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Is this all there is?
I've been home now for 2 weeks. I wouldn't say I'm suffering from the LOS blues, more the living in the west blues.
I got home and checked my mail and got my income tax assessment. So after stroking a cheque for about 1.2m baht, I started my truck and scraped the ice off the windows, poured a cup of coffee and wondered why I came home.
I should just sell it all and buy a little bar in Thailand and enjoy life for a while.
I have assets but no real residual income. I could live quite well in LOS for a year or two on my assets but then what? What I'd like to do is buy a bar in LOS and live off of it's income, keeping my own money in reserve.
I've gotten a lot of differing opinions and no real answers.
Can a person live off of the income from a bar in Patong or not.
How much can a person expect to bring in. I realize there is alot of factors involved so I'm looking for best guesses. Initial investment isn't really a factor, depending on return.
I know I'm asking for alot, but I think this forum could provide some honest answers. I certainly wouldn't rely solely on advise given here but I do know that many of the members here are doing exactly what I would like to do.
What advise do you give?
What would be the initial investment, and the net take home for the Owner be for the following....
A beer bar on one of the sois off Bangla
A gogo bar same area
A beer bar in Patong not on Bangla
A beer bar in Kamala, Karon or Kata
Where do you think the bargains are? Any up and coming area where someone willing to take a risk could do well?
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