Buying A Holiday Home In Phuket Thailand 🇹🇭
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- Опубликовано: 30 июн 2024
- In this video we talk about buying a holiday home in Phuket Thailand, is this a smart decision or stupid ? But on a serious note this can be very lucrative if done correctly
Check out our property management services in Phuket: www.cocoastproperty.com/en/pr...
Maybelle's Coffee Garden website: www.maybellescoffeegarden.com/
Meet us at Maybelle's Coffee Garden 📍 maps.app.goo.gl/8PEz7tE1DxStK...
Address: Maybelle’s Coffee Garden Soi Plukjae, Karon, Mueang Phuket District, Phuket 83100.
Thai: Maybelle’s Coffee Garden ซอย ปลักเจ ตำบล กะรน อำเภอเมืองภูเก็ต ภูเก็ต 83100
Places i mentioned our street soi plukjae
Freedom Project Phuket Yoga & Sound Bath: maps.app.goo.gl/V8V9KXQ2Wvj9i...
Green Heart Garden: maps.app.goo.gl/zaRPXYjax7U1Z...
Khao Suan Pho Restaurant: maps.app.goo.gl/h2KgGQCBatrU1...
Oasis Spa: maps.app.goo.gl/pkV5tyNfPsnwZ...
0:00 Intro
3:29 Property Ownership Types In Thailand
6:20 Beautiful Kata Hillside Phuket
7:15 Cocoast Property Management Info
10:04 Exploring Holiday Lets Phuket Thailand
14:30 Investment Opportunities Phuket Thailand
17:14 Who Is Holiday Home Investment Good For ?
19:30 Phuket Holiday Home Investment Tips
#holidayhome #phuket #thailand
Thanks for all the comments on the last video 👍 all 3 of us look forward to meeting you all again in MCG sometime soon 😁 let me know your opinion on the holiday home smart or stupid ?
www.cocoastproperty.com/
See you in July, hope youve got umbrellas !
We will be back soon Richie and stop by to see you guys 🙏
Smart, it will be another stream of income. You're monetising your surroundings and your knowledge, Richie. It has to be done, or you and your family don't eat. We all gotta get our hustle on to make a buck/baht.
Great video once again. Arriving in phuket late July. What days are best for dropping by MCG to say hello again?
Definitely stupid. I've got my real estate investments in the UK, that'll increase in value over time.
They also pump out rental income, which will allow me to rent anywhere in Thailand. This gives me total freedom to retire there.
Thailand is a very unstable real estate market, with an awful secondary market.
No point buying in Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy, you can move free and easy and are not tied to anything. Buying property in places like Phuket is just selling a dream, the reality is far from a dream - politically instability and visa requirements changing like the weather make a buying proposition a poor one - plus resale values on secondary markets in Thailand are not attractive. I love Phuket, have been visiting the place for over 30 years, but I know too many people who have had their fingers burnt buying property in Thailand.
i would not say there is no point, can you explain more about what you mean in relation to Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy
also would you have to live in Thailand and have a work permit or could you invest from out of the country
good comments though any advice on this is helpful 🙂
@@1111000ANGEL0001111 in simple terms; investing in Thailand does not (in my opinion) make financial sense. The smarter move would be to invest the money that you are planning to purchase your property with and use the returns to pay rent in Thailand. Most investment portfolios should be giving you a return of between 6-8% so assuming you have a decent amount invested you should be getting a large enough return to pay rent and cover your living expenses etc. Renting also allows you much more flexibility and doesn’t lock you into the over saturated Thai Holiday / retirement property market. If you get bored with one location in Thailand, you can easily up sticks and move to another, and renting allows you this flexibility and provides you with better financial freedom. To be clear, I’m not against living in Thailand, I love the place and have been a regular visitor for the past 30 years, what I am suggesting is that there are smarter ways of structuring your financial situation in order to provide you with more financial freedom / flexibility. With regards to where you invest, this would typically be your country of origin, for example - I know people who own property in Hong Kong and they rent this property out and use the income to live on and pay rent on property in Chaing Mai. I know other people in Hong Kong who have investment portfolios such as stocks, bonds, funds etc (all held in HK) who make good annual returns and can comfortably live off these returns in Thailand. I don’t know too much about the Thai banking system but from what I do know it’s probably advisable to hold your structured investments outside of Thailand in a place where you are very familiar with the banking system.
good comment. Thanks for sharing.
We make over 300k baht a month just on our rentals here and even more with the ones we own in the US. No debt on any of them. We travel the world and do anything we want. I’ve made millions in real estate and you never rent when you can own good properties in good locations.
@@1111000ANGEL0001111It all depends on your own place in life.. I know a very rich man, living in Thailand from US, who owns 3 villas in millionaires mile !! Tell him what you said, would make home laugh !
Don’t acquire anything in Asia in general, that you can’t take with you in a suitcase. 30 years of holidaying, living and working all around SE Asia has taught me this.
We own our own home and several long term rental villas here in Hua Hin in a Thai company which is a management company. I have a work permit. Wife 51% and me 49%. We pay taxes on all the rental revenue and our salaries. I am the managing director with sole signature authority and I also own the actual houses personally. Now my wife and I have been married 15 years and we still own quite a few properties in the U.S. in our LLC there. We have a long history together and a high degree of earned trust. It’s not for everyone but for me I’m quite comfortable with it. Everything involves risk but the question is not the risk, but whether it’s a manageable risk. This structure for me is the most manageable risk. Definitely use a good Thai lawyer to set it up. I’m a lawyer of 32 years myself and I’d never do anything here without a Thai lawyer.
Nice one Ritchie 👍 your living the dream. Keep rising to the top. Love and respect to you and your family.
Enjoying the content and this chapter of your life.
With all the illegal builds in Phuket, you're rolling the dice purchasing property.
I bet there has been many a foreigner in Thailand that has heavily invested in property only to find their time on earth cut short. I wonder if their relatives back home ever have any luck in claiming any inheritance?
Hey Guys! Interesting and informative video! Thank you for your personal insight and perspective. Best wishes, good fortune, health and happiness to everyone. Stay safe
In my long 29 year experience in Thailand with property is simple....do not get involved in it unless you are prepared to loose money....the property market here can be a minefield !
Brought in chalong 2 mil baht just sold 6 mill also rent paid house off????
Watching the video today and what your doing and gathering good properties and also helping the community rent them and gain incomes i think your get substantially more and i think if you keep doing this over and over i can see you becoming a millionaire in 10 years from now and that will be your prime takeover in revenues plus generating more turnover for the restaurant. Just a strange feeling about it. I think everyone should come to you in your area who is interested in renting with a view also for the productivity of there properties as a lifetime insurance income. That's my take on it. I been into construction 23 years now myself and buying up condos in philippines and the main tourist islands boracay and bohol beach. So keep doing what you doing only the positive survive!
When I was in Phuket back in 2012 I spent a few days looking at properties for sale. I remember a two bed, two bath apartment in a very nice complex, only 2 stories tall, massive wrap around balconies, big open floorplan, marble flooring, western style throughout, about 180 sq m and the price was about £110k. Six years earlier I had bought in the UK, 2bed 2 bath, about 85 sq m, and it was £170k.
In terms of value for money, it was a no brainer. If the intention was as an investment and hedging on the resale value, well, who the f knows where it does and doesn't go, but in all the years since, and having been a property owner (UK) for the last 18 yrs, I have to say my view has changed. I'd now prefer to rent, knowing that I don't have a long term commitment, other than maybe 12 months lease, and if the landscape changes, I can scoot to Malaysia, Vietnam, Philippines, etc, if the circumstances in those other countries are more attractive.
At least that's how I feel now.
Mate your going well, most importantly you and your family are happy and healthy.
Social media is a double edge sword as you know...say no more🙏
Great to see you again Richie we always enjoy your videos . you are giving good advice and information. My advice about property investment is do your research and know the risk and be able to accept those risks. We will be back soon and stop by and see you guys. Take care 🙏
Been watching you guys from the start, sorry to see that you are turning your content into selling rentals, why don’t you keep your lifestyle contents here and do new channel for your new business, you have started to lose me over last couple of videos sorry to say. Good luck
hi richie now you have a beautiful daughter, i believe you can buy property in her name and keep it in a trust until she is older, thanks for sharing
Investment property in your own countries and rent because you know the laws better and less chance off being ripped of .RENT RENT RENT IN THAILAND, because you can only lose your rent and deposit. Also you can move if you don't like area or neighbours to suit you.
Always interesting, good luck with everything
It’s a lovely area but there is only business in the High Season yes? And it that for 4 or 6 months?
Hi Richie, I heard you talking about having a previous business which was motorbike rentals. Could you please make a video about that? Really curious to know how profitable it might be and how hard it is to run such a business.
Thank you
Since he don't do that anymore, I am sure the business wasn't too good.
@@Ay_Ole That's exactly why some of us would like hear about it from someone who has been doing such business.
Once upon a time, Phuket was a jungle. with trees and green spaces everywhere. Now it has all become a pop-smart sandbox with houses everywhere
Same as Koh Samui, absolutely decimated.
Was there in 1990 was a heaven
G'day Ritchie, how much was that villa for sale mate? Cheers 👍
love your vlogs Richie how much is the nightly rental on the villa peak season please
www.cocoastproperty.com
I have visited many times in Thailand will just rent even if I stay for a couple months when I ret
Hi,Btw,How is family?Love to see the baby soon and mommy too. ❤️✌🏼
He’s already done a very good post that says he will never put his wife and daughter on RUclips again, so as to protect him. He’s right too.
Wise bank give you a 5.85% interest that must pay the rent Fella no stress just enjoy the big lump x
It looks nice up at your area , it would cost a fortune to buy a villa up there or even an empty plot of land I would assume great views.
How much r them villas &others in ur area 😊😊
top notch.
We came for lunch unfortunately you weren’t around even made a TicToc on your restaurant. Hopefully we will see you next time.
Phukets very own Del Boy ,this time next year you'll be a millionaire😉
That makes you trigger the road sweeper 😅
Never buy a Condo! Especially now, watch changes upcoming in taxes, ownership and businesses. Once all illegal deals are rescinded prices will fall.
Fair play to u I remember u at the beginning u had a card in ur wallet. Look at u now in two years I am retiring age I hope to sell up &move to thiland 😊😊 close to beach with in walking reach😊
Smart ❤
Your hard work is going to be taken away from you by taxes
Brilliant...like the business model.👍
The government of Thailand have zero desire for foreign property investment.. It's not encouraged! Same in Vietnam phillipines.. Don't waste your money or time. Sure rent day to day etc... But unless you have been married to a local f I r 15, 30 years don't bother!
Not good idea to invest big money in Thailand, as Farlang you can invest many Millions „ Euros „, but you never „ Thai“…always Farlang., I like you and Maybelle very much, thanks for all good Videos in the past but all „ new Videos „ are only to make „ Proberty Investment or RNBN Rental, for the most „ Follower“ not can stay more as 2/3 weeks and don’t want invest big money in Thailand…every year new rules..
If you really want to know how to do what he's trying to explain here, the best person (on youtube) to ask would be Chris Parker.. his Moonstone villa on Samui the example.
🦘👍🇦🇺
My God ..am I first on something
Would have liked to hear about ROI expectations. It was also an opportunity for you to promote and factor in your services.
some good tips i wish anything financial was straight forward though maybe you can cover more on if you must live in Thailand to invest there and tax on worldwide income and how this effects you investing if it does at all thank you
We both agree on what your doing, get all the property you can around your coffee garden, sit back and reap the benefits of haveing all your business close to you
have you now became a legal adviser for real estate ,,,dont give out advice on house sales if your not trained in thai law .
you're
Relax, Richie's thoughts and suggestions are a starting point for someone.