BUYING AND BUILDING A PROPERTY IN THAILAND (HUA HIN)

[@BaanPhuThara]

Thanks a lot for taking the time to come for a visit. Was a cool experience 🙏👍

[@joshbonthemove]

Good to link up 👊🏻 beautiful property, hopefully the video can do it some justice and show what’s available!

[@stevesharp1823]

Hey mate. Good video and great subject. Got a few mates have done and doing the house thing right now. Keep up the good work 👏

[@joshbonthemove]

Thanks Steve, defo something I’d like to do in the future too!

[@stevesharp1823]

Need any help on that one day. My wife grew up in hua hin . Lots and lots of options and advice to get . Cheers ​@@joshbonthemove

[@danielplatt6638]

Great video keep them coming

[@joshbonthemove]

Thanks mate!

[@JamesVarnas]

Nice House-but I wouldn't touch it with a 10 ft pole-as a builder in 5 states in the US- the home looks fine-they did a good job-the main problem is the average wage in Thailand is at best 33,000 in the big cities -with that said I would guess the yearly wage in this area is in the 20,000 mark-so who other that expats are going to buy this-it sure won't be someone from Thailand -and if you have to sell for emergency-and the builder has other homes for sale-they buy the new one 1 st- it could be years before you can sell and it will be at a far lower price, because builders can adjust their prices to make sure they sell 1 st-I also seen homes like this that rent for 1000-1500 a month-which is far cheaper than buying it-and you can move any time you need to-I would strongly suggest never buying in that area-Rent only-unless its oceanfront and if its under 100k =because you can rent it for about 600-1000 to break even -which isn't great breaking even

[@lloydftz65]

Always enjoy a good laugh when a monkey gets in front of a keyboard. You really have just listed the most ignorant piece I have seen in my 35 years investing in real estate in the region. Thailand wages have nothing to do with these homes. They are bought by non Thais. And your rental comments are hilarious. Now get back in the tree and eat another banana

[@Midlifehits]

Very informative video thanks

[@joshbonthemove]

Thanks bigman!

[@rmt9645]

What a stunning property 😍 Incredible value for money. Great video x

[@joshbonthemove]

Thanks! Defo wouldn’t mind living there 😏

[@Sukhumvit246]

Before I bought my condo in Bangkok I looked at a villa like that in Hua Hin, 2 of my pals bought off plan and put it in their wife's name. Being single I couldn't be bothered with the hassle of putting it in a company so I didn't go through with it. It was an awesome estate though.

[@joshbonthemove]

Thanks for the comment, would interested in your thoughts about it now, would you always stick to a condo in the future? Do you prefer BKK or HH?

[@Sukhumvit246]

@@joshbonthemove Funny you ask, I'm looking at renting out my condo in Bangkok and renting a villa in Hua hin since I have a few friends I worked with living there now

[@joshbonthemove]

@@Sukhumvit246 Nice mate, who knows, you could still take the leap to HH long term? BKK is a little too busy for me, nice to visit for short periods.

[@petejames4672]

Hey another great vid josh.... we are staying in huahin at one of your recommended properties in December 24 , who do you use for transport from bankok to huahin , cheers

[@joshbonthemove]

Thanks Pete! It depends on convenience vs comfort/ value. There’s a great coach that goes from BKK airport to the center of HH for around 300 baht per person, it’s spacious and comfy enough but it’s not a taxi. After a long haul I’d probably book a taxi tbh, these are the last guys I used to go from DONSAK pier (Koh samui) to HH, they provided a very good service and will go from BKK to HH too 👍🏻 This is the WhatsApp contact - [phone]

[@petejames4672]

@joshbonthemove excellent thanks for the time to reply, and the help appreciated .... pete

[@mattiek9836]

Love that!

[@joshbonthemove]

Very nice property bro!

[@firstnamelastname8217]

Genuine question as the whole ownership framework was mentioned. What happens in the instance that the developer goes through insolvency proceedings. If all assets are sold, what becomes of the lease agreements, given they would be an asset?

[@BaanPhuThara]

Good morning, if the developer goes through insolvency proceedings the lease is still protected. The government will establish an agency to manage the estate while seeking a new investor. The creditors will take over the development but all the leases remain unchanged. This relates closely with what i said to Josh about a developer's track record. This is the 3rd project I am doing in partnership with the constructor and his 8th overall. Also, once the projects are finished we continue to run them, they are not transferred over to a juristic body. I am emotionally invested in this thing and it wouldn't feel right. Hope that helps.

[@firstnamelastname8217]

@BaanPhuThara thanks for taking the time to respond and providing the additional colour.

[@joshbonthemove]

Thanks for the answer Scott, this is super useful info 👌🏻