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Scott ********
This is a summary of
Scott ********
's contributions to the platform. They have posed 2 questions and added 67 comments.

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COMMENTS

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?
Scott *********
@Kool ******
this is exactly why whichever direction i go, I want 100% understanding in the legalities.

Do you feel that some of the farang horror stories of real estate are self induced due to lack of understanding, or due to potential corrupt gov practices? Or is it simply a guy met the wrong girl and put house in her name and lost it? Hahaha.
Scott *********
@Kool ******
ok. Ya, i definitely would need to understand that better. So meaning, if you get the 30 year lease, and live there for 15 years, when you go to sell the additional 15 years does not transfer to new buyer, they must start new 30yr?

At what point do i not have control over the property in a lease? What cannot be done, or in what aspects can i lose?
Scott *********
@Kevin *********
I am looking in the Phratamnak area to south Jomtien in Pattaya. Most of my time in Thailand has been in this area. I have exhaustively looked at Thailand real state for 2 years all over Thailand, and then go to google street maps and walk the streets around that property. In my opinion, the Dongtan/Jomtien area is hands down the best place to be in Thailand. The amount of things you can just easily walk to or catch a baht bus are amazing. Lots of tourist police around. Lots of English speaking people also.
Scott *********
@Kool ******
in a lease, does the Thai gov receive part of the selling price, thus securing the land? Or is it as simple as you pay seller full price, and gov added to deed or whatever there? What happens upon selling? Can any foreigner buy from me, or have to be Thai? What could constitute the gov taking over full ownership and black listing you?