminate paying monthly rent on my Thai gf? 555

retirecheapjc JC. Do You have a twin Brother whos works as a Postman in England?? :))) Really. haha.

that condo was vastly overpriced

Perfect to place record... >.

I don't like that flat, it completely lacks authenticity & charm.

Click Baited once again

As usual JC Thumbs Up