Hi all from a newbie.
Just wanted to get your opinion on investing in Thailand.
I have heard a few good things and I am particularly interested in this company.
They say they promise an 8% return GUARANTEED.
You buy a villa or appartment in their complex and you use it for 30 days per year for holidays and the rest of the time they rent it out for you. You can choose 8% guaranteed or 40% of the rental revenue which ever you thing will be greater.
Any thoughts?
Originally posted by Sledge:Hi all from a newbie.
Just wanted to get your opinion on investing in Thailand.
I have heard a few good things and I am particularly interested in this company.
They say they promise an 8% return GUARANTEED.
You buy a villa or appartment in their complex and you use it for 30 days per year for holidays and the rest of the time they rent it out for you. You can choose 8% guaranteed or 40% of the rental revenue which ever you thing will be greater.
Any thoughts?
Initial thought
What’s your position in the company ..
See Change
Thanks for your help. Are you all so friendly in here or is it just you.
Sledge
Originally posted by Sledge:Thanks for your help. Are you all so friendly in here or is it just you.
Sledge
Yes [biggrin]
Flattery will get you no where …..[baaa]
See Change
I have obviously wasted my time and effort registering. I shall not return.
Mods please delete my memebership!
Sledge
Hi Sledge,
Hope you haven’t gone yet but deciding between 8% guaranteed or 40% of rental revenue sounds like a game of two-up with a residential real estate twist.
If you’re not affiliated I would steer clear.
Sledge,
I must say what an interesting response. How powerful did you make SeeChange?
Anne.
Originally posted by AnneLeo:Sledge,
I must say what an interesting response. How powerful did you make SeeChange?
Anne.
Anne I think Sledge’s name and reaction say it all. If it had been a genuine question they would have reacted differently.
I think many people thought the same about the post, but didn’t bother responding. Normally I don’t.
See Change
Sledge
I’m surprised that you not able to take constructive criticism. What did you expect, that everyone here would be jumping out of our clothes to invest in Thailand????? Frankly unless you had some relation over there partnering in the investment (keep an eye on it etc.) , I would stay right away from investing in areas that I didn’t know anything about.
Eric
Sledge,
By all means stay and continue posting – you are very welcome.
Be aware that if someone pops up on a forum dangling a URL to an investment company on their first post it is understandable that most people will think it spam. We get a fair bit of it and it is regularly removed.
This is why the URL has been removed.
All the best,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
SeeChange,
Sometimes I am just so naive. Ahh well, another lesson re discernment and restraint.
Anne
Last time I was in Thailand (nearly 10 years ago now) I was led to believe that only Thai national could own real estate property. Even if an ex-pat married a Thai national woman, that was not enough to enable them to own real estate.
The big enticement of working in Thailand was the (relatively) low tax rate (top bracket was 30%) and the ATO-Thailand tax treaty. I ended up with low-income support from ATO that year.
But I could be wrong and/or things could have changed since then.
Regards,
SnakeMay be like the Philippines, where you can own an apartment, but not a house on land. If you are married to a resident, it is possible to buy house and land but if anything happened to them, land would forfeit back to the government.
This is my understandingHi there
Just attended the Masterclass in Perth where Dave spoke about his experiences in NZ & US.
Some issues to consider
* local knowledge ie getting out there and seeing the lay of the land yourself. How do you know the money you are paying of that investment is going to the investment and not someone’s dream porsche.
* not too sure whether the investment involves $Aust or $US or $FX (some other foreign exchange currency). There may be implications eg make money on investment but losses when you sell during due to currency conversions.
* Different land, different laws.
* Whether you are a resident / citizen of that country may have commercial implications.Peter
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