Scott ********
This is a summary of
Scott ********
's contributions to the platform. They have posed 2 questions and added 62 comments.

QUESTIONS

COMMENTS

Scott *********
@David *******
I get curious about posts like yours. I think it is funny watching the farang gatekeepers that offer nothing back to the Thai community in the form of jobs. Teachers are typically the ones least likely to succeed. Those who cannot do, teach.

Based on your posts previously here, you are the one having a tough time succeeding and being a dreamer with zero plans.

Don't know you, and don't mean to single you out on a personal level. Just amazed at the gatekeeper farangs online that talk shxt and have zero to back it other than just having to talk shxt online to someone today for attention. You are probably a good guy just trying to make it like the rest of us. But, you need an attitude change.
Scott *********
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.
Scott *********
I agree. There is quite a few losers in here and I just block them.
Scott *********
@Declan *********
there are exceptions, and yes, a foreigner can own land if they meet certain criteria. Ltr, 40m baht investment in Thailand bonds, business, or land for a minimum of 3 years (land/home price counts towards the 40m requirement) in Pattaya and Bangkok under 1 rai of land. This is the program i referenced in my post.

Look it up.
Scott *********
@Jon *****
i found what I was looking for. If you qualify for a a ltr visa, then they have a program that in BKK and Pattaya, you can buy up to 1rai of land as a foreigner. You need a 40million baht investment in "Thailand", but the cost of the property can be included in that investment price. Investment must be for minimum of 3 years. So, $600k villa, $500k in Thailand bonds for 3 years. Works absolutely perfect for me in all aspects and make a little money in the deal.

So, ends up there is ways for foreigners to own land there. There was actually a couple other ways too now.
Scott *********
@Bob *******
thank you. Yes, that would be the plan. On my next trip I plan to make some trips to top local shops in bkk and Pattaya to introduce myself. I am also very versed in bikes and custom choppers, which seems to have it's own cool click there. I look at mechanical things as art, and design them in that way. Not sure if the artistic value portion would be enough to create my own hands on position though. Easy enough though, I can point fingers and pay paychecks just the same. The trick is finding the correct person to partner with. Every partnership i have tried has failed due to the other sides underperformance.
Scott *********
@Michael *******
ok, cool. I am a huge DIY guy and have 35+ years in construction and car building. Would really suck to be forced to have to pay to have things done.
Scott *********
@Kool ******
thank you very much. You have been a wealth of information. I atleast now know some of the questions I should be asking and who I should talk with.

Are you involved in legal in Thailand?
Scott *********
@Kool ******
would you agree the 40m baht investment route is overall safest? Since it includes the villa investment itself, i like the idea. I have been looking in the $400-600k range. It sounds like additional balance can go into interest bearing Thailand bonds?

So that gets me into only utilities/phone payments, health insurance, and auto/motorbike insurance as monthly payments.

I am budgeting for $4-5k per month for the next 40 years after buying a villa. Would always have asset of villa incase money runs tight. But, there are dividend stocks to invest in that can give that return yearly without selling a share. Look at VALE. Miners are about to blow up. If you are into that sort of thing. 👍
Scott *********
@Kool ******
ok. Very understandable. So would you say that a lease is a safe way to go in known areas such as Pattaya?