It’s not a personal document at all. Make sure they send it. Otherwise it might be a sublease which is often illegal

@Linhoff ********

not yet. I always calculate a -15% crisis factor (can be vacancy/ unexpected costs etc..) on my expected returns.

@Marisa ****

of course

@Frederic **********

happy to help

@Russell ******

you can pay taxes on rental investments. They don’t always expect foreigners to pay (but they should).

you will be registered with a tax ID. I am in the process of doing it and a few friends just did that. We are all on elite visa but I think this might apply for the other long term visa as well. Real estate income are treated differently than other kinds of income usually. I will investigate more.

@Russell ******

it’s possible to rent as private individuals / owners. If individuals start to have “too many “ (which might be 5-10-15) homes then it might go under the “business” flag. As long as individuals rent long term, respecting the rules (no short term) everything should be fine, according to law and personal experience.

@Russell ******

not correct. Thousands of condo in Bangkok belong to Japanese, Taiwanese, Chinese, Australian etc and they are rented. I also do it.

@Steve *******

you are misleading investors and retail buyers. Plus Bangkok home prices have continued increasing from 2014 to today. Also, there is going to be inflation: buying a good resale (not a new off plan) can guarantee good returns in both cash flows (rentals) and capital gain. Then, there are the usual risks of investments. It’s always better to study the market and the single buildings / areas and diversificate the investments with other territories.

I am doing with two units in Bangkok and currently yielding 8%. One has been renovated and the other one only decorated .

I have properties also abroad and I must say this was much easier than in other western countries.

I own two properties and I have rented both of them in one day to people I knew, and I plan to sell in a few years. I am a small investor and always happy to talk with like minded people. Most of FB users are not brave or experienced enough to understand the perks of investing here.

- no notary

- low taxes

- private property Is secured

- condo are professionally managed

- GDP will be +38% in 5 years

- rents are booming

Even if supply is increasing, if you consider just a 2% value appreciation each year, with a % net return by the rentals, you are going to earn a good return and cash flow. Plus having a home in Bangkok can be a great plan Z for investors and entrepreneurs who face uncertainty.

@Martin ****

you can get problems in the future, such as being rejected from the Elite program after. (As it happened with the ED visa and Voluntary visa)