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Originally Posted by PARA
Thanks stevem. Appreciate your honesty. Food for thought I guess. I'm actually earning very good money for the first time since leaving the forces, and progressing well in my career etc...but I hate the rat race if you know what I mean. I'd far rather just make a living in some place where im happy than make a lot where im not happy.
I've thought about buying somewhere and looking into the possibility of employing a Thai person to manage it, and then make the move if things go well. Anybody had any good/bad experiences of this kind of set up? Kind of makes sense to me...surely prices/profits of businesses are down at the moment, and then as tourism increases again the profits and prices will go up again.
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I think you've answered one of your own questions, you are now making good money, so stick it out for awhile and put that money away, as honestly even though businesses can be brought cheaply at the moment, ~B3m still doesnt go very far in Patong. I couldnt wait to get out of the rat race either, but you have to make sure the time is right to walk away from a good paying job.
Buying a business and leaving to be run by someone else, is basically asking for trouble, unless of course you know them very well and even then problems will be experienced.