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  1. #1
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    How safe is Property Investment in Thailand?

    I came across this video on YouTube. This company (New Nordic) is offering 10% guaranteed returns per year on property investment in Pattaya which sounds like a very good deal...BUT is this safe? Does anyone have experience with this company or with these kinds of investments?


  • #2
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    My advice is don't believe anything anyone says about land investment in Thailand.

  • #3
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    Not a chance in hell of that return.

  • #4
    I am not in Jail AntRobertson's Avatar
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    "Guaranteed". "Returns of 10%". "Per year".

    Words and phrases that immediately set my Bullshit Detector(TM) off.

  • #5
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    Mind, any word or phrase sets your antennae buzzing...

  • #6
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    Quote Originally Posted by AntRobertson View Post
    "Guaranteed". "Returns of 10%". "Per year".

    Words and phrases that immediately set my Bullshit Detector(TM) off.
    "Pattaya" sets of mine

  • #7
    I am not in Jail AntRobertson's Avatar
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    Good point, that should've been the first clue!

  • #8
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  • #9
    Thailand Expat cyrille's Avatar
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    Exactly what I was going to add, Neal.

    This combination of words = RUN!

  • #10
    disturbance in the Turnip baldrick's Avatar
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    drummond did a story on this scam the other week

    HOW TO LIVE 'COMFORTABLY IN THAILAND ON US$560 (20,000 BAHT) A MONTH - THE VIKING SECRET - Andrew Drummond


    Quote Originally Posted by AntRobertson
    my Bullshit Detector(TM) off.
    can you tell me where you find your certified calibration turd ?

  • #11
    I am not in Jail AntRobertson's Avatar
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    TDH, Smeg's posts, any one of them.

  • #12
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    Quote Originally Posted by ThailandLover
    I came across this video on YouTube. This company (New Nordic) is offering 10% guaranteed returns per year on property investment in Pattaya
    I would ask for a non transferable, non negotiable letter of credit with a proper bank covering the 10% guarantee which would be released annually and according to the contract to test the waters.

    The Nordic group have a good name here but would they back their guarantees with Letters of Credit???????????????

  • #13
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    Quote Originally Posted by baldrick View Post
    drummond did a story on this scam the other week

    HOW TO LIVE 'COMFORTABLY IN THAILAND ON US$560 (20,000 BAHT) A MONTH - THE VIKING SECRET - Andrew Drummond


    Quote Originally Posted by AntRobertson
    my Bullshit Detector(TM) off.
    can you tell me where you find your certified calibration turd ?
    Andrew Drummond has been on his case for quite a while.

  • #14
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    Quote Originally Posted by baldrick View Post
    can you tell me where you find your certified calibration turd ?
    Have you tried Tuk Com? They sell all kinds of shit.

  • #15
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    I have a $1000 in clean dollar bills for sale. I'll give you a guaranteed 10% ROI for 10 years.

    Yours for just $2500

  • #16
    Thailand Expat terry57's Avatar
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    Companies like this offer up a 10% sweetener simply because they know there are fools out there who actually think it can be achieved in today's market.

    I mean, it's business 1 0 1.

    Relieve the fool from his money.

  • #17
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    Not sure about now ........but it's all about Location,Location,Location.

    When I lived in Koh Samui I built a House and brought a 2 Rai plot of land as well ( 15 Years Ago )

    The 2 Rai plot I brought for 600,000 was resold a few years later for 1,200,000 ( minus tax )

    I also brought a 1 Rai plot for 600,000 with a friend and we divided it into 3 plot ,he built a house ,I built a house and we later sold the 3rd plot for 450,000, so mine and my friends plot which we built our house's on only cost 75,000 each

    On my Plot I Built a House with a Swimming Pool for 2,000,000 ( including the land price ) and sold it for 3,500,000 . I did here the guy that brought it later sold it for 6,000,000 +, and I hate to think what price the 2 Rai plot of land I sold is worth now ???... In Hindsight it could have been a nice little nest egg if I had not sold them , but it's too late now to start thinking about 'If's' and 'But's' And I was quiet happy with my returns at the time .

    I had a Company and did everything above-board

    Not sure if it could still be done today though, but I'm quiet happy living in our House here in Surin that was build from the profit I made on just the Samui House sale


    BTW..No way would I trust a Company like the one in the OP !!!
    Big Ol' Lucky Ol' Al.

  • #18
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    I bought a NN condo and although the building is still not on the market, they pay 10% monhly at the exact date. I am not saying I am not afraid of a default but I visited them in Pattaya and their hotel operation is real and working. THey can be seen on Tripadvisor with good reviews. So, lets see.

  • #19
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    " Guaranteed "

    " Guaranteed "

    And if they don't meet their obligation what are you going to do ?

    In THAILAND !!!!!!!!!!


    Wasp

  • #20
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    I bought a house in the UK for 62,000 in 1991, sold it for 235,000 in 2007.
    Bought a bungalow in 2006 for 320,000 now worth 780,000
    I bought 12,000 shares for my pension in Lloyds Bank , were worth 7.30 each, today worth 69p each...I don't give out advice just warnings, hold on to your cash ��

  • #21
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    Quote Originally Posted by Bower
    I bought a house in the UK for 62,000 in 1991, sold it for 235,000 in 2007.
    I bought a villa in Lalaland for 12mm bht in 2003, doubtful I could get 10mm bht for it in 2017.
    Gave the ex a 350K apt in the 'loo, Sydney 1999 (amongst other things) to get rid of her. Recently sold for 1.49mm. Bummer.
    Last edited by sabang; 16-03-2017 at 05:25 AM.

  • #22
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    Quote Originally Posted by sabang View Post
    Quote Originally Posted by Bower
    I bought a house in the UK for 62,000 in 1991, sold it for 235,000 in 2007.
    I bought a villa in Lalaland for 12mm bht in 2003, doubtful I could get 10mm bht for it in 2017.
    Gave the ex a 350K apt in the 'loo, Sydney 1999 (amongst other things) to get rid of her. Recently sold for 1.49mm. Bummer.


    You and I should start up a firm of financial advisors

  • #23
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    Quote Originally Posted by Bower View Post
    I bought a house in the UK for 62,000 in 1991, sold it for 235,000 in 2007.
    Bought a bungalow in 2006 for 320,000 now worth 780,000
    I bought 12,000 shares for my pension in Lloyds Bank , were worth 7.30 each, today worth 69p each...I don't give out advice just warnings, hold on to your cash ��
    Lloyds a good buy today, I bought a 100k at 55p in August last year, 2.2p dividend (including the special divi) due in May, Government holding now below 3% should be zero in another couple of months and PPI claims nearly at an end. The company is on a sound footing these days and I expect an 80p+++++ sp within 12 months and increasing dividends. BUY.
    Independence day - June 23 for Brits.

  • #24
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    Quote Originally Posted by buriramboy View Post
    Quote Originally Posted by Bower View Post
    I bought a house in the UK for 62,000 in 1991, sold it for 235,000 in 2007.
    Bought a bungalow in 2006 for 320,000 now worth 780,000
    I bought 12,000 shares for my pension in Lloyds Bank , were worth 7.30 each, today worth 69p each...I don't give out advice just warnings, hold on to your cash ��
    Lloyds a good buy today, I bought a 100k at 55p in August last year, 2.2p dividend (including the special divi) due in May, Government holding now below 3% should be zero in another couple of months and PPI claims nearly at an end. The company is on a sound footing these days and I expect an 80p+++++ sp within 12 months and increasing dividends. BUY.
    I wish you, as I would anyone well with their investments but I am a buy in the dips and collect the dividends in the highs investor.

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