Owning Investment Property in Thailand 🇹🇭 (Video Tour)

Check out my mobile app - Teenee - and take your Thailand experience to a whole new level:
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Can foreigners own Investment Property in Thailand? This video answers that question, and tours your through a multplex (multi unit rental property) for sale in Pattaya. I found a great place to walk me through the numbers, discuss the legalities of it and take us on a video tour. Then, we met the owner, who is an amazing guy, and he let us take a quick peek inside his INSANE house that is also for sale. Would you ever consider selling it all and moving to Thailand to buy something like this?? Comment below and let me know. And oh yeah, wait 'till you meet Lyle. This guy gives new meaning to the word 'chill'.
If you are interested in this place, contact the nice people at Coastal Real Estate who were kind enough to take the time to show it to me:
Website: www.coastalrealestatepattaya....
Office:
+66(0)81 269 0742 English
+66(0)90 236 2241 ไทย English
+66 (0)38 190925 ไทย 中文 English
Line ID : @coastal
or email them at info@coastalrealestatepattaya.com
Here are a couple of more videos of these same places:
The multiplex: bit.ly/2fGUYbK
Lyle's house: bit.ly/2u3acik
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Пікірлер: 315

  • @IdeaStudioBKK
    @IdeaStudioBKK3 жыл бұрын

    His personal house is baller. Also, a guy named Mohawk... it doesn't get much better than that.

  • @streetfoodquest4198

    @streetfoodquest4198

    3 жыл бұрын

    DANA!!!!!! Would you buy this place?

  • @IdeaStudioBKK

    @IdeaStudioBKK

    3 жыл бұрын

    @@streetfoodquest4198 If it was in Bangkok, for sure. But Pataya life isn't for me. it's also a bit out of my price range. 5555. But Jib and I have some long term plans for a pad and design studio in BKK in the next few years hopefully.

  • @lukerabin5079

    @lukerabin5079

    2 жыл бұрын

    @@IdeaStudioBKK cool! I’d love to talk to you about that Dana. Mine and I are thinking about similar ideas, in similar locales.

  • @IdeaStudioBKK

    @IdeaStudioBKK

    2 жыл бұрын

    @@lukerabin5079 Def hit me up, always happy to chat.

  • @edgybear9915
    @edgybear99152 жыл бұрын

    Nice, I plan on investing in real estate soon.

  • @edgybear9915

    @edgybear9915

    2 жыл бұрын

    @Higgins Moore interesting, can you tell me more on this, I'm interested😶😶

  • @edgybear9915

    @edgybear9915

    2 жыл бұрын

    @Higgins Moore Which is more preferable A trading company or a trader?

  • @edgybear9915

    @edgybear9915

    2 жыл бұрын

    @Higgins Moore I've seen different recommendations about Mrs Ellie McKenzie on some crypto currency videos here on KZread, she must be very exceptional for people to talk this good about her even on this platform!!

  • @edgybear9915

    @edgybear9915

    2 жыл бұрын

    @Denise Allen really?

  • @edgybear9915

    @edgybear9915

    2 жыл бұрын

    @Higgins Moore I once thought of Investing in crypto around July 2018 but was discouraged with the rise and fall of bitcoin. But seeing this I think I'll try trading with Mrs McKenzie

  • @billiam4835
    @billiam48353 жыл бұрын

    Easy to buy very difficult to sell

  • @MariaGarcia-gv8hj
    @MariaGarcia-gv8hj10 ай бұрын

    Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment:|

  • @lovetypauline6530

    @lovetypauline6530

    9 ай бұрын

    Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.

  • @MariaGarcia-gv8hj

    @MariaGarcia-gv8hj

    9 ай бұрын

    No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.

  • @lovetypauline6530

    @lovetypauline6530

    9 ай бұрын

    Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.

  • @MariaGarcia-gv8hj

    @MariaGarcia-gv8hj

    9 ай бұрын

    I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.

  • @davidomcculloch3109

    @davidomcculloch3109

    9 ай бұрын

    Maria, Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on KZread videos and attempting to manage my finances on my own hasn't been very effective.

  • @CaneBTC
    @CaneBTC3 жыл бұрын

    Wow, prices are much higher than I expected for such high risk.

  • @cherryberry2961

    @cherryberry2961

    3 жыл бұрын

    Thailand is more expensive than people think.

  • @markthomas1341

    @markthomas1341

    3 жыл бұрын

    Yes ....i agree....didn.t expect those figures ....even with the "Wow" factor

  • @packageism

    @packageism

    2 жыл бұрын

    Price is high but doesnt means its worth that or that he will sell it for that!!!!

  • @epasternak4206

    @epasternak4206

    2 жыл бұрын

    @@cherryberry2961 it certainly can be of course, it really depends where in Thailand and how you wish to live. This is only one option. Cheers and beers!

  • @borstalD91239

    @borstalD91239

    2 жыл бұрын

    Asking price don't mean much now....buyer's market not sellers

  • @BadApana
    @BadApana3 жыл бұрын

    This is my favorite video of yours so far. Both properties really are amazing and wonderful!

  • @andrew_to
    @andrew_to3 жыл бұрын

    Love these property videos. Excellent work. ⭐️

  • @sirrebral
    @sirrebral3 жыл бұрын

    The 500K USD scenario means financing about 1.75M US. Let's assume that the seller wants a 5% return on his loan; that's a payment of $9,400 per month (assuming principle & interest over a 30 year amortization period). So the 300K THB per month in net rents (~$9,150) would be a small loss of $250/mo...and that's before factoring in things like vacancy/turnover, taxes, depreciation, dips in market value, etc. It's not necessarily a bad option as an owner-occupied place, especially given a possibility of earning equity over the long term (maybe), but it's not a no-brainer investment either. For example, one might take that 500K USD and invest in funds that average a 4% annual return; after capital gain taxes, one would net about $1,350 per month, which is close to double what it costs for a long-term rental in Thailand.

  • @vanhocwong6689

    @vanhocwong6689

    3 жыл бұрын

    Just my opinion, but I suspect when you buy into the company, there will be loan/s inside the company. If anyone is interested, I hope they employ an independent accountant to go through the books. Pattaya, like the rest of Thailand is suffering a downturn in tourism. So you really need to understand the full impact of what you are buying. Just have your eyes wide open.

  • @marquis51

    @marquis51

    3 жыл бұрын

    indeed seems much easier to invest in funds

  • @vanhocwong6689

    @vanhocwong6689

    3 жыл бұрын

    @@marquis51 Pls don't take this the wrong way. Its just that when you are thinking of investing $1M plus, you should do proper due diligence. And one should further note, in a down market, properties are one of the hardest to turn into the liquid cash. I heard many businesses and apartments are up for sale, throughout Thailand

  • @kippsguitar6539

    @kippsguitar6539

    3 жыл бұрын

    thats right, for rental income buy small 1 bedroom places and get big yields, bargains galore now

  • @willsmith39

    @willsmith39

    3 жыл бұрын

    @@kippsguitar6539 Even if for some reason you don't want to invest in funds but property, why property in Thailand and specifically a place like Pattaya? I'd be doing something like this in a country where I understand the market better, the laws weren't different for foreigners and crucially where both rental yields and capital growth on the assets was high. I don't know anyone who has bought into condos in Thailand and made huge returns, mostly I know people where it didn't do much or went down. And second hand condos in Pattaya can often be quite illiquid. Whereas if I'd stuck my 2.5 m USD in Vancouver or Melbourne or Miami 5 years ago then I'd be looking at pretty healthy grains. ( I'm using the 2.5 because that's what this costs - not because I've got it in a suitcase in front 9f me 😄) So I'd say buy in the place you know and use the money that investment throws off to fund your life in Thailand. People get caught up in renting is a waste of money, it absolutely isn't if you could using your asset purchase money more effectively some place else.

  • @markthomas1341
    @markthomas13413 жыл бұрын

    Another great video Chris....stunning rentals and a really great property that Kyle is selling. Fingers crossed for my Lottery numbers to come up....🙏🏻🙏🏻🙏🏻🤞🏻🤞🏻🤞🏻🤞🏻

  • @WereinHuaHin
    @WereinHuaHin2 жыл бұрын

    Nice peek into a different world! Thanks for showing around

  • @nickross4307
    @nickross43073 жыл бұрын

    IF ITS SO GOOD WHY ARE THEY SELLLING ???

  • @dfilion3
    @dfilion33 жыл бұрын

    Personally if I was selling a 500k house I would rent in Thailand and buy Bitcoin after it crash. In 10 years it would likely be a better deal.

  • @jonklause5130

    @jonklause5130

    3 жыл бұрын

    BUY BITCOIN

  • @packageism

    @packageism

    3 жыл бұрын

    And ethereum

  • @markthomas1341

    @markthomas1341

    3 жыл бұрын

    Absolutely right....

  • @kiwi123467

    @kiwi123467

    2 жыл бұрын

    Buy zil stake in moonlet or liquidity pool in zilswap earn 10% daily

  • @packageism

    @packageism

    2 жыл бұрын

    @@kiwi123467 just another shit coin?

  • @doughunter8396
    @doughunter83963 жыл бұрын

    Nice to see these kind of options are out there in Thailand.

  • @Adrian-S.
    @Adrian-S.3 жыл бұрын

    Both properties are incredible, but why is Lyle selling? short answer might be: no business, no renters. Which is very sad indeed. The reality in Thailand at the moment is truly worrisome. I really hope they will pick up business soon. It's good of Chris to show us these properties. It's good if he can help out the businesses. Good luck!

  • @brucewayne2773

    @brucewayne2773

    3 жыл бұрын

    Most of those complexes looks like they are empty at this point? why is he selling is a great question. You can buy or build a lot of nice places for his asking price.

  • @besouniveirs.1643

    @besouniveirs.1643

    3 жыл бұрын

    The funniest thing would be Lyle buying a mansion in California with all that cash a stupid farang would bring him.

  • @vintageexcellence

    @vintageexcellence

    3 жыл бұрын

    @@besouniveirs.1643 ha ha - 4 and half million won’t buy a mansion in California anymore, stupid falangs are the ones living in California trying to make a living with a California business that has a worthless workforce of entitled people and taxes going higher and higher every year.

  • @radical9er

    @radical9er

    3 жыл бұрын

    There is a bigger problem... global warming and sea level rising... Business wise, there so many empty properties for sell. They over built that city. Billions are frozen... Maybe Chris is a nice guy but he is not someone you can't trust for investment. He is either a dummy or a con.

  • @brucewayne2773

    @brucewayne2773

    3 жыл бұрын

    @@radical9er Chris is a very wise investor as we all know. He is just making content for his vlog, I don't think anyone is serious enough to consider buying anything especially multi million dollar properties in Thailand. At least I hope not.

  • @packageism
    @packageism3 жыл бұрын

    Hard to find tenants to pay such high rent and a BIG hassle. One tenant on top floor is from Russia having parties and annoying everyone else. Better off buying a commercial shop near a popular shopping center. 1 tenant 1 rent and easy to rent out if in a good area. It’s what we did

  • @dcm699
    @dcm6993 жыл бұрын

    I think sticking your 500k in an Index Tracker at 10% compounded would be a good option under current circumstances...and give you a nice income for a care free life in Thailand imo. Taking a deep breath and buying a 3 mil condo in the current situation which could last 2 -5 years yet is just too much risk IMO.

  • @Nautilus1972

    @Nautilus1972

    2 жыл бұрын

    500K into Bitcoin now will be 5 million one day within a few years. Your way would take 24 years to accrue the same gains.

  • @kiwi123467

    @kiwi123467

    2 жыл бұрын

    Rent buy zil or port on zilswap earn passive income exceeding 300%

  • @theslifestyle2030
    @theslifestyle20302 жыл бұрын

    Wow !! Super Crazy house and rental property Chris ! Thanks for sharing.....Def looking at this.

  • @antruok4950
    @antruok49503 жыл бұрын

    Super impressive set up - Lyle rocks 👌 - thanks Chris 😃👌👍😎🙏😷🍻

  • @Mr.TravelKing
    @Mr.TravelKing3 жыл бұрын

    Thanks for the insight Chris! Very helpful for those looking to buy property in Thailand.

  • @stevemyers2092

    @stevemyers2092

    3 жыл бұрын

    he should know he has a $2.5-3 million USD property on Samui

  • @Mr.TravelKing

    @Mr.TravelKing

    3 жыл бұрын

    @@stevemyers2092 Really? I did not know that, in that case he should know.

  • @besouniveirs.1643

    @besouniveirs.1643

    3 жыл бұрын

    ​@@stevemyers2092 the Moonstone villa? I was wondering how easy he rented what was listed on Bookingcom as a 61k/MO villa as a family getaway. Makes much more sense now.

  • @willsmith39

    @willsmith39

    3 жыл бұрын

    @@stevemyers2092 That means he has a 2.5-3m place on Samui. That doesn't make this, or even that, a good investment necessarily. But I'd be way happier of the two options to have that sort of money sunk into Samui than Soddom & Gemmorah on Sea. But I'd never put the sort of money into Thailand property anywhere. Just way to many risks attached and not enough upside. If you'd bought a parcel of beachfront 20 or 30 years ago in Samui then you've done very nicely I'm sure. But I'd be taking money out of Thailand right now not putting it in.

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    @@stevemyers2092 Just checked the Moonstone Villa. They are listing it on AirBnB for US$2,000 per night! Plus, they list themselves as a Canadian and Korean owners of the property -- which is impossible, unless they did something illegal. I think there is more to Chris than the fanboys and fangirls on this vilog realize.

  • @Moskvich007
    @Moskvich0073 жыл бұрын

    Have a good life Lyle in your crazy house. Tell us when the walking street is back

  • @godswillisaiahbassey680
    @godswillisaiahbassey6802 жыл бұрын

    This apartments are beautiful, wow! Wow!!

  • @dr.winstonsmith
    @dr.winstonsmith3 жыл бұрын

    Too much risk right now to drop that amount of cash for property in Thailand.

  • @dr.winstonsmith

    @dr.winstonsmith

    3 жыл бұрын

    @Bapo Boy If the “situation” restrictions keep fluttering in and out then you’re not going to get enough expats to fill your units and you’ll lose a lot of money. Too much uncertainty and the price is high, bad combo.

  • @nickross4307
    @nickross43073 жыл бұрын

    WHY IS LYLE SELLING.......???????

  • @michaeldo1988
    @michaeldo19883 жыл бұрын

    love you chris!

  • @SewbyPamela
    @SewbyPamela Жыл бұрын

    Chris, this place is absolutely amazing 🥰 I would love to stay during my visit to Thailand if it’s available.

  • @swedishburrito5073
    @swedishburrito50733 жыл бұрын

    👍🍺 Great video!

  • @nickross4307
    @nickross43073 жыл бұрын

    YOU WOULD HAVE TO BE CRAZY TO BUY ANY OF THIS....... WAY OVER PRICED AND TOO MANY UNCERTAINTIES..

  • @porkpie8667
    @porkpie86673 жыл бұрын

    It's such a good deal. That's why he's selling it .

  • @BrandonGolets

    @BrandonGolets

    3 жыл бұрын

    Exactly.

  • @hf3419

    @hf3419

    3 жыл бұрын

    Exactly, can’t rent out at such prices nowadays….. duh….

  • @porkpie8667

    @porkpie8667

    3 жыл бұрын

    @@hf3419 none were occupied in the video . 50k per month you would be lucky to receive 8k per month now . They do look good in the video

  • @radical9er

    @radical9er

    3 жыл бұрын

    Great deal for them "wink" "wink". In fact in one deal he can secure all the necessary fund for his daughter's MBA =)

  • @porkpie8667

    @porkpie8667

    3 жыл бұрын

    @@radical9er most people think these KZreadrs are doing for a hobby . They are getting paid for reviewing places or adverts like this one .

  • @vanhocwong6689
    @vanhocwong66893 жыл бұрын

    Today, its 11,000 plus cases, and 101 deaths. This is Not going to end soon, unfortunately. And things around the world is Not getting any better. Definitely not the best time to buy any major property.

  • @brucef310

    @brucef310

    3 жыл бұрын

    so a 99% chance of survival. I like those odds.

  • @radical9er

    @radical9er

    3 жыл бұрын

    Chris is offering an alternative solution, how to probably die with a heart attack when you realized you have been screwed and ot's too late.

  • @bannertraveller5879

    @bannertraveller5879

    2 жыл бұрын

    @@brucef310 RIP

  • @brucef310

    @brucef310

    2 жыл бұрын

    @@bannertraveller5879 I'm vaccinated

  • @bannertraveller5879

    @bannertraveller5879

    2 жыл бұрын

    @@brucef310 good!

  • @findyourfocus
    @findyourfocus3 жыл бұрын

    This would be a foolish "investestment". It's more like a "divestment" a retire would never live to see a return and have to live with the stress of running a risky rental business that could go sour at any time. Better to just rent and enjoy your retirement as you should.

  • @snoopy13946
    @snoopy139463 жыл бұрын

    I haven’t even sat down with a calculator and already, as the guy is saying the figures and my brain is doing rough and quick calculations , I’m thinking that’s a poor investment.

  • @vintageexcellence

    @vintageexcellence

    3 жыл бұрын

    If this property worked like in the west and you could raise rents 2% a year and the building had appreciation then it makes sense. Also we buy on loans in the west so 80% is usually financed and we get 4% rates on commercial property right now if the cost is owner carried loan is not favorable then it makes it way less interesting.Trouble is so far these places don’t go way up in value over decades like back home. Hmmm that could change some day as foreigners are given the ability to buy land in Thailand which will happen someday.

  • @tianly6177
    @tianly61773 жыл бұрын

    Beware of the deal that sounds too good to be true. Beware.

  • @TheJHyvo
    @TheJHyvo3 жыл бұрын

    Only dark clouds over Thailand right now, so even if i would love to start invest thailand and pattaya, nobody can be sure what happens next year or two. Baht can go weak, tourists cant enter country, hell there can be even law soon that no farang can own anything in thailand. Losing 500.000 dollars is so easy.

  • @DarkoFitCoach

    @DarkoFitCoach

    3 жыл бұрын

    Yes rules change on the daily

  • @acboys6991

    @acboys6991

    3 жыл бұрын

    So true wait and see

  • @epasternak4206

    @epasternak4206

    2 жыл бұрын

    Absolutely, the country needs a new government IMO and fast.

  • @aussiebob7923
    @aussiebob79233 жыл бұрын

    Awsome Units & Unreal Private Home

  • @method341
    @method3413 жыл бұрын

    80 million baht.....get ouuta here!

  • @besouniveirs.1643
    @besouniveirs.16433 жыл бұрын

    Yeah we all know how well the whole "invest in condos" scam went even for locals with maintenance fees higher than the rent they could possibly get.

  • @Angelsk007
    @Angelsk0073 жыл бұрын

    Amazing!!! thimkimg about this

  • @narellec
    @narellec3 жыл бұрын

    Haha took the words out of my mouth. Soooo looks like Melrose Place!

  • @seanwitt864
    @seanwitt8642 жыл бұрын

    Chris, been a subscriber for many months now. Enjoy your videos. I was pleasantly surprised to see you working with Coastal. I recently worked with Kevin and the Coastal team to purchase a beautiful beachfront condo just north of Pattaya. I'm not an easy customer and Coastal worked very hard to meet all of my goals. They're very knowledgeable about the market and they were always very honest in dealing with me. Can't recommend them enough. Keep up the great work Chris!

  • @alanrankine1255
    @alanrankine12553 жыл бұрын

    Hugely entertaining and very interesting Chris. Thank you for posting. But wow, both properties are way more expensive than I was expecting and a massive risk too. But PLEASE do post more real estate vids - Koh Samui maybe? 🙏

  • @radical9er

    @radical9er

    3 жыл бұрын

    He should stay away from investment. He is embarassing himself and insulting our intelligence.

  • @alanrankine1255

    @alanrankine1255

    3 жыл бұрын

    @@radical9er Nah, I don’t see it that way. I see it as informative and most of all entertaining. No one is here for investment advise (I hope!).

  • @arnoldvosloo220

    @arnoldvosloo220

    2 жыл бұрын

    @@alanrankine1255 He could at least be honest about some of the cons of such a deal and pushback against the insane asking price. He is presenting this as a good investment when it's not.

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    Perhaps Lyle paid him to do a promo?

  • @radical9er

    @radical9er

    2 жыл бұрын

    @@ynotneb he should have disclosed it to the viewers and also not lie, pretending he is giving a great investment advice. Would dupe people because someone paid you to do so?

  • @4KChillVibes.
    @4KChillVibes.3 жыл бұрын

    Now that house is epic... and i bet has seen some even more epic parties.. Chris this share holder votes that this should be the venue for the first ever combined EGM and AGM for the shareholders of RWFY

  • @Cimon422
    @Cimon4223 жыл бұрын

    I would like to see something like this but for cheaper price... All the videos I've seen it's for millionaire

  • @Perfecthomescnx
    @Perfecthomescnx3 жыл бұрын

    interesting watch

  • @Posey12345
    @Posey123453 жыл бұрын

    Chris what a cool video thanks for the video

  • @graphicslost3046
    @graphicslost30462 жыл бұрын

    the place is called life beach for the condo

  • @robbieblackburn2880
    @robbieblackburn28803 жыл бұрын

    Tell him he's dreaming

  • @MrZola1234
    @MrZola12343 жыл бұрын

    I’d be more interested in owning a lower to middle class multi unit place that locals rent.

  • @iwjduean1
    @iwjduean12 жыл бұрын

    55000 per month to rent a room,I rather than buy a condo better. In Thailand , I recommend condo for living not for investment,

  • @sunnienie239
    @sunnienie2393 жыл бұрын

    It’s very beautiful luxurious apartments so to call the price as high as praying for the hotel

  • @jomontanee
    @jomontanee2 жыл бұрын

    Wow, great maintenance. 55k a month with 2 baths and 2 beds, full blown kitchen… worth it.

  • @cappuccinopapi3038
    @cappuccinopapi30383 жыл бұрын

    I really don't know about this one... still it was entertaining

  • @junglegeorge971
    @junglegeorge9713 жыл бұрын

    Damn, when can I move in? Super sweet! 💪❤️🇺🇸

  • @radical9er

    @radical9er

    3 жыл бұрын

    Make sure transfer to Chris half a million dollar first... you know what? Don't come... join the homeless and morrons in LA =)

  • @s.m.l.8040
    @s.m.l.80402 жыл бұрын

    Where is the ocean view? You can ask every real estate agent, what are the 3 most important things when you want to buy a property? The answer is: location, location, location! Without ocean view I would never spend any cent for a condo in Pattaya. Pattaya anyway is a very difficult market for real estate investments. There is far too much supply and vacancy and far too little demand, even before Covid. And the construction quality of most buildings is poor.

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    Besides, the ocean view in Pattaya is nothing compared to the Andaman Sea coast. If you want views, the rent cheaply and endlessly visit all the amazing beaches in southern Thailand.

  • @KH_Ong
    @KH_Ong3 жыл бұрын

    Great sharing Chris Assuming this property ( multi-apartment building ) able to fetch an annual rental income between THB 3.5M to THB 4M ( for the total 10 units base on pro-rated occupancy under the normal circumstanaces ), it would provide a gross rental yield of 4.5% -5.0% base on a THB 70M investment. The rental income for the company could be improved by coverting some of the 200sqm units into smaller units since the rentability and individual rental yield could be higher under the current pandemic market. This can be a perfect match for someone who is looking to settle down with a establised business In Thailand which come with work permit, especially with substantial saving on transfer fee (2% I presume ) since this is just a take over of company shares instead of the normal property title deed transfer. Property investment is all about long term and requires holding power, everything is for sale at the right price I guess. Wish you guys all the best.

  • @vanhocwong6689

    @vanhocwong6689

    3 жыл бұрын

    You should remember, the company which owns this apartment is 49% owned by the foreigner (Lyle) and 51% owned by a Thai national. You need to ask whether this price is Lyle's share or is it the whole company - note, you can't own 100%, so its likely the 49%. Secondly, my experience with Thai companies, is they are highly leveraged. IMHO, if anyone is interested in this property, they should hire an independent accountant to conduct a due diligence.

  • @KH_Ong

    @KH_Ong

    3 жыл бұрын

    @@vanhocwong6689 Absolutely, also check especially any back to back agreement for the Thais directors' holding under the company and as well as how many working permits available under the current organization setup, etc... "1st rule of investing, only invest in something a person understands ", your good point is helpful. ( normal practice for the take over of business do include the Thai's holding which include the back to back agreement, otherwise the investment is meaningless/risky). It is open market will willing seller and willing buyer, hope Lyle find the right buyer soon. Property investment is very illiquid which should be the main concern for any buyer.

  • @kippsguitar6539
    @kippsguitar65393 жыл бұрын

    i have been giving the opposite advice in south east asia for years, never sell your house in the west, cash in and move to thailand, fraught with danger, instead, live a great life on your fat western rent and chill unless you really know what you are doing

  • @stevemyers2092

    @stevemyers2092

    3 жыл бұрын

    that's what i am planning on - 4 condos rental @ $2300 each - $300 for condo fees = $2K each (easy) = X 4 = $8K less $2K (25% tax) = $6K after tax dollars to live on while my properties only appreciate. Can live on $6,000/month without a problem. likely spend $3-4K max and bank 2-3k/month = $25-30K year .

  • @AbroadInThailand
    @AbroadInThailand3 жыл бұрын

    I'm already in Thailand now I just need to get the money to invest!

  • @Stock12345
    @Stock12345 Жыл бұрын

    Do you invest in the Thai stock market?

  • @andrewmack2161
    @andrewmack21613 жыл бұрын

    Investing in property in any country is a big risk unless you understand the property market in the area. The Thai property market has been artificially high because there are so many Chinese investors desperate to get their money out of China (and away from the CCPs grasp). On top of that the explosion of the Thai middle class has given them some money to make investments in rental property, especially for airbnb income. So with the tough times in Thailand at present, there is lightly to be an excess of supply over demand, so Thailand is definately not a wise investment for a quick profit. Long term is a risk but will probably be OK like most other countries in the world. But be aware that property in Thailand can often take a long time to sell (1-2 years) if there are other newer developments in the same area, despite being correctly priced. Your money, your risk.

  • @aaronbux1
    @aaronbux13 жыл бұрын

    Christoph .. as always .. taking care of the people's questions and needs. Thanks Chris! .. and Adam for the stellar camera work!

  • @RetiredWorkingForYou

    @RetiredWorkingForYou

    3 жыл бұрын

    Glad you enjoyed it!

  • @kenplummer4644
    @kenplummer46443 жыл бұрын

    On the condos for sale, good to include the monthly assessment and tax costs, if any.............

  • @pluto2010
    @pluto20103 жыл бұрын

    Minor observation... Coastal is misspelled "Coatal" on the introduction.

  • @Neednoy2
    @Neednoy22 жыл бұрын

    If the vdo stated the number of renters will come with the property , it would be very helpful.

  • @leonardburns4589
    @leonardburns45893 жыл бұрын

    COOL !!!

  • @jagman4111
    @jagman41113 жыл бұрын

    there have been much much better appartments for rent in other vlogs in nice areas and sea views for significant less - so the rental income at that level sounds a bit of a fantasy to me

  • @willsmith39
    @willsmith393 жыл бұрын

    Love you Chris. But I'd run - not walk - from both of these even if Pattaya wasn't currently a giant homeless ( non) shelter. Which it is and God knows when it will come back and in what form. But even in the absolute boom times dropping 5M USD total in Soddom & Gemmorah on Sea for a mini condotel and a weird office complex come random 'villa'? Yeah - hard pass. On the condotel your current rental income would be a fraction of the numbers quoted. The house - I'll drop my 2.5m USD in the South of France and if it's going to be on Thailand it would be Samui or Phuket - not sleazeville. And I wouldn't be spending that kind of money on Thailand, too many unknowns. Maybe the next coup they won't be so keen on foreigners owning anything. Just rent people. You can rent awesome properties for peanuts there and it's not going to be leaping back up again anytime soon. Lyle seems a nice guy. Hopefully he doesn't need to get his money out fast / ever. 😬😬

  • @hammerhammer4784

    @hammerhammer4784

    3 жыл бұрын

    Wish Chris would tell the truth about investing. He's so hell bent on being the good guy thru this pandemic. If I listened to his advice I'd be broke asf.

  • @Irani_guy
    @Irani_guy2 жыл бұрын

    Hey Chris I am coming to Thailand to buy a condo. Would you recommend buying in Koh Samui or Bangkok? I want to use it once a year and rent it out.

  • @cherryberry2961
    @cherryberry29613 жыл бұрын

    Never invest in a country (Thailand) that you cannot acquire citizenship in!

  • @packageism

    @packageism

    3 жыл бұрын

    You are misinformed. I am married to thai with work permit earning 40,000 baht a month for 3 years. After 3 years I can apply for thai citizenship. Can take up to 3 years

  • @webosm6494

    @webosm6494

    3 жыл бұрын

    @@cherryberry2961 Personally know people who did that but they lived already more then 15 years in Thailand, spoke Thai and had a good job and money in the bank. It is definitely not easy as the low numbers of foreigners per year suggest (about a 100 or so).

  • @packageism

    @packageism

    3 жыл бұрын

    @@steveb1294 Maybe you should avoid bar girls.

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    @@packageism I've lived in Thailand for 40 years...had a Thai wife. Am fluent in the language. I have no chance of becoming a citizen. You need to read up on the requirements a bit more.

  • @lukerabin5079
    @lukerabin50793 жыл бұрын

    You’re right! It’s exactly the same vibe as Melrose Place! And Lyles place could be a totally baller night club!

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    dream on Luke

  • @lukerabin5079

    @lukerabin5079

    2 жыл бұрын

    @@ynotneb that’s all what old guys like me do anymore!

  • @orangeguy3314
    @orangeguy33143 жыл бұрын

    My property in Las Vegas has more than doubled in value from the time I got it in 2016 and will continue to increase in value. My home could very easily to rented out and managed by a real estate company. There's very little way to gauage the value of property in thailand and rather it will increase or decrease in value over time.

  • @tomiasthexder7673
    @tomiasthexder76733 жыл бұрын

    A fool and their money are easily parted.....

  • @a_pullin
    @a_pullin3 жыл бұрын

    eh is this a series of unlabeled sponsored videos?

  • @The_Lambs_Bread
    @The_Lambs_Bread2 жыл бұрын

    55k a month ain't cheap!

  • @linsayhenry920
    @linsayhenry9202 жыл бұрын

    What did you do for a living prior to vlogging?

  • @RetiredWorkingForYou

    @RetiredWorkingForYou

    2 жыл бұрын

    worked in the film and TV business for 20 years! but on the non-glamorous side supplying camera gear and post production services.

  • @seabrookcity8778
    @seabrookcity87783 жыл бұрын

    What is the cost of property taxes yearly where could i search to find out more?

  • @webosm6494

    @webosm6494

    3 жыл бұрын

    Property taxes are very low, nothing to worry about. For a condo service costs are the main thing to watch out for. Also for water and electricity rates as they are sometimes sub meters from a building, with usually high rates.

  • @ExtroLurkerhaz
    @ExtroLurkerhaz3 жыл бұрын

    It will take a long time for Thailand to get through current struggles, but as the baht keep loosing strength investments like these can be good ideas. However its not high time yet for the high rollers to move in and take over business, they want the ones thats collapsing and just need someone with liquidity to move in and prepare for tourists.

  • @AcmeRocket
    @AcmeRocket3 жыл бұрын

    His brother's name is crewcut

  • @blaze376192
    @blaze3761929 ай бұрын

    So whats the average cash flow a month?

  • @English.with.Mateusz
    @English.with.Mateusz3 жыл бұрын

    72,9 M THB during a crisis? Sounds a bit too much.

  • @tomheraty7456
    @tomheraty74563 жыл бұрын

    Love the apartment building Would you guys Give 72 million baht to get 3.6 million in a year 5 or 6 % yield for Thailand I think even at 10 % yield not for Thailand I feel for the risk you would need 12 % to 20 % yield

  • @charleskeegan248

    @charleskeegan248

    2 жыл бұрын

    Yes you will find a higher percentage yield from other projects for sure. The key to this is its unique style and large luxurious theme couple with location a few minutes to beach and city surrounded by amenities. You’d probably need to have a personal interest in the area and positioning yourself there as did the current owner as he lives between here and BKK. The 38 min Hi-Speed rail to BKK in 5 years time will hopefully play a major part in the long term investment in these large investment properties. Let’s see! For any specific searches give us a shout at Coastal and keep an eye on the website for more listings… www.coastalrealestatepattaya.com Thanks, Charlie Coastal

  • @nickk9499
    @nickk94999 ай бұрын

    This is just as expensive as western prices, if not more !!!!!!!!! Lyle is a shrewd hussler

  • @manvindersingh4384
    @manvindersingh43842 жыл бұрын

    Hey mate I watched a video from another guy he show some of elephants farm kind of farm they struggling with food. Can you make a video please and we happy to help them. Please please do that video there are soo many elephants and other animals need our help support. I can trust you mate.

  • @matthewyaquinto4662
    @matthewyaquinto46622 жыл бұрын

    That selling price doesn't make the investment worth it. You would earn a max 4% return if everything went perfectly. Too much risk for little reward..

  • @junglegeorge971
    @junglegeorge9713 жыл бұрын

    Wow… holy guacamole, Batman!”

  • @414ninja
    @414ninja2 жыл бұрын

    As a real estate investor and realtor, I love this video Chris! I will reach out to Mohawk, not to buy this particular property probably, but to at least understand the process of buying investment property in Thailand. Thank you again for sharing!

  • @RetiredWorkingForYou

    @RetiredWorkingForYou

    2 жыл бұрын

    Best of luck!

  • @charleskeegan248

    @charleskeegan248

    2 жыл бұрын

    That’s very good to hear, we really loved the job Chris done on these videos. We make videos ourselves all the time but Chris is so good on camera. Feel free to drop Mohawk a line any time he’d love to hear from you… mohawk.cr@coastalrealestatepattaya.com Thanks, Charlie Coastal

  • @jamesbond926
    @jamesbond9263 жыл бұрын

    Is there lifts

  • @packageism
    @packageism3 жыл бұрын

    His living areas are great but everything is open and full of mosquitoes. I hate being bitten by mosquitoes when chilling sitting around

  • @sno_mouse1235
    @sno_mouse1235 Жыл бұрын

    As awesome as that house was I would rather have something smaller.

  • @JohnLee-ht2pq
    @JohnLee-ht2pq3 жыл бұрын

    2.25 million for a 49% interest in the company?

  • @vanhocwong6689

    @vanhocwong6689

    3 жыл бұрын

    Foreigners can't own 100% of Thai companies, so yeah.

  • @harryshannon2579
    @harryshannon25793 жыл бұрын

    You done good this time m8:very interesting video. not a great deal but I think you can get the price down. Keep up the good work .👍👍

  • @Cimon422
    @Cimon4223 жыл бұрын

    The problem with purchase in Thailand is we need to have Thai person who sign with you. So this it's mean when you finished to pay the property, this Thai can say to you... Bye bye baby and keep the property you paid... And you can do nothing for protect yourself because the law in Thailand protect Thai but not farang...

  • @vanhocwong6689

    @vanhocwong6689

    3 жыл бұрын

    They are selling the company (at least 49%) which owns the apartment block.

  • @natdechawatjaiyasan8816

    @natdechawatjaiyasan8816

    3 жыл бұрын

    Happened to a uk bloke few years back in Phuket. Very sad indeed

  • @itsjazzyjamtime4198
    @itsjazzyjamtime41983 жыл бұрын

    wow amazing property, but I shouldn't have Watched The Serpent before viewing this vlog the apartment block had a similar feel to the one in The Serpent or is it just me...However, should be a great investment opportunity at a lower price,c19 recovery dependent and how the political situation pans out. QUESTION ? What is the reason for the vendor putting the apartment block on the market? are any of the apartments Occupied long term / short term?

  • @swhiting100

    @swhiting100

    3 жыл бұрын

    Lol!

  • @natetran9987

    @natetran9987

    3 жыл бұрын

    any missing foreigners in the area, with recent stay at the property? would make a pretty cool netflix series.

  • @zeebooboo578
    @zeebooboo5783 жыл бұрын

    Hey Chris....why you advertise haven for sale and there's no human there???

  • @Happyhealthyhorses2012
    @Happyhealthyhorses20123 жыл бұрын

    I’m sure this is a well meaning video. But the comments below speak for themselves.

  • @epasternak4206
    @epasternak42062 жыл бұрын

    It's a risk, go with the gut, and mine is 50/50 at the moment, New government is needed pronto! Pattaya Definitely would not even be a consideration for retirement in Thailand, like ever.

  • @ivari75
    @ivari753 жыл бұрын

    with a name like that he should have one...

  • @Nautilus1972
    @Nautilus19722 жыл бұрын

    500K into Bitcoin now will be 5 million one day within about 3 to 4 years.

  • @christianpeter3176
    @christianpeter31763 жыл бұрын

    Has anyone seen the serpent on netflix. If you know what i mean.

  • @MrLee1608
    @MrLee16083 жыл бұрын

    Foreigner can buy land in thailand?

  • @besouniveirs.1643

    @besouniveirs.1643

    3 жыл бұрын

    Of course not.

  • @graphicslost3046
    @graphicslost30462 жыл бұрын

    thats my dad

  • @jesuisrobert808
    @jesuisrobert8082 жыл бұрын

    he is asking too much for so little rental income and at probably higher interest rates than in the US. There is no buffer for unforseen capital expenditure issues. Good luck with that price and rental income.

  • @ynotneb

    @ynotneb

    2 жыл бұрын

    Places in Thailand that used to rely on tourist income (Pattaya, Phuket, Koh Samui, etc.) are being TOTALLY transformed by the pandemic. No one should expect the situation to return to what it was like pre-Covid. With such a huge unknown future, it would be insane to invest in the Thai real estate market until the dust settles and the trends are a bit clearer.