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8 hours ago, sirineou said:

There is no time as the present.

sure, its a real gift... unless you have a migraine. 

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3 minutes ago, kenk24 said:

 

if you need any further info, you can PM. - - glad to help if I can. 

Thank you for that offer and may take it up. Ta.

You made several good points. For sure I won't rush. We will remain central Bangkok for the foreseeable future. She is bkk born and with or without me would be living in bkk.

For anyone looking at buying (and this is stating the obvious) the future bts mrt lines are worth considering. I spent time looking for maps that are exact. Googled stuff such as "future mrt lines Bangkok.

Lucky to eventually find a blog "Greg to differ". There is excellent map that somehow attaches to your Google map. It remains so future searches already has the new lines on it. Anyway as you search for re estate, makes it very easy to see how far any property will be from current and future lines. 

I understand the point you make about multiple listings. Heck it makes it hard to see if your interested when just general area is and not address.

 

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I thought this post may have bought out more soothsayers, only one so take care your nuts.

Yes, it is a great time to look seriously at something that really fits the bill, but you need to talk to your love about "for her to live" or to rent as they are normally two different beasts.

Do not be in too much of a rush & if see something that looks to good to be true it probably is.

I backed out of a near deal last year as a result of finding out of a "non effective" Juristic committee

Good Luck & remember Caveat Mentor

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Posted (edited)

I know of a nice discounted detached property in central bkk. The people want to sell up and move out. It’s 5 years old well kept property. If you want more details by pm let me know.

 

its a good deal considering the value. Being sold at reduced price for quick sale.

Edited by NightSky

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It is never a good time to buy as your resale value will be terrible if you can sell!

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1 hour ago, DrJack54 said:

makes it very easy to see how far any property will be from current and future lines. 

then the owners already know too and worse than actual values is people w/expectations... usually 2x reality... 

 

the homework here is going out and looking at lots of listings in the area you want to be and a good gauge is to ask how long the property has been on the market... there is no substitute for knowledge... you might even find an agent w/some common sense who understands what you are looking for and might know which seller is motivated... 

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Dr Jack, I suggest you should not limit yourself just to houses and condos. Empty land appreciates at a much faster rate and will ultimately give you (your lady) more capital appreciation.

 

If you want to produce an income, then buy a house/condo/commercial property to rent, but bear in mind the headaches that managing your investment may bring.

 

If you want to maximise your ROI (for your lady), consider buying land and holding it for ten years or more. I've lived in LOS for 30 years and have constantly kept my eyes open for the best long term investments for my 'spare cash'. I tried various routes in the past including the SET and gold with limited success. Houses, as another poster pointed out, are really not good investments. They need maintenance, are difficult to sell the older they get and hardly appreciate in value at all, unless they sit of a valuable plot of land. That's the key. It became clear as day to me that land produced the most steady and safe return over the long term.

 

So I have been investing in good quality farmland (different plots) and have enjoyed compound capital growth averaging 15% a year. That's very hard to beat. You can of course rent out your land if you wish, or grow trees or crops to produce a small income, on top of the capital gain.

 

TV members will cry out that as a farang you can't own land in Thailand and that's true. But in your case (as mine) you have a Thai partner who you love and want to take care of and you can also afford to lose the money if your relationship happens to turn sour. Perfect. So put the land in her name with no encumbrances.

 

 

 

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12 hours ago, Mama Noodle said:

Its been my experience that finding a 'deal' on a property is a matter of finding someone desperate, which is rare, and thais whether it be land, homes, or condos will just ask for a high price and hold it for 10 years if they have to in order to get it. 

10yrs ? by which time most condos will be falling down. Or fallen into disrepaired  slums.

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2 hours ago, kenk24 said:

sure, its a real gift... unless you have a migraine. 

The problem is, you don't know what you are going to get ,until  you get it . and in defending against "migrains" you miss out on life. The Op decided he is going to do it, he has his reasons, I say "do it now" no time line the present which is the only thing that truly exists .

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7 minutes ago, Caine said:

10yrs ? by which time most condos will be falling down. Or fallen into disrepaired  slums.

Rubbish.

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1 hour ago, Darkside Gray said:

It is never a good time to buy as your resale value will be terrible if you can sell!

Rubbish.

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On 6/10/2020 at 6:25 PM, DrJack54 said:

Thanks. Seems good advice.

Hope this doesn't sound like a brag. Far from my intention. I'm we'll set up and will pay cash. This next comment is more related to banks and financial generally.

I had April fixed term deposit in Oz mature April. 500k aud. It was @ 2.65%. The rollover offer was 1%.

Opportunity cost now is zip.

I think it's more if prices here will fall enough to justify buy later and more so exchange rates. In my case aud is bit of speculative currency. However Thai gov seem to be keen to have baht slide a bit.

Have you thought of investigating peer-to-peer lending? Ratesetter.com.au is currently offering anywhere between 2.5 and 6% on a one month rolling deposit. 6 - 7% on 3 - 5 year terms.

If it's for your Thai GF/wife, buy Thai condos. 300K to 500K baht, income from each unit 2-3K baht/ month. The old saying about not putting all your eggs in one basket.

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6 minutes ago, Lacessit said:

Have you thought of investigating peer-to-peer lending? Ratesetter.com.au is currently offering anywhere between 2.5 and 6% on a one month rolling deposit. 6 - 7% on 3 - 5 year terms.

If it's for your Thai GF/wife, buy Thai condos. 300K to 500K baht, income from each unit 2-3K baht/ month. The old saying about not putting all your eggs in one basket.

"Disclaimer: Investments made through a P2P lending platform are not protected and are subject to risks including credit risk (defaults) and liquidity risk. These investments are not subject to review by theAustralian Financial Complaints Authority."

 

good luck with that.

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Your basic idea has merit but trying to time the market is usually a fools game.  Somewhere in your area there is someone who, for various reasons, has to sell quickly.  Start spreading the word that you are looking to acquire property and be ready to move when you find the right deal.  You may find it tomorrow or next week, next month or next year but it will NEVER happen if you don't start.  Above all, don't take financial advice from anyone who is not financially successful.  

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Posted (edited)

If you're buying in your GF's name, there are many excellent deal I assume. I read few articles that lots of developers are giving great discount on condo sales. Seems like a two bedroom condo is in your budget. I think this is a good time to buy becuase once the economy picks up (assume 18-months) and there is a rush of Chinese buyers, prices will start to climb. 

Edited by Mulambana

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