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Stephen *******
This is a summary of
Stephen *******
's contributions to the platform. They have posed 2 questions and added 91 comments.

QUESTIONS

COMMENTS

Stephen ********
@Bob *********
obviously I don't understand the market😂. I've been a landlord for 40 years. I'm the guy you are paying each month!
Stephen ********
The last property i bought, i paid about 5 million for in phuket some time ago, its been rented for 40k a month (I'm actually having that one now). However, had i left it rented, it pays for itself in about 9 years overall.

Something similar in London would take more than double that time. If I'd have invested the same amount of money instead, even at 10% profit, and remember, I am very heavily taxed on that 10% in the west. It wouldn't even have paid the rent.

In short, if your relatively young and want to live in Asia, you can purchase a home and pay for it easily in a decade of equivalent rent. You can't do that many places, you also get do your home how you want it.
Stephen ********
@Dany *******
I'm not going to explain that one to you. I own multiple property in both phuket and London and I've made my entire fortune and kept myself and family for over 40 years from this trade. All l will say, is your thought trail is wrong.
Stephen ********
@Bob *********
lm not sure what you mean by that, but i suppose that's down to what direction anyone might see what's a plus or not? Yeah, you can leave a rent, but sometimes you could sell and move before a tenancy expired anyway. The biggest reason for buying in my opinion would be if someone wanted to live properly, in a secure way and have the place done how they want..
Stephen ********
You can, if you are going ahead. Look for Farang title, with a forever lease, find a decent solicitor. The money has to come from outside of Thailand, into the country specifically registered to buy any particular property. Solicitor will advise how to do this.
Stephen ********
@Ben ******
its a tough one. I suppose it depends on the individuals likelyhood of getting refuesd entry. We have a place there, both myself and my wife have dtv visas now and we go to and from London multiple times of year, neither of us have been refused yet🤞
Stephen ********
Anonymous participant 128 if you were planning to live or retire there?
Stephen ********
Where and when do you want to go?

I rent mine out, when we're not there..