Thanks for all the comments on the last video 👍 all 3 of us look forward to meeting you all again in MCG sometime soon 😁 let me know your opinion on the holiday home smart or stupid ? www.cocoastproperty.com/
@simon-croft3 ай бұрын
See you in July, hope youve got umbrellas !
@coryjackson31313 ай бұрын
We will be back soon Richie and stop by to see you guys 🙏
@Landofsmiles9993 ай бұрын
Smart, it will be another stream of income. You're monetising your surroundings and your knowledge, Richie. It has to be done, or you and your family don't eat. We all gotta get our hustle on to make a buck/baht.
@Trevor_Gee3 ай бұрын
Great video once again. Arriving in phuket late July. What days are best for dropping by MCG to say hello again?
@Thai.Farang3 ай бұрын
Definitely stupid. I've got my real estate investments in the UK, that'll increase in value over time. They also pump out rental income, which will allow me to rent anywhere in Thailand. This gives me total freedom to retire there. Thailand is a very unstable real estate market, with an awful secondary market.
@welloilbeefhooked49843 ай бұрын
Same properties i looked at for sale 2 years ago on Fazwaz etc, are still for sale now.
@deancowley80453 ай бұрын
No point buying in Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy, you can move free and easy and are not tied to anything. Buying property in places like Phuket is just selling a dream, the reality is far from a dream - politically instability and visa requirements changing like the weather make a buying proposition a poor one - plus resale values on secondary markets in Thailand are not attractive. I love Phuket, have been visiting the place for over 30 years, but I know too many people who have had their fingers burnt buying property in Thailand.
@1111000ANGEL00011113 ай бұрын
i would not say there is no point, can you explain more about what you mean in relation to Thailand - invest your money, and use the dividends / profits to pay your rent if you want to live there. Renting is easy also would you have to live in Thailand and have a work permit or could you invest from out of the country good comments though any advice on this is helpful 🙂
@deancowley80453 ай бұрын
@@1111000ANGEL0001111 in simple terms; investing in Thailand does not (in my opinion) make financial sense. The smarter move would be to invest the money that you are planning to purchase your property with and use the returns to pay rent in Thailand. Most investment portfolios should be giving you a return of between 6-8% so assuming you have a decent amount invested you should be getting a large enough return to pay rent and cover your living expenses etc. Renting also allows you much more flexibility and doesn’t lock you into the over saturated Thai Holiday / retirement property market. If you get bored with one location in Thailand, you can easily up sticks and move to another, and renting allows you this flexibility and provides you with better financial freedom. To be clear, I’m not against living in Thailand, I love the place and have been a regular visitor for the past 30 years, what I am suggesting is that there are smarter ways of structuring your financial situation in order to provide you with more financial freedom / flexibility. With regards to where you invest, this would typically be your country of origin, for example - I know people who own property in Hong Kong and they rent this property out and use the income to live on and pay rent on property in Chaing Mai. I know other people in Hong Kong who have investment portfolios such as stocks, bonds, funds etc (all held in HK) who make good annual returns and can comfortably live off these returns in Thailand. I don’t know too much about the Thai banking system but from what I do know it’s probably advisable to hold your structured investments outside of Thailand in a place where you are very familiar with the banking system.
@wurthit12393 ай бұрын
good comment. Thanks for sharing.
@ONealMusicStudio3 ай бұрын
We make over 300k baht a month just on our rentals here and even more with the ones we own in the US. No debt on any of them. We travel the world and do anything we want. I’ve made millions in real estate and you never rent when you can own good properties in good locations.
@mixalis61683 ай бұрын
@@1111000ANGEL0001111It all depends on your own place in life.. I know a very rich man, living in Thailand from US, who owns 3 villas in millionaires mile !! Tell him what you said, would make home laugh !
@shaunscully11733 ай бұрын
Don’t acquire anything in Asia in general, that you can’t take with you in a suitcase. 30 years of holidaying, living and working all around SE Asia has taught me this.
@wideawake84253 ай бұрын
Phuket has lost all of its charm Overcrowded Overbuilt It was nice in 1985 Wouldn't ever bother to return
@Qqqqqqqqqaaaaaaa2 ай бұрын
Why are you watching this then? 🤣
@d99183 ай бұрын
I bet there has been many a foreigner in Thailand that has heavily invested in property only to find their time on earth cut short. I wonder if their relatives back home ever have any luck in claiming any inheritance?
@waynek19653 ай бұрын
Been watching you guys from the start, sorry to see that you are turning your content into selling rentals, why don’t you keep your lifestyle contents here and do new channel for your new business, you have started to lose me over last couple of videos sorry to say. Good luck
@pattayadoggrooming3 ай бұрын
In my long 29 year experience in Thailand with property is simple....do not get involved in it unless you are prepared to loose money....the property market here can be a minefield !
@michaelhiggins37243 ай бұрын
Brought in chalong 2 mil baht just sold 6 mill also rent paid house off????
@alees93443 ай бұрын
Enjoying the content and this chapter of your life.
@John-hl2tv2 ай бұрын
I've bought 3 properties in Thailand and all for personal use..if you think you can buy as an investment go somewhere else. Stop chasing something you no nothing about and concentrate on business you have
@perryrumble54693 ай бұрын
Nice one Ritchie 👍 your living the dream. Keep rising to the top. Love and respect to you and your family.
@lilydauber31472 ай бұрын
Your business vision is brilliant and your hard work will pay off. Great job on being the best husband and father. Do prioritize your family with quality time as your Maybelle and Masie are your precious treasures.
@coryjackson31313 ай бұрын
Great to see you again Richie we always enjoy your videos . you are giving good advice and information. My advice about property investment is do your research and know the risk and be able to accept those risks. We will be back soon and stop by and see you guys. Take care 🙏
@Walt-ck5qn3 ай бұрын
Hey Guys! Interesting and informative video! Thank you for your personal insight and perspective. Best wishes, good fortune, health and happiness to everyone. Stay safe
@offwiththeirheads46353 ай бұрын
With all the illegal builds in Phuket, you're rolling the dice purchasing property.
@AMan-jg8rf3 ай бұрын
It’s a lovely area but there is only business in the High Season yes? And it that for 4 or 6 months?
@ONealMusicStudio3 ай бұрын
We own our own home and several long term rental villas here in Hua Hin in a Thai company which is a management company. I have a work permit. Wife 51% and me 49%. We pay taxes on all the rental revenue and our salaries. I am the managing director with sole signature authority and I also own the actual houses personally. Now my wife and I have been married 15 years and we still own quite a few properties in the U.S. in our LLC there. We have a long history together and a high degree of earned trust. It’s not for everyone but for me I’m quite comfortable with it. Everything involves risk but the question is not the risk, but whether it’s a manageable risk. This structure for me is the most manageable risk. Definitely use a good Thai lawyer to set it up. I’m a lawyer of 32 years myself and I’d never do anything here without a Thai lawyer.
@1111000ANGEL00011113 ай бұрын
Can you recommend any good Thailand solicitors and can you explain if you have to pay tax on your income in both were you live and were you Dont live or do you have a work around for this thanks :)
@HDscreenerX3 ай бұрын
Hi Richie, I heard you talking about having a previous business which was motorbike rentals. Could you please make a video about that? Really curious to know how profitable it might be and how hard it is to run such a business. Thank you
@Ay_Ole3 ай бұрын
Since he don't do that anymore, I am sure the business wasn't too good.
@HDscreenerX3 ай бұрын
@@Ay_Ole That's exactly why some of us would like hear about it from someone who has been doing such business.
@Ay_Ole2 ай бұрын
@@HDscreenerX I think he did talk about at some point. It was too much hassle, MBs being returned with damages etc.
@helseguru11943 ай бұрын
Once upon a time, Phuket was a jungle. with trees and green spaces everywhere. Now it has all become a pop-smart sandbox with houses everywhere
@julianshalders60473 ай бұрын
Same as Koh Samui, absolutely decimated.
@nickgosselin693 ай бұрын
Was there in 1990 was a heaven
@craigharman76773 ай бұрын
Mate your going well, most importantly you and your family are happy and healthy. Social media is a double edge sword as you know...say no more🙏
@commanderbishop2 ай бұрын
Holiday home in Thailand - waste of money. Typical rental returns are 3% or less on average (don't believe all the stupid marketing hype of 8% a year, it's false most of the time unless your lucky and you won't be lucky forever) - rental rates per month, less than 20K BAHT is the average. A typical high yield money market accounts returns 5%+ a year with no risk. Stock market, on average 10% a year with little to no risk. It's cheaper to rent. Don't even ask me how many people I know that purchased a condo or house and 3 years later want to sell it - and they 100% always sell at a loss after factoring in maintenance fees, management fees, and taxes. There is no money to be made in Thailand renting out a property or owning one for vacation. Thats why renting is great! You essentially live for free. You live in Thailand, sure, buy something - it's your home - that's completely different. Even then, if your older, 65 and up retired, just rent, it's overall cheaper and if you want to move on, pick up your stuff and leave. No problems.
@SeanHendy3 ай бұрын
When I was in Phuket back in 2012 I spent a few days looking at properties for sale. I remember a two bed, two bath apartment in a very nice complex, only 2 stories tall, massive wrap around balconies, big open floorplan, marble flooring, western style throughout, about 180 sq m and the price was about £110k. Six years earlier I had bought in the UK, 2bed 2 bath, about 85 sq m, and it was £170k. In terms of value for money, it was a no brainer. If the intention was as an investment and hedging on the resale value, well, who the f knows where it does and doesn't go, but in all the years since, and having been a property owner (UK) for the last 18 yrs, I have to say my view has changed. I'd now prefer to rent, knowing that I don't have a long term commitment, other than maybe 12 months lease, and if the landscape changes, I can scoot to Malaysia, Vietnam, Philippines, etc, if the circumstances in those other countries are more attractive. At least that's how I feel now.
@nongen12343 ай бұрын
Always interesting, good luck with everything
@bigphill673 ай бұрын
hi richie now you have a beautiful daughter, i believe you can buy property in her name and keep it in a trust until she is older, thanks for sharing
@wontbelongnow55673 ай бұрын
Investment property in your own countries and rent because you know the laws better and less chance off being ripped of .RENT RENT RENT IN THAILAND, because you can only lose your rent and deposit. Also you can move if you don't like area or neighbours to suit you.
@Sham69-g5c3 ай бұрын
Phukets very own Del Boy ,this time next year you'll be a millionaire😉
@jefftaylor85843 ай бұрын
That makes you trigger the road sweeper 😅
@mickeyfoster6033 ай бұрын
love your vlogs Richie how much is the nightly rental on the villa peak season please
@RichieAndMaybelle3 ай бұрын
www.cocoastproperty.com
@christopherraley7813 ай бұрын
I have visited many times in Thailand will just rent even if I stay for a couple months when I ret
@darrenbadger68143 ай бұрын
G'day Ritchie, how much was that villa for sale mate? Cheers 👍
@donchow2743 ай бұрын
Hi,Btw,How is family?Love to see the baby soon and mommy too. ❤️✌🏼
@Sagan_Starborn3 ай бұрын
He’s already done a very good post that says he will never put his wife and daughter on KZbin again, so as to protect him. He’s right too.
@andygrant16133 ай бұрын
Wise bank give you a 5.85% interest that must pay the rent Fella no stress just enjoy the big lump x
@thomasmerrill35852 ай бұрын
The 20-25 million baht homes on east coast are dirt cheap for the size 100 percent more sq. Meters for same price on east coast??
@SuperChamom3 ай бұрын
Not good idea to invest big money in Thailand, as Farlang you can invest many Millions „ Euros „, but you never „ Thai“…always Farlang., I like you and Maybelle very much, thanks for all good Videos in the past but all „ new Videos „ are only to make „ Proberty Investment or RNBN Rental, for the most „ Follower“ not can stay more as 2/3 weeks and don’t want invest big money in Thailand…every year new rules..
@dirkboon32963 ай бұрын
If you really want to know how to do what he's trying to explain here, the best person (on youtube) to ask would be Chris Parker.. his Moonstone villa on Samui the example.
@Joey09113 ай бұрын
Richie you need to start drinking heavily again. It will grow hair on your balls !!
@lukew52553 ай бұрын
We came for lunch unfortunately you weren’t around even made a TicToc on your restaurant. Hopefully we will see you next time.
@EarthCamper3 ай бұрын
Brilliant...like the business model.👍
@living-m1m2 ай бұрын
Ultimately its not worth it, better to buy for self use, if you achieve a great price. I've been Airbnb-ing in Gold Coast for 7 years to present, don't believe the hype
@anthonycarney78493 ай бұрын
Fair play to u I remember u at the beginning u had a card in ur wallet. Look at u now in two years I am retiring age I hope to sell up &move to thiland 😊😊 close to beach with in walking reach😊
@mreyes53233 ай бұрын
top notch.
@simonreid58903 ай бұрын
Your hard work is going to be taken away from you by taxes
@seanquigley81233 ай бұрын
Remember to make a will if you buy anything there as in the event of you passing the Thai government will keep your assets for themselves
@jefftaylor85843 ай бұрын
Would have liked to hear about ROI expectations. It was also an opportunity for you to promote and factor in your services.
@anthonycarney78493 ай бұрын
How much r them villas &others in ur area 😊😊
@lisadurban3525Ай бұрын
If you make a little extra money buy some land with the intention of building a small house for yourselves in the future.
@davidfrederickgrant77703 ай бұрын
The government of Thailand have zero desire for foreign property investment.. It's not encouraged! Same in Vietnam phillipines.. Don't waste your money or time. Sure rent day to day etc... But unless you have been married to a local f I r 15, 30 years don't bother!
@Sanman12123 ай бұрын
Never buy a Condo! Especially now, watch changes upcoming in taxes, ownership and businesses. Once all illegal deals are rescinded prices will fall.
@craigwest47413 ай бұрын
🦘👍🇦🇺
@E-SaanKlausi3 ай бұрын
Smart ❤
@sebastianhorbushko8703Ай бұрын
At the end of the day, you own nothing, lease, nominee partner, illegal! Condo, good luck, dont be a con man! Who wants to deal with something at the end of the day that you will never own.
@theskilledgardener3183 ай бұрын
My God ..am I first on something
@1111000ANGEL00011113 ай бұрын
some good tips i wish anything financial was straight forward though maybe you can cover more on if you must live in Thailand to invest there and tax on worldwide income and how this effects you investing if it does at all thank you
@darkbrother85163 ай бұрын
Forget about all the risky investment in real estate stuffs. I only have one word for you if you ever want to become financially independent and just live a life as a retired expat gentleman in Thailand by the time you are in your early 50s. That word is BITCOINS.
@donniemorris99593 ай бұрын
We both agree on what your doing, get all the property you can around your coffee garden, sit back and reap the benefits of haveing all your business close to you
@jameslappin90173 ай бұрын
have you now became a legal adviser for real estate ,,,dont give out advice on house sales if your not trained in thai law .
@robstratton62963 ай бұрын
you're
@Landofsmiles9993 ай бұрын
Relax, Richie's thoughts and suggestions are a starting point for someone.