Awesome video! Not sure about making money back in a reasonable amount of time though. The 1 bedroom At 8,000THB a month it would take 22.9 years to make your money back and at 10,000THB it would take 18 years. I mean appreciation is good and all but that rent is not high enough for a rental property.
Rental yields are horrible since the peak of 2016, anyone that lived here long enough that knows it but there is always new people who try to shill them. The quality and maintenance is often horrible too, and as they are not really occupied, you pay management fees, you pay agent fees to find tenants that leave all the time + tax is coming.
if the audio equipment can just be left like that without disappearing, it's pretty wild and amazing i live in denmark one of the safest countries in the world according to so many people not even a remote control for a tv in a hospital waiting room can be left out without being stolen
Hey Paul, just a quick correction. The 2 bedroom condo you showed is not classed as a 2 bed per se. Noble classes it specifically as a 1 bedroom plus. The actual 2 bedroom properties would roughly be around 45-46sqm.
I bought a unit from Noble last year but located at Srinakarin road. It is right next to yellow line monorail Sri-Lasalle station. The unit I bought is 35 square metres. I actually wanted a bigger one, but 35 is the biggest. Haha. The common area fee is 45 bath per square metre per month, so it’s roughly 19000 B, pay annually in Jan each year.
I have rented it out since Jan this year for 1 yr contract. The renting in this condo is actually not bad. It is close to Singapore international school and not too far from hugh mall like Mega Bangna and Seacon Square. I put an ad on FB page and got many calls from agents & potential renters within a couple days.
I have never used airbnb before but renting a unit out for less than a month is prohibited for most condos. Some condos are very serious (and the owner will be fined heavily by the juristic office when it finds out) and some are not.
its not a shoe box.. its practical and beautiful.. there's no winter in Thailand.. all the space you want is outside.. American need to redefined the concept of space and self..
Hi Paul, I'm from California looking to buy a condo in Bangkok, do you know any agent or people that I can contact for help to purchase condo in Bangkok. Also this condo do they have 2 bedrooms? Looking forward to hear from you! Thank you!
@@innervisionjj How? Because they do have places that do Air BnBs. What is illegal is the ROI that you get when you rent the property out. Even though its start at 60K the ROI is still not worth it. That is the reason why I ask if they Air BnB the property out.
@@innervisionjj How? There are many foreigners doing Air BnB, as long as they follow the guildlines of Air BnB in Thailand and as long as the building allows it. The ROI is not worth the investment to only renting the standard month to month or long term lease. The price on that 60K condo (and other condos presented) have to be cut in half to get a proper ROI investment on the property. That all I am saying.
I wanna know 1 thing. I suppose you are on a DTV being a digital nomad, then how are you able to partner with them and are promoting it? Wouldn't that be illegal on DTV?
2.2M baht is like 65K tho, one could finance a house in Europe for that and actually get like 50k baht rental income. For 1.5M baht I would consider it.
It’s 25km away from the center, 3km from the metro station. And most importanly, it seems to be right under the flight path of the airport runway. To be honest, for the small size of those apartments, i don’t find it that cheap (and I’m from Canada).
Nice video. Like the lower-priced places. But beware buying Thai condos if you are a foreigner. Renting is the way to go. Many videos outline the problems.
Its a great price and very nice 👍🏻but that booking fee 😮 its looks like a deposit for rent and its not a rent if it is like one time payment for maintenace of the building than maybe but i think i prefer to live in a rent condo or apartment😂🙏🏻
Video got my entrepreneur mind thinking non-stop. I can LLC the $55K. Then, each year, use it few months, airbnb few months, send friends there few months. I like that it is near a university. I can send kids, nieces, nephews, friend's kid. Geez, options are endless. Have to go & see. Not sure why Thai has never been on my radar.
I wouldn’t recommend renting out property in Thailand. It’s an unregulated minefield over-there. Even if you went through a property agency to manage it. I’ve seen so many horror stories of Thai landlords getting their rented out properties completely destroyed.
@@GenkiStarLeaf Good point. But regulated markets are not EZ. An LLC friend rented out $350K house. Tenant secretly pet sitting with 5 animals trashing. It took 7 months to kick her out, So, she lived 7 months free before courts came to kick out. Money lost = 7 months x 3K = 21K + legal fees + renovation. They cry nonstop.
It's good for survival in luxury settings. At least you will never be homeless even if you lose your job and just get some contract work from time to time you can rest assured that your home is paid for at only $60k. I am speaking to Westerners that earn a good wage ($200k USD+).
60 k for condo in Bangkok is expensive...with 60k you can buy a big and brand new house outside Bangkok, unless you have a well paying job in Bangkok. Jobs are not 100% quarantee anyway...
Not having a 13th floor has NOTHING to do with Thailand - I suggest ou try finding a 13th floor in most of the world. GENERALLY not done, or not accessible (nice floor for some tech level).
As an investment it’s stupid you make your money back in 30 years. But if you just want a place to live and enjoy it make sense also you can just rent since you can’t own anything over there
it is not cheap at all. multiply it by 3 to get decent condo size and 70 sq come to almost 200K USD. for that money you can but a lot of nice properties in Spain or Italy
A Murphy bed is essential in this small space. Even then the size is very challenging. It looks very empty in the shared spaces which could be depressing.
it sounds like a terrible business to buy to rent out it will only take 21 years to break even if you only and then everything else comes next to it e.g. tax maintenance administration etc... you are going to lose a lot of money if you buy to rent out
@ZENbulldozer - Currently, Bangkok is in the rainy season and it's hot and humid so wearing loose-fitting clothing is a must! Light and airy clothing will keep you cool in a tropical climate.
Awesome video!
Not sure about making money back in a reasonable amount of time though.
The 1 bedroom At 8,000THB a month it would take 22.9 years to make your money back and at 10,000THB it would take 18 years.
I mean appreciation is good and all but that rent is not high enough for a rental property.
Rental yields are horrible since the peak of 2016, anyone that lived here long enough that knows it but there is always new people who try to shill them. The quality and maintenance is often horrible too, and as they are not really occupied, you pay management fees, you pay agent fees to find tenants that leave all the time + tax is coming.
Great video Paul ❤
My wife and I just bought a condo in Bangkok. Nue Core. We arrive in November. Wish you could check it out. Great video.
I'm curious what kind of stay permit you have to live there?
if the audio equipment can just be left like that without disappearing, it's pretty wild and amazing i live in denmark one of the safest countries in the world according to so many people not even a remote control for a tv in a hospital waiting room can be left out without being stolen
Well done, really interesting insight and great place. Thank you
4:10 This is what i need in a condo as a guitar player myself!
4:33 Crazy Train
4:38 Blackbird - The Beatles
Reasonable price. Nicely decorated room ❤
awesome. do you have any condos that have similar amenities but more spacious like a 2 bedroom?
Hey Paul, just a quick correction. The 2 bedroom condo you showed is not classed as a 2 bed per se. Noble classes it specifically as a 1 bedroom plus. The actual 2 bedroom properties would roughly be around 45-46sqm.
I bought a unit from Noble last year but located at Srinakarin road. It is right next to yellow line monorail Sri-Lasalle station. The unit I bought is 35 square metres. I actually wanted a bigger one, but 35 is the biggest. Haha. The common area fee is 45 bath per square metre per month, so it’s roughly 19000 B, pay annually in Jan each year.
Are u happy & are u renting it out when not using? i.e. airbnb or local. Congrats
thats far. you cant do airbnb.
I have rented it out since Jan this year for 1 yr contract. The renting in this condo is actually not bad. It is close to Singapore international school and not too far from hugh mall like Mega Bangna and Seacon Square. I put an ad on FB page and got many calls from agents & potential renters within a couple days.
I have never used airbnb before but renting a unit out for less than a month is prohibited for most condos. Some condos are very serious (and the owner will be fined heavily by the juristic office when it finds out) and some are not.
Using agent not good?
In Vancouver you have to pay more than that for extra parking space in popular downtown condos
Very nice👍👍 thank you for the private tour💜💜
its not a shoe box.. its practical and beautiful.. there's no winter in Thailand.. all the space you want is outside.. American need to redefined the concept of space and self..
Very nice for the price. What are the maintenance fees?
Nice, I would live there!
I’m sold. Looks like a nice place
Love it!! Thanks Paul🙌🏽🙌🏽🙌🏽
So like, how loud is it being that close to an airport? I know Bangkok isn't known for being quiet, but does this mean I'll be hearing planes 24/7?
Very nice!!! LOVE it
Very nice condo. Is there 2br/2ba units in this complex?
what is the HOA monthly fee? maintenance fee
It's a nice condo for 1-2 people and small budget.
What is the monthly maintenance fee?
Thanks for the video. Always love condo walkthroughs!! I wonder about rental income though. Thailand isn't exactly in a housing crisis.
You can get stable income with the right place but making profit from it is going to be tough. 1000s of condos are empty.
Hi Paul, I'm from California looking to buy a condo in Bangkok, do you know any agent or people that I can contact for help to purchase condo in Bangkok. Also this condo do they have 2 bedrooms? Looking forward to hear from you! Thank you!
paul got skills
How far is it from Central?
Do they allow you to Air BNB the property out?
No! That would be illegal.
@@innervisionjj How? Because they do have places that do Air BnBs. What is illegal is the ROI that you get when you rent the property out. Even though its start at 60K the ROI is still not worth it. That is the reason why I ask if they Air BnB the property out.
@@joshbrown3060 You will be a farang in Thailand violating your visa conditions for one.
@@innervisionjj How? There are many foreigners doing Air BnB, as long as they follow the guildlines of Air BnB in Thailand and as long as the building allows it. The ROI is not worth the investment to only renting the standard month to month or long term lease. The price on that 60K condo (and other condos presented) have to be cut in half to get a proper ROI investment on the property. That all I am saying.
No. It's illegal
Anyone else low-key considering quitting their job and moving to Bangkok after seeing this? 🌴💼 $60k is a steal with all these extras!
Story of success - from NYC to real estate agent in Bangkok, selling a dream to countrymen. So common for all these SEA/Thailand ambassadors.
game recognize game.
@@chinobonito30 ??
I wanna know 1 thing. I suppose you are on a DTV being a digital nomad, then how are you able to partner with them and are promoting it? Wouldn't that be illegal on DTV?
Does the price (60.000) include all the furniture?
Nice but the nearest BTS station is 3.5 kilometers away. Nowhere near as close as it looks on the map.
Good location if you want to be far from popular tourist areas in Bangkok. But a 5% ROI sucks. Good luck getting your investment back.
Dude is real estate agent now
The ongoing Thai baht rally is making traveling to Thailand less attractive. I would like to see you make a video to address what you think about it.
I would prefer to rent in Bangkok
Aa nice one bro
What are the maintenance costs?
I had 60k. But blew it stupidly.
Even if 5 years from now.
I'm coming over.
That's Amazing..
It's My dream. I'm coming.
If you haven't even got $60k now you stand no chance for the future......
@@Raulsta1985when did you give up?
bitcoin.
2.2M baht is like 65K tho, one could finance a house in Europe for that and actually get like 50k baht rental income. For 1.5M baht I would consider it.
What is the monthly fees? There is so much other spaces that all you need is a place to sleep
What is the monthly Condo fee…it makes all the difference.
So obviously being paid to promote this condo. There is such a glut of these condos and this is so far from central. It’s a money pit.
not to mention terrible investment, always rent if in BKK. Once the population bomb hits they won't know what to do with all these apartments
It’s 25km away from the center, 3km from the metro station. And most importanly, it seems to be right under the flight path of the airport runway. To be honest, for the small size of those apartments, i don’t find it that cheap (and I’m from Canada).
agreed, classic case of a youtuber paid to try to F over his audience. that guy will never live there.
Yeah lol describing those seats as ergonomic what's he on about they were just sofas you'd be better off working on the floor.
Nice video. Like the lower-priced places. But beware buying Thai condos if you are a foreigner. Renting is the way to go. Many videos outline the problems.
Its a great price and very nice 👍🏻but that booking fee 😮 its looks like a deposit for rent and its not a rent if it is like one time payment for maintenace of the building than maybe but i think i prefer to live in a rent condo or apartment😂🙏🏻
did u wear your shoes inside that apartment? Dude
fit back muay thai gym? did you say?
Thank u nice place
Video got my entrepreneur mind thinking non-stop. I can LLC the $55K. Then, each year, use it few months, airbnb few months, send friends there few months. I like that it is near a university. I can send kids, nieces, nephews, friend's kid. Geez, options are endless. Have to go & see. Not sure why Thai has never been on my radar.
Damn, that's well-thought-out, but go there first to properly assess the risk.
I wouldn’t recommend renting out property in Thailand. It’s an unregulated minefield over-there. Even if you went through a property agency to manage it. I’ve seen so many horror stories of Thai landlords getting their rented out properties completely destroyed.
Air bnb has problems in Thailand they clamp down
Or you just rent it when ever you want for 300$
@@GenkiStarLeaf Good point. But regulated markets are not EZ. An LLC friend rented out $350K house. Tenant secretly pet sitting with 5 animals trashing. It took 7 months to kick her out, So, she lived 7 months free before courts came to kick out. Money lost = 7 months x 3K = 21K + legal fees + renovation. They cry nonstop.
Good condo ! Pets friendly ???
No, Noble doesn’t allow pets
@@GenkiStarLeaf 😟
I am sure the 60,000 dollar condo is only30-35 square meters. I wonder what the monthly maintenance fee would be.
He mentions it in the video if you watched the condo tour. It's for a 24 sqm condo
From my experience with another Noble based condo, you would be looking at $50 - $60 per month for service charge.
i mean if you say the rental income is 7000 baht / $200, that's a nice rent too lol. what would the tenant pay?
Was set on moving to Bangkok, but the air quality is too much of a concern for me.
😂
i'd buy it but without the visa how can we live in it
Check the new 5 yr visa DTV.
Hi Paul. What camera do you use? Another great video.
it looks like he is using DJI Osmo pocket 3. look at timestamp at 11:49
What do you do for medical in Thailand? Like dentist? Is it expensive?
Dentists are way cheaper than other major cities. A lot of dentists speak English so no communication problem
Medical care is very good and cheap
So $60K for 24 m^2? Pretty expensive for the amount of space and location.
It's good for survival in luxury settings. At least you will never be homeless even if you lose your job and just get some contract work from time to time you can rest assured that your home is paid for at only $60k. I am speaking to Westerners that earn a good wage ($200k USD+).
Does this appartment really cost $60.000 usd?
You have really nice voice!
Thanks!
Nobody uses the amenities, even the pool at a complex with thousands of residents are sparsly used , even on the weekends
A few years ago they were only $45,000. 😒
60 k for condo in Bangkok is expensive...with 60k you can buy a big and brand new house outside Bangkok, unless you have a well paying job in Bangkok. Jobs are not 100% quarantee anyway...
if its only 7000-8000 baht to rent.... why buy lol
Rent goes up
@@KojLok-dy6gpthat area rent won't go up much,
Great point..in terms of return better to rent in Bangkok and invest elsewhere
Not having a 13th floor has NOTHING to do with Thailand - I suggest ou try finding a 13th floor in most of the world. GENERALLY not done, or not accessible (nice floor for some tech level).
13th floors are seen in the USA right? What is the reason for not having 13 floors? I always thought it was Asian superstition
More claustrophobic shoe box condos. Chinese developer. Looks the projects in New Jack City.
As an investment it’s stupid you make your money back in 30 years. But if you just want a place to live and enjoy it make sense also you can just rent since you can’t own anything over there
Problem is, if u only go there 1 or 2 times a year, renting 1 yr lease, leaving it empty for 9 months is a waste...
The apartment is not bad but the price is too much for that size. If it was around 30k-40k $ would be more realistic.
It's so far from the city
It's about an hour drive.
it is not cheap at all. multiply it by 3 to get decent condo size and 70 sq come to almost 200K USD. for that money you can but a lot of nice properties in Spain or Italy
Luxury condo in Bangkok 😊
Too bad there wasn't a piano or a keyboard in the music room.
is it pet friendly?
Beware of investment scammers in the comments area.
A Murphy bed is essential in this small space. Even then the size is very challenging. It looks very empty in the shared spaces which could be depressing.
Bro it is not in Bangkok, Don mueng is 20km away from Bangkok. its cheap but its literally living in the airport.. worst investment possible
98000$
It's a studio room but call it a 1 bedroom. 😂
it sounds like a terrible business to buy to rent out it will only take 21 years to break even if you only and then everything else comes next to it e.g. tax maintenance administration etc... you are going to lose a lot of money if you buy to rent out
Waste of time!
Look, fashion isn't my area, but your shirt is the most ill-fitting I've ever seen, and I've seen that ridiculous Kanye West and Lil Pump film clip.
no, it fits him well, that's a large fit I personally love it
@ZENbulldozer - Currently, Bangkok is in the rainy season and it's hot and humid so wearing loose-fitting clothing is a must! Light and airy clothing will keep you cool in a tropical climate.
That's a good value for 98k USD 2 bed, if rental income is b/t 10k to 13k Bath per month.
5:20 What movie is that?
Expensive