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BANGKOK 19 July 2019 19:41
nomad2019

buy condo in pattaya for investment / which one ?

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5mill sitting gathering dust , im thinking about buying condo and renting it out, maybe 5M could get me a return of 30k baht per month ?   

i need advise

was staying in city centre residence in pattaya , lovely development but can see the place falling apart allready , tiles coming off walls in pool and buildings, gardens unkept, management is crap it seems so i wouldnt want to waste money on somewhere like this.

 

maybe a large house with pool would be better  ????

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35 minutes ago, nomad2019 said:

can see the place falling apart already

Ah amazing Thai construction.... and the developer's done a runner too. The bank wants to repossess as said developer hadn't paid back the loan he took out to build the place. Where have we heard all this before.

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Go for the house with land and expect everything you touch to turn into gold.

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Put the 5 mill in to a "high interest" bank account while you look for the "perfect" condo.

If it where me I'd possibly buy a 1.3 (ish) mill condo with minimal furniture and try to rent it out for 5,000 (ish) per month..even then its a big risk the renters don't pay water/electricity and "trash" the place...not necessarily deliberately trash it just totally neglect to clean or take care of anything from the day they moved in...broken taps,shower head,toilet seat,blocked drains,light switches and plug sockets broken,aircon never cleaned ,kitchen covered in grease, every wall grubby and needs repainting etc etc etc.

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Bangkok along the BTS line would be a better investment than Pattaya. 

 

Last time I went to Pattaya we stayed in a condo and about 70% of the units were empty, except for the banners and signs in Russian offering them for sale or rent. 

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Posted (edited)

Forget renting..
All kind of potheads, alcholics and sort of people you do not want to try your chances..

Buyers market so most of the money is made when buying,, When you find a good deal you have to decide fast..
 If possible add value to your new  condo without spending too much money and time and back to market with pricing you make money..
As for "which one, what price" etc you have to figure that one yourself.. I am pretty sure you are not given winning formula here for very obvious reasons,,..

Edited by thaitero

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I don't know any expats in Pattaya who pays 30k a month rent, usually 20k max. Tourists are paying 30k a month for a month here and there, unlikely to be continually rented, probably mainly high season.

Better to stick the money on the stock market, very liquid investment where you can get your money back within days

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7 minutes ago, scubascuba3 said:

I don't know any expats in Pattaya who pays 30k a month rent, usually 20k max. Tourists are paying 30k a month for a month here and there, unlikely to be continually rented, probably mainly high season.

Better to stick the money on the stock market, very liquid investment where you can get your money back within days

yeah right tell that to the millions who lost there entire life savings when the market collapsed in 2008 and literally fell off a cliff so fast that stop losses were unable to be triggered. I bought a condo here at the time but was told I was an idiot. Those same guys are back in The usa stocking shelves at walmart at 60 and I find that amusing.

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yeah right tell that to the millions who lost there entire life savings when the market collapsed in 2008 and literally fell off a cliff so fast that stop losses were unable to be triggered. I bought a condo here at the time but was told I was an idiot. Those same guys are back in The usa stocking shelves at walmart at 60 and I find that amusing.
2008 was great i piled loads of money in, obviously someone investing in the stock market need to tread carefully

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