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BANGKOK 17 February 2019 08:58
Damian Murray

Holiday home Rental/Lease in Issan

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11 hours ago, Damian Murray said:

This is the type of feedback i am looking for, whether it's good or bad it's still feedback, I'm glad to hear that you have the experience of "been there done that" I need to hear everyones story and i dont care what your experience was, but its good to know if my idea will work or not, i dont know if i can rise above the pack or not, maybe a novel attraction would be helicopter tour flights, I am a rated helicopter pilot and if available, I could offer tours over the Udon Thani area

That might work, if you can get a work permit to fly in Thailand. I have no idea how large the market is. The topography around Loei would be interesting from the air.

Not "was", "is". I still spend a week in the Thai village; however, I then have to get back to the city to preserve what sanity I have left.

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Red lotus lake looks like on the pictures only for a short amount of time each year, most of the time it's just some random sea

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On 1/14/2019 at 8:11 PM, Damian Murray said:

This is the type of feedback i am looking for, whether it's good or bad it's still feedback, I'm glad to hear that you have the experience of "been there done that" I need to hear everyones story and i dont care what your experience was, but its good to know if my idea will work or not, i dont know if i can rise above the pack or not, maybe a novel attraction would be helicopter tour flights, I am a rated helicopter pilot and if available, I could offer tours over the Udon Thani area

I thought - & I'm not sure why I think so? but I thought airspace in Thailand was reserved for the military, apart from scheduled flights off course, never seen a private helicopter flying here.

I have previously thought about renting out as you propose, I have a large house set in 3 rai of manicured gardens, could easily rent out half the house to guests, I only got as far as the thinking stage as came to the conclusion that be near impossible to attract customers.

Try run an advert in ???????? magazine and see if you get any prospects?

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On 1/14/2019 at 5:14 PM, baansgr said:

Your partner could possibly make a lot of money but you.....not owning anything are unlikely to make a single penny, in fact if you are paying construction costs could invariably loose a shed load of money

always gotta weight the risk to reward.....and everyones different......especially women

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On 1/14/2019 at 6:05 AM, Damian Murray said:

Everyone seems concerned about my wellbeing, about getting ripped of by a Thai lady, I have been with my partner/soul mate for 15 years now and have never had to question her motives about anything that she has ever done for me, we have an understanding, what's hers is mine and what's mine is hers, we share all responsibilities towards home and family life, my qusetion, if you read it again was aimed at farangs, if local Thais want to rent then that's good for me but I'm not aiming at them, and the idea of free Thai cooking is for a tourist interested in thai food, and free scooter hire is also aimed at the tourist so he or she can go and visit the local villages and markets when they feel like it, the reason for this post is that I want to try and get an understanding to see if there is any type of demand for a small resort like this so I can weigh up all the pros and cons before investing time and money into something that could well end up, going tits up

You need to have a sound business plan, instead of trying to think about money.

 

Look at the total investment involved and then try to make an educated determination how long to recoup your investment. Maybe never in this case.

 

First of all understand the mentality of tourists to Thailand? Who they are, where they are going, what they want to see.

 

Look around right now. Do you see a multitude of tourists hanging out locally? Enough tourists to make a go of your plan? Probably Not!

 

Do you think they want to look at that lake for an entire week? No, no and probably never.

 

Red Lotus Lake is something to see, not a location to stay.

 

Overall I would say find some other avenue to make money or be prepared to invest and not recoup your investment.

 

Not sure the latest Thai laws on Air BNB, that might be a long shot, however, I just do not see anything other than viewing the lake for an hour as enticing people to stay a week or more in Isaan when they rather be at the beach, in Bangkok, Phuket, Pattaya, Chiang Mai, you name it other than Isaan.

 

Before any investment is made and lost, hire some college kids that can do a professional business plan for you. I think the plan would prove without a doubt there are not enough tourists or people interested for you to make money.

 

Is someone going to do completely out of the way to Udon Thani area to see that lake? Not me, that is for sure. It is too far from all the other main attractions in Thailand that get the majority of tourists.

 

it is good to dream about building a resort house and make fistfuls of cash, however, this is Thailand and the reality is zero.

 

Save your money and heartache.

 

Just not enough customers to make it worthwhile.

 

 

 

 

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On 1/14/2019 at 8:12 PM, Lacessit said:

That might work, if you can get a work permit to fly in Thailand. I have no idea how large the market is. The topography around Loei would be interesting from the air.

Not "was", "is". I still spend a week in the Thai village; however, I then have to get back to the city to preserve what sanity I have left.

 

Edited by bwpage3
wrong post

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On 1/14/2019 at 8:11 AM, Damian Murray said:

This is the type of feedback i am looking for, whether it's good or bad it's still feedback, I'm glad to hear that you have the experience of "been there done that" I need to hear everyones story and i dont care what your experience was, but its good to know if my idea will work or not, i dont know if i can rise above the pack or not, maybe a novel attraction would be helicopter tour flights, I am a rated helicopter pilot and if available, I could offer tours over the Udon Thani area

To fly over any city or populated area in Thailand, helicopters have a requirement to be twin engine. (unless that has changed recently). However, over the years, the majority of helicopter tour operators, even in the popular beach areas, have gone out of business. Insurance costs, maintenance, fuel, etc. simply not enough customers to make a financial go of it. This is Thailand, people come to Thailand because it is cheap, cheap, cheap to do things. Remember that!

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