Quote:
Originally Posted by Dodger
Only rental guarantees I've seen on the island are speculative promises by developers with NO insurance to back up the guarantee, so unenforceable if not meeting their target figure.
But if development is a gated community, with 24hr guard and run by a mangement company you will have the element of security required.
Apartment you could buy leasehold and condominium freehold so passport not a relevance, the only question is could you buy freehold land because you have a thai passport, if you wanted a house rather than apartment.
Where's Lil when you need him, he'll know I reckon.
|
Same same over here in Aust Dodger.
A company called Westwater Constructions was advertising on the radio about no risk investment properties. They were building units in the hundreds and guarenteeing fixed return results. Don't know if they were insured or not but they are now broke. Feel sorry for the investors if the insurance was not paid up as they will have lost everything and no results over ten years as promised. The owners might have to take their luck in the rental market themselves or move into the property and live there.
Regards
DB