Owning Investment Property in Thailand 🇹🇭 (Video Tour)

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Can foreigners own Investment Property in Thailand? This video answers that question, and tours your through a multplex (multi unit rental property) for sale in Pattaya. I found a great place to walk me through the numbers, discuss the legalities of it and take us on a video tour. Then, we met the owner, who is an amazing guy, and he let us take a quick peek inside his INSANE house that is also for sale. Would you ever consider selling it all and moving to Thailand to buy something like this?? Comment below and let me know. And oh yeah, wait 'till you meet Lyle. This guy gives new meaning to the word 'chill'.
If you are interested in this place, contact the nice people at Coastal Real Estate who were kind enough to take the time to show it to me:
Website: www.coastalrealestatepattaya....
Office:
[phone] English
[phone] ไทย English
[phone] ไทย 中文 English
Line ID : @coastal
or email them at [e-mail]
Here are a couple of more videos of these same places:
The multiplex: bit.ly/2fGUYbK
Lyle's house: bit.ly/2u3acik
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[@edgybear9915]

Nice, I plan on investing in real estate soon.

[@edgybear9915]

@Higgins Moore interesting, can you tell me more on this, I'm interested😶😶

[@edgybear9915]

@Higgins Moore Which is more preferable A trading company or a trader?

[@edgybear9915]

@Higgins Moore I've seen different recommendations about Mrs Ellie McKenzie on some crypto currency videos here on KZbin, she must be very exceptional for people to talk this good about her even on this platform!!

[@edgybear9915]

@Denise Allen really?

[@edgybear9915]

@Higgins Moore I once thought of Investing in crypto around July 2018 but was discouraged with the rise and fall of bitcoin. But seeing this I think I'll try trading with Mrs McKenzie

[@IdeaStudioBKK]

His personal house is baller. Also, a guy named Mohawk... it doesn't get much better than that.

[@streetfoodquest4198]

DANA!!!!!! Would you buy this place?

[@IdeaStudioBKK]

@@streetfoodquest4198 If it was in Bangkok, for sure. But Pataya life isn't for me. it's also a bit out of my price range. 5555. But Jib and I have some long term plans for a pad and design studio in BKK in the next few years hopefully.

[@lukerabin5079]

@@IdeaStudioBKK cool! I’d love to talk to you about that Dana. Mine and I are thinking about similar ideas, in similar locales.

[@IdeaStudioBKK]

@@lukerabin5079 Def hit me up, always happy to chat.

[@MariaGarcia-gv8hj]

Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment:|

[@lovetypauline6530]

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.

[@MariaGarcia-gv8hj]

No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.

[@lovetypauline6530]

Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.

[@MariaGarcia-gv8hj]

I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.

[@davidomcculloch3109]

Maria, Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on KZbin videos and attempting to manage my finances on my own hasn't been very effective.

[@CaneBTC]

Wow, prices are much higher than I expected for such high risk.

[@cherryberry2961]

Thailand is more expensive than people think.

[@markthomas1341]

Yes ....i agree....didn.t expect those figures ....even with the "Wow" factor

[@packageism]

Price is high but doesnt means its worth that or that he will sell it for that!!!!

[@epasternak4206]

@@cherryberry2961 it certainly can be of course, it really depends where in Thailand and how you wish to live. This is only one option. Cheers and beers!

[@borstalD91239]

Asking price don't mean much now....buyer's market not sellers

[@billiam4835]

Easy to buy very difficult to sell

[@dfilion3]

Personally if I was selling a 500k house I would rent in Thailand and buy Bitcoin after it crash. In 10 years it would likely be a better deal.

[@jonklause5130]

BUY BITCOIN

[@packageism]

And ethereum

[@markthomas1341]

Absolutely right....

[@kiwi123467]

Buy zil stake in moonlet or liquidity pool in zilswap earn 10% daily

[@packageism]

@@kiwi123467 just another shit coin?

[@nickross4307]

IF ITS SO GOOD WHY ARE THEY SELLLING ???

[@andrew_to]

Love these property videos. Excellent work. ⭐️

[@sirrebral]

The 500K USD scenario means financing about 1.75M US. Let's assume that the seller wants a 5% return on his loan; that's a payment of $9,400 per month (assuming principle & interest over a 30 year amortization period). So the 300K THB per month in net rents (~$9,150) would be a small loss of $250/mo...and that's before factoring in things like vacancy/turnover, taxes, depreciation, dips in market value, etc. It's not necessarily a bad option as an owner-occupied place, especially given a possibility of earning equity over the long term (maybe), but it's not a no-brainer investment either. For example, one might take that 500K USD and invest in funds that average a 4% annual return; after capital gain taxes, one would net about $1,350 per month, which is close to double what it costs for a long-term rental in Thailand.

[@vanhocwong6689]

Just my opinion, but I suspect when you buy into the company, there will be loan/s inside the company. If anyone is interested, I hope they employ an independent accountant to go through the books. Pattaya, like the rest of Thailand is suffering a downturn in tourism. So you really need to understand the full impact of what you are buying. Just have your eyes wide open.

[@marquis51]

indeed seems much easier to invest in funds

[@vanhocwong6689]

@@marquis51 Pls don't take this the wrong way. Its just that when you are thinking of investing $1M plus, you should do proper due diligence. And one should further note, in a down market, properties are one of the hardest to turn into the liquid cash. I heard many businesses and apartments are up for sale, throughout Thailand

[@kippsguitar6539]

thats right, for rental income buy small 1 bedroom places and get big yields, bargains galore now

[@willsmith39]

@@kippsguitar6539 Even if for some reason you don't want to invest in funds but property, why property in Thailand and specifically a place like Pattaya? I'd be doing something like this in a country where I understand the market better, the laws weren't different for foreigners and crucially where both rental yields and capital growth on the assets was high. I don't know anyone who has bought into condos in Thailand and made huge returns, mostly I know people where it didn't do much or went down. And second hand condos in Pattaya can often be quite illiquid. Whereas if I'd stuck my 2.5 m USD in Vancouver or Melbourne or Miami 5 years ago then I'd be looking at pretty healthy grains. ( I'm using the 2.5 because that's what this costs - not because I've got it in a suitcase in front 9f me 😄) So I'd say buy in the place you know and use the money that investment throws off to fund your life in Thailand. People get caught up in renting is a waste of money, it absolutely isn't if you could using your asset purchase money more effectively some place else.

[@markthomas1341]

Another great video Chris....stunning rentals and a really great property that Kyle is selling. Fingers crossed for my Lottery numbers to come up....🙏🏻🙏🏻🙏🏻🤞🏻🤞🏻🤞🏻🤞🏻

[@BadApana]

This is my favorite video of yours so far. Both properties really are amazing and wonderful!

[@packageism]

Hard to find tenants to pay such high rent and a BIG hassle. One tenant on top floor is from Russia having parties and annoying everyone else. Better off buying a commercial shop near a popular shopping center. 1 tenant 1 rent and easy to rent out if in a good area. It’s what we did

[@dr.winstonsmith]

Too much risk right now to drop that amount of cash for property in Thailand.

[@dr.winstonsmith]

@Bapo Boy If the “situation” restrictions keep fluttering in and out then you’re not going to get enough expats to fill your units and you’ll lose a lot of money. Too much uncertainty and the price is high, bad combo.

[@Adrian-S.]

Both properties are incredible, but why is Lyle selling? short answer might be: no business, no renters. Which is very sad indeed. The reality in Thailand at the moment is truly worrisome. I really hope they will pick up business soon. It's good of Chris to show us these properties. It's good if he can help out the businesses. Good luck!

[@brucewayne2773]

Most of those complexes looks like they are empty at this point? why is he selling is a great question. You can buy or build a lot of nice places for his asking price.

[@besouniveirs.1643]

The funniest thing would be Lyle buying a mansion in California with all that cash a stupid farang would bring him.

[@vintageexcellence]

@@besouniveirs.1643 ha ha - 4 and half million won’t buy a mansion in California anymore, stupid falangs are the ones living in California trying to make a living with a California business that has a worthless workforce of entitled people and taxes going higher and higher every year.

[@radical9er]

There is a bigger problem... global warming and sea level rising... Business wise, there so many empty properties for sell. They over built that city. Billions are frozen... Maybe Chris is a nice guy but he is not someone you can't trust for investment. He is either a dummy or a con.

[@brucewayne2773]

@@radical9er Chris is a very wise investor as we all know. He is just making content for his vlog, I don't think anyone is serious enough to consider buying anything especially multi million dollar properties in Thailand. At least I hope not.

[@dcm699]

I think sticking your 500k in an Index Tracker at 10% compounded would be a good option under current circumstances...and give you a nice income for a care free life in Thailand imo. Taking a deep breath and buying a 3 mil condo in the current situation which could last 2 -5 years yet is just too much risk IMO.

[@Nautilus1972]

500K into Bitcoin now will be 5 million one day within a few years. Your way would take 24 years to accrue the same gains.

[@kiwi123467]

Rent buy zil or port on zilswap earn passive income exceeding 300%

[@Moskvich007]

Have a good life Lyle in your crazy house. Tell us when the walking street is back

[@WereinHuaHin]

Nice peek into a different world! Thanks for showing around

[@porkpie8667]

It's such a good deal. That's why he's selling it .

[@BrandonGolets]

Exactly.

[@hf3419]

Exactly, can’t rent out at such prices nowadays….. duh….

[@porkpie8667]

@@hf3419 none were occupied in the video . 50k per month you would be lucky to receive 8k per month now . They do look good in the video

[@radical9er]

Great deal for them "wink" "wink". In fact in one deal he can secure all the necessary fund for his daughter's MBA =)

[@porkpie8667]

@@radical9er most people think these KZbinrs are doing for a hobby . They are getting paid for reviewing places or adverts like this one .

[@method341]

80 million baht.....get ouuta here!

[@antruok4950]

Super impressive set up - Lyle rocks 👌 - thanks Chris 😃👌👍😎🙏😷🍻

[@vanhocwong6689]

Today, its 11,000 plus cases, and 101 deaths. This is Not going to end soon, unfortunately. And things around the world is Not getting any better. Definitely not the best time to buy any major property.

[@brucef310]

so a 99% chance of survival. I like those odds.

[@radical9er]

Chris is offering an alternative solution, how to probably die with a heart attack when you realized you have been screwed and ot's too late.

[@bannertraveller5879]

@@brucef310 RIP

[@brucef310]

@@bannertraveller5879 I'm vaccinated

[@bannertraveller5879]

@@brucef310 good!

[@doughunter8396]

Nice to see these kind of options are out there in Thailand.

[@nickross4307]

WHY IS LYLE SELLING.......???????

[@theslifestyle2030]

Wow !! Super Crazy house and rental property Chris ! Thanks for sharing.....Def looking at this.

[@Mr.TravelKing]

Thanks for the insight Chris! Very helpful for those looking to buy property in Thailand.

[@stevemyers2092]

he should know he has a $2.5-3 million USD property on Samui

[@Mr.TravelKing]

@@stevemyers2092 Really? I did not know that, in that case he should know.

[@besouniveirs.1643]

​@@stevemyers2092 the Moonstone villa? I was wondering how easy he rented what was listed on Bookingcom as a 61k/MO villa as a family getaway. Makes much more sense now.

[@willsmith39]

@@stevemyers2092 That means he has a 2.5-3m place on Samui. That doesn't make this, or even that, a good investment necessarily. But I'd be way happier of the two options to have that sort of money sunk into Samui than Soddom & Gemmorah on Sea. But I'd never put the sort of money into Thailand property anywhere. Just way to many risks attached and not enough upside. If you'd bought a parcel of beachfront 20 or 30 years ago in Samui then you've done very nicely I'm sure. But I'd be taking money out of Thailand right now not putting it in.

[@ynotneb]

@@stevemyers2092 Just checked the Moonstone Villa. They are listing it on AirBnB for US$2,000 per night! Plus, they list themselves as a Canadian and Korean owners of the property -- which is impossible, unless they did something illegal. I think there is more to Chris than the fanboys and fangirls on this vilog realize.

[@swedishburrito5073]

👍🍺 Great video!

[@tianly6177]

Beware of the deal that sounds too good to be true. Beware.

[@nickross4307]

YOU WOULD HAVE TO BE CRAZY TO BUY ANY OF THIS....... WAY OVER PRICED AND TOO MANY UNCERTAINTIES..

[@besouniveirs.1643]

Yeah we all know how well the whole "invest in condos" scam went even for locals with maintenance fees higher than the rent they could possibly get.

[@Stock12345]

Do you invest in the Thai stock market?

[@snoopy13946]

I haven’t even sat down with a calculator and already, as the guy is saying the figures and my brain is doing rough and quick calculations , I’m thinking that’s a poor investment.

[@vintageexcellence]

If this property worked like in the west and you could raise rents 2% a year and the building had appreciation then it makes sense. Also we buy on loans in the west so 80% is usually financed and we get 4% rates on commercial property right now if the cost is owner carried loan is not favorable then it makes it way less interesting.Trouble is so far these places don’t go way up in value over decades like back home. Hmmm that could change some day as foreigners are given the ability to buy land in Thailand which will happen someday.

[@seabrookcity8778]

What is the cost of property taxes yearly where could i search to find out more?

[@webosm6494]

Property taxes are very low, nothing to worry about. For a condo service costs are the main thing to watch out for. Also for water and electricity rates as they are sometimes sub meters from a building, with usually high rates.

[@Irani_guy]

Hey Chris I am coming to Thailand to buy a condo. Would you recommend buying in Koh Samui or Bangkok? I want to use it once a year and rent it out.

[@TheJHyvo]

Only dark clouds over Thailand right now, so even if i would love to start invest thailand and pattaya, nobody can be sure what happens next year or two. Baht can go weak, tourists cant enter country, hell there can be even law soon that no farang can own anything in thailand. Losing 500.000 dollars is so easy.

[@DarkoFitCoach]

Yes rules change on the daily

[@acboys6991]

So true wait and see

[@epasternak4206]

Absolutely, the country needs a new government IMO and fast.

[@findyourfocus]

This would be a foolish "investestment". It's more like a "divestment" a retire would never live to see a return and have to live with the stress of running a risky rental business that could go sour at any time. Better to just rent and enjoy your retirement as you should.

[@Cimon422]

I would like to see something like this but for cheaper price... All the videos I've seen it's for millionaire

[@robbieblackburn2880]

Tell him he's dreaming

[@narellec]

Haha took the words out of my mouth. Soooo looks like Melrose Place!

[@alanrankine1255]

Hugely entertaining and very interesting Chris. Thank you for posting. But wow, both properties are way more expensive than I was expecting and a massive risk too. But PLEASE do post more real estate vids - Koh Samui maybe? 🙏

[@radical9er]

He should stay away from investment. He is embarassing himself and insulting our intelligence.

[@alanrankine1255]

@@radical9er Nah, I don’t see it that way. I see it as informative and most of all entertaining. No one is here for investment advise (I hope!).

[@arnoldvosloo220]

@@alanrankine1255 He could at least be honest about some of the cons of such a deal and pushback against the insane asking price. He is presenting this as a good investment when it's not.

[@ynotneb]

Perhaps Lyle paid him to do a promo?

[@radical9er]

@@ynotneb he should have disclosed it to the viewers and also not lie, pretending he is giving a great investment advice. Would dupe people because someone paid you to do so?

[@blaze376192]

So whats the average cash flow a month?

[@michaeldo1988]

love you chris!

[@Angelsk007]

Amazing!!! thimkimg about this

[@SewbyPamela]

Chris, this place is absolutely amazing 🥰 I would love to stay during my visit to Thailand if it’s available.

[@godswillisaiahbassey680]

This apartments are beautiful, wow! Wow!!

[@linsayhenry920]

What did you do for a living prior to vlogging?

[@RetiredWorkingForYou]

worked in the film and TV business for 20 years! but on the non-glamorous side supplying camera gear and post production services.

[@jamesbond926]

Is there lifts

[@effie-montreal]

Chris what a cool video thanks for the video

[@tomiasthexder7673]

A fool and their money are easily parted.....

[@kenplummer4644]

On the condos for sale, good to include the monthly assessment and tax costs, if any.............

[@MrZola1234]

I’d be more interested in owning a lower to middle class multi unit place that locals rent.

[@seanwitt864]

Chris, been a subscriber for many months now. Enjoy your videos. I was pleasantly surprised to see you working with Coastal. I recently worked with Kevin and the Coastal team to purchase a beautiful beachfront condo just north of Pattaya. I'm not an easy customer and Coastal worked very hard to meet all of my goals. They're very knowledgeable about the market and they were always very honest in dealing with me. Can't recommend them enough. Keep up the great work Chris!

[@aussiebob7923]

Awsome Units & Unreal Private Home

[@junglegeorge971]

Damn, when can I move in? Super sweet! 💪❤️🇺🇸

[@radical9er]

Make sure transfer to Chris half a million dollar first... you know what? Don't come... join the homeless and morrons in LA =)

[@Perfecthomescnx]

interesting watch

[@jomontanee]

Wow, great maintenance. 55k a month with 2 baths and 2 beds, full blown kitchen… worth it.

[@cappuccinopapi3038]

I really don't know about this one... still it was entertaining

[@sunnienie239]

It’s very beautiful luxurious apartments so to call the price as high as praying for the hotel

[@4KChillVibes.]

Now that house is epic... and i bet has seen some even more epic parties.. Chris this share holder votes that this should be the venue for the first ever combined EGM and AGM for the shareholders of RWFY

[@cherryberry2961]

Never invest in a country (Thailand) that you cannot acquire citizenship in!

[@packageism]

You are misinformed. I am married to thai with work permit earning 40,000 baht a month for 3 years. After 3 years I can apply for thai citizenship. Can take up to 3 years

[@webosm6494]

@@cherryberry2961 Personally know people who did that but they lived already more then 15 years in Thailand, spoke Thai and had a good job and money in the bank. It is definitely not easy as the low numbers of foreigners per year suggest (about a 100 or so).

[@packageism]

@@steveb1294 Maybe you should avoid bar girls.

[@ynotneb]

@@packageism I've lived in Thailand for 40 years...had a Thai wife. Am fluent in the language. I have no chance of becoming a citizen. You need to read up on the requirements a bit more.

[@graphicslost3046]

the place is called life beach for the condo

[@tomheraty7456]

Love the apartment building Would you guys Give 72 million baht to get 3.6 million in a year 5 or 6 % yield for Thailand I think even at 10 % yield not for Thailand I feel for the risk you would need 12 % to 20 % yield

[@charleskeegan248]

Yes you will find a higher percentage yield from other projects for sure. The key to this is its unique style and large luxurious theme couple with location a few minutes to beach and city surrounded by amenities. You’d probably need to have a personal interest in the area and positioning yourself there as did the current owner as he lives between here and BKK. The 38 min Hi-Speed rail to BKK in 5 years time will hopefully play a major part in the long term investment in these large investment properties. Let’s see! For any specific searches give us a shout at Coastal and keep an eye on the website for more listings… www.coastalrealestatepattaya.com Thanks, Charlie Coastal

[@kippsguitar6539]

i have been giving the opposite advice in south east asia for years, never sell your house in the west, cash in and move to thailand, fraught with danger, instead, live a great life on your fat western rent and chill unless you really know what you are doing

[@stevemyers2092]

that's what i am planning on - 4 condos rental @ $2300 each - $300 for condo fees = $2K each (easy) = X 4 = $8K less $2K (25% tax) = $6K after tax dollars to live on while my properties only appreciate. Can live on $6,000/month without a problem. likely spend $3-4K max and bank 2-3k/month = $25-30K year .

[@a_pullin]

eh is this a series of unlabeled sponsored videos?

[@s.m.l.8040]

Where is the ocean view? You can ask every real estate agent, what are the 3 most important things when you want to buy a property? The answer is: location, location, location! Without ocean view I would never spend any cent for a condo in Pattaya. Pattaya anyway is a very difficult market for real estate investments. There is far too much supply and vacancy and far too little demand, even before Covid. And the construction quality of most buildings is poor.

[@ynotneb]

Besides, the ocean view in Pattaya is nothing compared to the Andaman Sea coast. If you want views, the rent cheaply and endlessly visit all the amazing beaches in southern Thailand.

[@willsmith39]

Love you Chris. But I'd run - not walk - from both of these even if Pattaya wasn't currently a giant homeless ( non) shelter. Which it is and God knows when it will come back and in what form. But even in the absolute boom times dropping 5M USD total in Soddom & Gemmorah on Sea for a mini condotel and a weird office complex come random 'villa'? Yeah - hard pass. On the condotel your current rental income would be a fraction of the numbers quoted. The house - I'll drop my 2.5m USD in the South of France and if it's going to be on Thailand it would be Samui or Phuket - not sleazeville. And I wouldn't be spending that kind of money on Thailand, too many unknowns. Maybe the next coup they won't be so keen on foreigners owning anything. Just rent people. You can rent awesome properties for peanuts there and it's not going to be leaping back up again anytime soon. Lyle seems a nice guy. Hopefully he doesn't need to get his money out fast / ever. 😬😬

[@hammerhammer4784]

Wish Chris would tell the truth about investing. He's so hell bent on being the good guy thru this pandemic. If I listened to his advice I'd be broke asf.

[@zeebooboo578]

Hey Chris....why you advertise haven for sale and there's no human there???

[@leonardburns4589]

COOL !!!

[@Neednoy2]

If the vdo stated the number of renters will come with the property , it would be very helpful.

[@jagman4111]

there have been much much better appartments for rent in other vlogs in nice areas and sea views for significant less - so the rental income at that level sounds a bit of a fantasy to me

[@aaronbux1]

Christoph .. as always .. taking care of the people's questions and needs. Thanks Chris! .. and Adam for the stellar camera work!

[@RetiredWorkingForYou]

Glad you enjoyed it!

[@iwjduean1]

55000 per month to rent a room,I rather than buy a condo better. In Thailand , I recommend condo for living not for investment,

[@itsjazzyjamtime4198]

wow amazing property, but I shouldn't have Watched The Serpent before viewing this vlog the apartment block had a similar feel to the one in The Serpent or is it just me...However, should be a great investment opportunity at a lower price,c19 recovery dependent and how the political situation pans out. QUESTION ? What is the reason for the vendor putting the apartment block on the market? are any of the apartments Occupied long term / short term?

[@swhiting100]

Lol!

[@natetran9987]

any missing foreigners in the area, with recent stay at the property? would make a pretty cool netflix series.

[@christianpeter3176]

Has anyone seen the serpent on netflix. If you know what i mean.

[@junglegeorge971]

Wow… holy guacamole, Batman!”

[@MrLee1608]

Foreigner can buy land in thailand?

[@besouniveirs.1643]

Of course not.

[@KH_Minimalism極簡人生]

Great sharing Chris Assuming this property ( multi-apartment building ) able to fetch an annual rental income between THB 3.5M to THB 4M ( for the total 10 units base on pro-rated occupancy under the normal circumstanaces ), it would provide a gross rental yield of 4.5% -5.0% base on a THB 70M investment. The rental income for the company could be improved by coverting some of the 200sqm units into smaller units since the rentability and individual rental yield could be higher under the current pandemic market. This can be a perfect match for someone who is looking to settle down with a establised business In Thailand which come with work permit, especially with substantial saving on transfer fee (2% I presume ) since this is just a take over of company shares instead of the normal property title deed transfer. Property investment is all about long term and requires holding power, everything is for sale at the right price I guess. Wish you guys all the best.

[@vanhocwong6689]

You should remember, the company which owns this apartment is 49% owned by the foreigner (Lyle) and 51% owned by a Thai national. You need to ask whether this price is Lyle's share or is it the whole company - note, you can't own 100%, so its likely the 49%. Secondly, my experience with Thai companies, is they are highly leveraged. IMHO, if anyone is interested in this property, they should hire an independent accountant to conduct a due diligence.

[@KH_Minimalism極簡人生]

@@vanhocwong6689 Absolutely, also check especially any back to back agreement for the Thais directors' holding under the company and as well as how many working permits available under the current organization setup, etc... "1st rule of investing, only invest in something a person understands ", your good point is helpful. （ normal practice for the take over of business do include the Thai's holding which include the back to back agreement, otherwise the investment is meaningless/risky). It is open market will willing seller and willing buyer, hope Lyle find the right buyer soon. Property investment is very illiquid which should be the main concern for any buyer.

[@JohnLee-ht2pq]

2.25 million for a 49% interest in the company?

[@vanhocwong6689]

Foreigners can't own 100% of Thai companies, so yeah.

[@The_Lambs_Bread]

55k a month ain't cheap!

[@AbroadInThailand]

I'm already in Thailand now I just need to get the money to invest!

[@pluto2010]

Minor observation... Coastal is misspelled "Coatal" on the introduction.

[@lukerabin5079]

You’re right! It’s exactly the same vibe as Melrose Place! And Lyles place could be a totally baller night club!

[@ynotneb]

dream on Luke

[@lukerabin5079]

@@ynotneb that’s all what old guys like me do anymore!

[@manvindersingh4384]

Hey mate I watched a video from another guy he show some of elephants farm kind of farm they struggling with food. Can you make a video please and we happy to help them. Please please do that video there are soo many elephants and other animals need our help support. I can trust you mate.

[@English.with.Mateusz]

72,9 M THB during a crisis? Sounds a bit too much.

[@AcmeRocket]

His brother's name is crewcut

[@nickk9499]

This is just as expensive as western prices, if not more !!!!!!!!! Lyle is a shrewd hussler

[@harryshannon2579]

You done good this time m8:very interesting video. not a great deal but I think you can get the price down. Keep up the good work .👍👍

[@andrewmack2161]

Investing in property in any country is a big risk unless you understand the property market in the area. The Thai property market has been artificially high because there are so many Chinese investors desperate to get their money out of China (and away from the CCPs grasp). On top of that the explosion of the Thai middle class has given them some money to make investments in rental property, especially for airbnb income. So with the tough times in Thailand at present, there is lightly to be an excess of supply over demand, so Thailand is definately not a wise investment for a quick profit. Long term is a risk but will probably be OK like most other countries in the world. But be aware that property in Thailand can often take a long time to sell (1-2 years) if there are other newer developments in the same area, despite being correctly priced. Your money, your risk.

[@sno_mouse1235]

As awesome as that house was I would rather have something smaller.

[@user-pz9lr5vv2x]

Send info to me. Interested as well in the company?

[@Happyhealthyhorses2012]

I’m sure this is a well meaning video. But the comments below speak for themselves.

[@ivari75]

with a name like that he should have one...

[@packageism]

His living areas are great but everything is open and full of mosquitoes. I hate being bitten by mosquitoes when chilling sitting around

[@nickk9499]

I've been to thailand a few times, can tell you that this a inflated scam ! Thanks a lot Lyle old pal haha

[@vintageexcellence]

Hey forget Lyle’s house you didn’t take us to the underground garage in the place, what cars and space does it have? Funny fact if I sold my house in California I could afford to buy one of these properties, however if I could sell my USA Porsche collection in Thailand for what they go for there then I could buy both places and keep my California home 😂😂😂. Thailand is the land of low cost properties & women but frightening expensive exotic cars.

[@matthewyaquinto4662]

That selling price doesn't make the investment worth it. You would earn a max 4% return if everything went perfectly. Too much risk for little reward..

[@geofferyrobertson6608]

great looking units reasonably priced as well. ......... the agents name sounds like my ex's bikini line 55555

[@Cimon422]

The problem with purchase in Thailand is we need to have Thai person who sign with you. So this it's mean when you finished to pay the property, this Thai can say to you... Bye bye baby and keep the property you paid... And you can do nothing for protect yourself because the law in Thailand protect Thai but not farang...

[@vanhocwong6689]

They are selling the company (at least 49%) which owns the apartment block.

[@natdechawatjaiyasan8816]

Happened to a uk bloke few years back in Phuket. Very sad indeed

[@jesuisrobert808]

he is asking too much for so little rental income and at probably higher interest rates than in the US. There is no buffer for unforseen capital expenditure issues. Good luck with that price and rental income.

[@ynotneb]

Places in Thailand that used to rely on tourist income (Pattaya, Phuket, Koh Samui, etc.) are being TOTALLY transformed by the pandemic. No one should expect the situation to return to what it was like pre-Covid. With such a huge unknown future, it would be insane to invest in the Thai real estate market until the dust settles and the trends are a bit clearer.

[@ExtroLurkerhaz]

It will take a long time for Thailand to get through current struggles, but as the baht keep loosing strength investments like these can be good ideas. However its not high time yet for the high rollers to move in and take over business, they want the ones thats collapsing and just need someone with liquidity to move in and prepare for tourists.

[@slyse7en]

the word for this is "tacky"