if it is as you say worthless...... ill give ya 500,000 for it.
you can keep the membership
So tell me the worst on housing
Splitlid
Never said the land was worthless, far from it. It is a new development in Palm Hills and I bought it prior to development. The Chanote can not be given until the development is complete and surveyed. That should be next month. I have until then to determine how I want to handle it. Can be a lease or a company purchase.
Don't know how you got worthless land from my statement that I did not want the hassel of dealing with the local builders.
Never said the land was worthless, far from it. It is a new development in Palm Hills and I bought it prior to development. The Chanote can not be given until the development is complete and surveyed. That should be next month. I have until then to determine how I want to handle it. Can be a lease or a company purchase.
Don't know how you got worthless land from my statement that I did not want the hassel of dealing with the local builders.
[/quote]Has anybody on this forum actually bought and then sold a house in Thailand and made a profit?
Not exactly, but when I visited HH in Nov. 2005, I met a Swedish lady and her daughter who signed a 6 million Baht contract in Feb. the same year and were offered close to 8 million by another farang in Nov. when the house was 90% complete.
So it looks like a profit is more than possible.
Haven't actually sold my property but I've recently been offered 3 times what it cost me. It's not for sale but is very tempting.
I have 3 friends who have made a profit this year.
a. One sold her lease back to the owner with 25 years left on it. Bought 5 years ago for 4 and a half mill. Sold back to the owner for 7 mill.
b. Bought a house for 1.5 mill and sold for 2.2 mill without even moving in.
c. Bought a house for 4 mill. Build finished this year. Sold 6 months later for 85,000 pounds (can't be bothered to convert).
So yes, you can buy and sell and even make a profit.
I have 3 friends who have made a profit this year.
a. One sold her lease back to the owner with 25 years left on it. Bought 5 years ago for 4 and a half mill. Sold back to the owner for 7 mill.
b. Bought a house for 1.5 mill and sold for 2.2 mill without even moving in.
c. Bought a house for 4 mill. Build finished this year. Sold 6 months later for 85,000 pounds (can't be bothered to convert).
So yes, you can buy and sell and even make a profit.
