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mcb43

32 square metres & furnished.

I'm looking at buying in October.
Is it possible to find furnished for 500,000 baht?

rusman123

that seems about right..i paid 100,000 more for a bit bigger

aging one

Going to be medium quality at best it would seem. What just at 25,000Baht a sq. meter. Sounds fine, but small.

good2bhappy

good price.
Where is the condo?
Does it have a sea view?

mcb43

No sea view.
The plan is to buy the apartment primarily to negative gear back in oz without spending big dollars (approx 30,000 AUD) but not a shabby joint coz who knows what the future holds 5-10 years from now.
So, as far as I can see, if I rent it for 1 month a year I'll be right & repayments here are approx $200 - $220 a month which is doable as opposed to giving it to the taxman.

The important thing is it has a kitchen.
There are a few for sale in Jomtien minus a kitchen.
So if you follow the logic that a 2 bedroom is easier to sell than a 1 bedroom/studio then surely one without a kitchen must be impossible.

There is a really good one for sale in Central Pattaya that looks awesome but its in the Nirun condo and quite frankly I've read enough to know to stay away.
I like the idea of my kids being able to stay in Jomtien without having to be knee deep in Pattaya's naughty parts.

Plus there's an element of suck it & see.
I want to see how this one pans out before thinking bigger.

I'm back in Patt in October.
Having never bought in LOS before are there any tips, lawyers etc anyone can recommend?
All advice is much appreciated.

mcb43

Just thought I'd add, I intend to use it personally at least 3 times a year so it obviously must be half decent.

mcb43

Are you happy with it and all the proceedings?
Who did you go through?
Can you recommend the condo?

Cheers

HAMILTON

Agree with you about the kitchen. For a 1-2 week stay you can eat out but for a longer stay you get fed up having to go out and sit and wait for your food. A small kitchen would make all the difference.
What about the political situation with the recent troubles? ....though this seems to boil over every few years.
At a cost of only £12,000 for your own pad in Thailand the prices are really good.

mcb43

..........the falling Australian dollar.
At 81.whatever US it is rapidly destroying my plans.

peterpan

Unless the tax law has changed, I can't see you will be able to offset losses on O/s property against your OZ tax income.

mikenot

?? why not ?
As long as you declare the income, interest should be tax deductable.
The ATO website says ;
"
You may claim debt deductions incurred in earning assessable income – for example, foreign source income that has been included in your tax return. "

Getting finance here in Aus for a foreign property might be more of a problem.

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