What are the challenges and advice for investing 200,000 THB in a hostel in Thailand?

You end up broke in short time

I like pancakes

So you wanna invest 200k baht so you can party, drink and do drugs. And earn a living out of it? Can I come ?

Asking here for advice is liking asking the pope if he is catholic. The idiots on here offer no advice just abuse for wanna be old men trying to sound funny and failing miserably. Good luck but find a better site for knowledge the clowns here don’t have a clue

Probably troll post 😂

1 night at nana plaza for you

I think they were drunk when they wrote this

lol what are you guys talking about? I had my gf that’s an agent sell businesses for that much or get spots to open. I have the one I was getting it’s by the beach and 4 levels

That may not get you very much real estate but you may be able to become a SCUBA instructor for that

If you want to invest 400 Baht in a dingy hostel in Bangkok that will get you a one night stay....No return

Please don't do it 🥲

Make it 2.000.000 and contact me again😜😂

I have a host/hostel on soi 4 that you can invest with. Hit me up...

200 k does not even buy you a very small house....

You will only lose your money and have to leave the country when your visa is up.

So you got $6k usd. In Thailand your return will be slower due to cost difference. Meaning, you won't double anytime soon unless you are extremely good at creating an audience. Competition is fierce with accommodations and bars. Market is over saturated and has not fully recovered to precovid levels. If you cannot pay in cash for overhead of your proposed biz for minimum 2 years, your chances of success will drop substantially. If you got the balls, go for it though. Life isn't about sitting around.

Thailand is full of dreamers not in touch with reality. Thailand people love farang like this another donation to the Thai enconomy

Actually there is a way to invest that in a similar way here, bangkok preferably although phujte or chiang mai woukd be decent destinations too, you can work there and make pretty decent return, DM me and I can give you info

That is not a lot of money to invest in a business. You could rather invest 160K Baht in ETF with a split (MSCI World/MSCI Emerging Markets) on an international well-known broker (you own the shares yourself, of course) and 40K Baht in Bitcoin. Then you create a saving plan and pay in monthly $ 100 to 500 to your ETF (again split of ) and another saving plan for Bitcoin with maybe $ 100 monthly. Then you just wait for years and you see your money growing.

Wait, did I just waste my time on a fake account? 😂🙄

Dream on mate

You probably would need around 20 to £40,000 which is bang on today's exchange from GBP to THB is 81.60thb..

That is a very secure investment but still possible to encounter for fee's with solicitors etc

Good to have goals but if you don't think a party hostel is a money pit to maintain then there is a world of financial hurt ahead. Partnerships also more often than not end in dispute. Perhaps start with immersing yourself in the hostel crowd and seeing if there is a niche market that could be in demand. Good money is often in the niche demand

I recommend a "Pumpkin" Chainsaw to go with that Hostel.....

You might aswell put that money down the drain. Also you can’t work there legally unless you have a work permit.

Mite get three motorbikes 🏍 for that money 💰to rent out.

200k won't get you much investment % or it'll be a failing business and you'll need extra money to pay the losses going forward...not to mention lawyer fees as you'll need to arrange shareholders transfer (I've recently been quoted 20k just for that task).

For a WP you'd need to meet certain criteria such as number of Thais also employed by said hostel and minimum wages per month.

tell us you’re broke and horny without telling us 😂

😂😂😂

Come on, seriously? 200k baht is like one to two week's income for many properties. This has got to be a joke.

Go and have a good time with you're 200K , before someone else does 🥳🥳🥳🥳

Ask

@AJ **************

he's in the know

Fools and money are easyly parted.

Why would you want to do that you have no idea about business in Thailand number 1 what visa you got . Invest your money in your home country better return. You wont get return on your money here. Invest At home and chill on the beach 🏖️

Listen, 300k doesn't even get you a work permit. That's spending for some of us in Bkk. Just take that money and put it in an index fund or US treasury.

Everything is possible. In Thailand, there is such a form of doing business as partnership, both with and without legal registration. It is not possible to work officially under this form.

200k baht? Go to Myanmar.

A fool and his money are soon partyhosteled

Hi Cullen, I've messaged you. Cheers

I’m sorry to disappoint and dash your dreams, but you definitely need to do more research.

You cannot work or volunteer in Thailand. You cannot own land either, for starters.

Only way you can earn money is work for an outside company, remotely.

Profile is a bit dodge. I guess the 1 friend is possibly him.

🫣🫣🫣🫣🫣🫣!!

seriously talking, with that much money u can buy a decent setup camera/lights and rent a room. From there you could publish some content, such as fansly or OF. There's no way you could do anything else with such little money

FAKE profile, guys. No need to comment.

I think there is one less zero in the amount.

hi Cullen - I am with James on this. There are many opportunities for business that don't require millions to buy/invest in. I have customers who have invested much less than you in a small business with a Thai partner and they have been successful. It is also true that many have failed at business in Thailaand and that is generally becuse they did not have the right mindset and skills for it. So find an existing hostel that is struggling, research why it's not doing well, is it in the right place, do they manage their money well, etc. If you can contribute to turning it aroud with your 200K and your expertiese then set up a solid contract for the investment. As a part owner you are allowed to oversee your investment and take part in decisons on the company. You are however not allowed to work without a permit. If you have the extra cash to invest in a workpermit then you are all set.

200k save that for when thailand eats u up and spits u out back home

I'd listen to the advice and keep your money in your own country.

Be careful, many scammers in Thailand. If she talked to you about Bitcoin investment, 99% chance she's scammer.

Here you go, this is a hostel for sale, 7.5 million baht, so if you find someone who has 7.3 million you could buy it together.

You took the wrong currency. You mean USD or EURO?

I'd spend that money in 4 nights at suzie wongs...

@Cullen *********

you are not allowed to work as a hostel manager in Thailand, not even in a position of a shareholder. And by the way, 200,000.- THB will get you nowhere in Thailand. Or did you really think the price of two Honda PCX's will open any doors as an "investor"? You should be aware that anything up from 2 million Baht would be seen as an investment. Thais, however, will thankfully take it all before they will find ways to get you banned from their country

Not enough for investment.

Great idea 💡

Just come and find a hostel you like and give that owner your money for a part of this business

I’m sure it will work out …..

That's not going to get you anything

Unfortunately, you're going to get a lot of salty old white men giving you grief on here. It's true that you have to be extremely careful what you invest in but it's definitely possible. My advice would be to travel more and stay at plenty of hostels. Build relationships and friendships with hostel owners and don't rush into anything. Take advice from people with experience, not the keyboard warrior farangs who've likely been scammed out of their cash chasing bar girls in Pattaya. If you're lucky, there's a possibility you'll find someone you can trust but you won't find them by posting online. However, investing doesn't mean you'll automatically get a work permit as this in itself can cost around 60k thb, requires the hostel to have x amount of Thai workers, and can vary from province to province. If the right opportunity arrives, you'd be better off finding a more suitable long-term visa. Don't invest anything you're not prepared to lose, and be aware that there's a strong chance you won't be able to get anything in writing which does leave you open to much more risk.

Yeah.... I'll spend that on my return flight from US and a month in Krabi. I'd save more first and do your research my friend

with that money , you can buy a monopoly game set to play.

Really 🥺

200k baht? I know guys spend that in a month lifestyle . Example is that's buying an ADV 350 money . Won't make return live on on that .

Invest in your home 200k won’t do much over here

Owning / shareholder doesn’t mean you can work there.

Im sorry but 200K baht isn’t investment money…..

If you try to invest that in a business, your just a target to get it stolen/scammed.

Not worth it. You actually better off buying Bitcoin. But 200K is just 1-4 months living cost depends on your lifestyle.

A fool and their money are easily parted.