The Secrets of Making Money Investing in a Bangkok Condo

Рет қаралды 55,426

Күн бұрын

Khun Oh, a real estate agent with over 10 years of experience reveals what kind of Bangkok condo to invest in that will give you consistent cashflow and an attractive yield.
Contact Khun Oh:
+66611628791
Naowarat@siam-estate.com
siam-estate.com
00:00 Intro
01:05 Why many expats buy instead of rent
03:06 Mistakes people make when buying a condo
10:29 The type of condo in Bangkok that consistently gets rented
20:47 How to negotiate with a stubborn Thai seller
25:08 How to make sure you can resell your condo
28:17 How to make sure the condo will be well maintained
30:20 Does condo brand affect quality, renter’s interest, chance of reselling?
33:04 Are we in a real estate bubble?
37:50 Will condos ruin Bangkok's charm?

Пікірлер: 185

@JettGunther Жыл бұрын

🏡 Looking for property in Thailand? We'll help you find a place bit.ly/3WNZ5D9

@zzzfftt Жыл бұрын

How can one get in touch with Kun O? She was detailed with her analysis, offering a real perspective

@JettGunther Жыл бұрын

@@zzzfftt bit.ly/3WNZ5D9

@persistentone3448 11 ай бұрын

@@JettGuntherThat is your website, not her contact page.

@singhabeers 5 ай бұрын

Sathorn is a great area. They finally sold their condos with a 25% loss compared to their purchase price. Good luck.

@JettGunther 5 ай бұрын

Who did?

@robocop581 Жыл бұрын

Brokers don't want to tell you this but the best way to secure foreign tenants is to find a contact in HR of foreign firms that hire overseas executives on multi year contracts on a regular basis. The staff at HR help these executives get settled and the first thing they'll look for is a residence. I don't use brokers anymore, just deal directly with HR and I get to keep my full 12 months rent. I get a regular stream of executives every two or four years with no need to list my condos.

@michelec.9971 6 ай бұрын

Interesting. Do you contact Hr directly?

@robocop581 6 ай бұрын

@@michelec.9971 Yes

@millennialmoney185 27 күн бұрын

How to get in contact with them

@billyjohnson9166 Жыл бұрын

Smart lady. I still think buying a condo in Bangkok to make money is a bad idea. She’s a smart lady

@chinobonito30 12 күн бұрын

Depends on how long you stay right? If you are just buying to invest why ?

@eleanderolyphant9385 2 жыл бұрын

Good content. Much more helpful than the “rent this Bangkok condo for $300!” typical vids. Looking for more info on $1k - $2k condos and this vid helps provide some insight into the people who are in that market.

@alexandertraveler510 Жыл бұрын

1k is not enough for the condos she's mentioning.

@wardumb Жыл бұрын

SUBSCRIBED. This is a super underrated channel Jett and Khun Oh! You're inspiring me! keep doing the good work!

@keyjae 2 жыл бұрын

Jett, thanks for this! No one else does these interviews that give that deeper insight into the market.

@JettGunther 2 жыл бұрын

I’m very glad you think so. I’ll release more like this for sure!

@emerson-sheaapril8555 Жыл бұрын

Thank you Kun Jett for all your amazing work and thank you Kun Oh for sharing your knowledge.

@arsenal_84 Жыл бұрын

Very relatable content for properties in other countries as well. Some rational can be applied in overseas properties.

@markrosolini2934 Жыл бұрын

What a great and informative interview, Khun O, is a wealth knowledge 👏

@oceanearth2243 2 жыл бұрын

I’m an Asia pacific rim landlord, with units mostly in Hawaii. The #1 product in demand for buyers of condos, are 2 bed 2 bath with 2 parking. However, a severe housing shortage in the US has resulted in very high yields and low vacancy rates. I’ll be looking at BKK and Manila next. However it seems like BKK is extremely overbuilt. Older building 100 sqm is the only niche left, to earn yield.

@alexandertraveler510 Жыл бұрын

hawaii is not asia. not a single similarity

@denigma68rltw Жыл бұрын

@@alexandertraveler510He did put Pacific Rim in there as well, so geographically Hawaii is not part of Asia at all. Geographically Hawaii is part of the Pacific Rim including Alaska.

@sirjag2922 Жыл бұрын

Khun Oh is a gem. I enjoyed this interview and her insight.

@JettGunther Жыл бұрын

Sequel coming soon

@beattheswissable Жыл бұрын

I love this interview and all the useful intel in it, thanks! Are you planning on creating similar contents on rental property in provincial locations?

@theredschoolbus 11 ай бұрын

We need more of this kind of videos jett👍

@cjk1million491 2 жыл бұрын

great info thank you!

@presidentceo3000 Жыл бұрын

Great interview!

@Grappa171 Жыл бұрын

whoa, I want to work with this lady, there's smartness and knowledge there!

@jackaltun8632 2 жыл бұрын

Nice tips dude Thanks

@somluck2813 Жыл бұрын

I agree never buy a 'dog box' as they are future slums. Also only buy a condo where the vast majority of owners occupy their condos. They are interested in condo environment and not simply the cash flow of the investment. Also avoid condo with lots of bling, and 'bells and whistles' they are high maintenance. The bling costs money and will deteriorate very quickly. Avoid condos where rooms are advertised on AirBnB. Most people do not want to live a hotel, filled with tourists.

@ericm7358 2 жыл бұрын

thanks brother, simply magnificent

@robocop581 Жыл бұрын

I don't understand the weaker internet on higher floors. Maybe for mobile signals but for broadband fibre connection, there are cable switch boxes on every floor to which each unit is connected. The tenant can then access the internet via the Wifi from the broadband router for their phones and PC.

@ojbkk 3 ай бұрын

Fiber and GSM use repeater, so we every floor has good internet and good cell phone signal. Writting this to you from floor 35.

@singhabeers Жыл бұрын

Condos are so difficult to sell in BKK, I have two Thai friends which are struggling for more than 6 months to sell theirs but nothing… Take care!

@davidm4677 5 ай бұрын

Location is there more to add ?

@absolutrudy Жыл бұрын

Great video and excellent agent. Only issue is very hard to buy old buildings although bigger but just don’t have the lux amenities compared to the others so it’s really a trade off yes I’d like a bigger unit but no I wouldnt want old facilities so that’s the conundrum unless the older building has kept renovating over three years and updating their facilities but those r few and far

@georgequek7996 Жыл бұрын

Thanks for the great video guys and i bought a condo 43sqm, middle-rise near to bts thonglor is nice and convenient too!🙏

@vktravellog1242 Жыл бұрын

You said the magic words "cashflow"!

@VictoriouslyCrowned Жыл бұрын

Love your channel ❤ I am very drawn to Thailand now, and am learning through you! 😁 Thank you.

@JettGunther Жыл бұрын

Happy to hear that!

@SpeedandSplendor 6 ай бұрын

Fantastic interview... such great insite and well thought out questions. Nice work 👏

@mrswansue2397 6 ай бұрын

i like the way she talk. very calm and i understand ❤

@issey565 Жыл бұрын

very interesting perspective,

@scottmahoney644 2 жыл бұрын

Informative. Thanks Jett

@JettGunther 2 жыл бұрын

Glad you found it valuable

@jchassin3311 2 жыл бұрын

Really enjoy your content!

@JettGunther 2 жыл бұрын

Glad you think so 🙂

@phuketvice2388 Жыл бұрын

Shes got some amazing knowledge wow

@TheBobster1969 Жыл бұрын

Great info

@Woonmoonsan Жыл бұрын

Fascinating interview. Thanks!

@JettGunther Жыл бұрын

Thanks for listening

@slick-qm7li 9 ай бұрын

Very good advice. Thanks for the information

@petersmith727 2 жыл бұрын

Great and informative interview Jett! With respect to the "6% yield", that is the gross yield before agent fees, assuming rented every month. The actual yield of course could be low or negative if the condo is vacant for part of the year.

@JettGunther 2 жыл бұрын

Yes of course. Minus agent fees, common area fees, rental income tax, etc. The investment thesis of this video is that this particular segment of condo won’t be vacant that often.

@belewjd Жыл бұрын

Without any analysis, this sounds very true. I wonder what the average vacancy is and overall, what the net yield is per major area. I am very interested in buying a condo near the BTS as a short or long term rental property.

@InvestingWithAdamK Жыл бұрын

@@JettGunther 6% before expenses when you can get 4.5% in a treasury seems pretty silly.

@InvestingWithAdamK Жыл бұрын

@@shepherdanton That is true. However, as one who does the analysis for themselves as well, if I have real estate holdings that are making less than treasuries, there is no point in me leaving those funds there. Why wouldn't I take less risk for the same return. . . While I understand the response, that is what a wealthy investor will analyze. . . Yes there are the 1%ers that don't pay attention, but outside of that, one better be getting 10-12% ROI on real estate or they're not doing the proper due diligence currently

@rdreddy Жыл бұрын

she is good, she knows real estate business very well!

@Shamrah.A 2 жыл бұрын

Excellent post, Love it!!! Would be great to see more like this. Informative, covered angles which many won't even think about 👌🏼🙌🏼🙂

@JettGunther 2 жыл бұрын

What other angles would you like covered? 😎

@Shamrah.A 2 жыл бұрын

@@JettGunther I mean she pointed out angles that many don't think about. It's great)) Excellent interview Jett 🙂👌🏼

@JettGunther 2 жыл бұрын

Glad you enjoyed it. I always welcome suggestions for topics.

@emerson-sheaapril8555 Жыл бұрын

@@JettGunther one comment that comes up a lot is financing and how to do it on a global level. Financially, banking institutes rarely acknowledge each other in another country. Usually your home country gives you the only financing however, they will not acknowledge income made outside of the country nor would they ever provide financing for projects outside of the country. I believe someone else commented about being a wealthy retiary. For myself, I'm Canadian, I own part of business in Thailand and run a business in HK. This puts me in a financial limbo, when it comes to financing. I think financing in a foreign country or global finance institutes, or non-banking entities would be a great series.

@Kwankugimiya 2 жыл бұрын

I learn a lot from this video. Very informative and I love how smart the lady is!

@gbrown9694 Жыл бұрын

Super insightful.

@JettGunther Жыл бұрын

Glad it was helpful!

@jaygrabbe 6 ай бұрын

Awesome video Jett. Maybe I’ll rent a place first to see the areas.

@fountainmin 6 ай бұрын

thank you for this great informative meeitng

@RS-of1om Жыл бұрын

Good Video Jett? Lots of valuable info? You can tell Khun Oh is very experienced. 🙏

@JettGunther Жыл бұрын

Yes, thank you

@TheSponsorPodcast 3 ай бұрын

Thank you for this valuable information and showing the difference in a skilled agent who knows their market and target client. I coach the same in the US.

@nitipongsornkarn3369 6 күн бұрын

Love this content! Thanks K.Oh to share the exact situation to viewer.

@JettGunther 5 күн бұрын

I'm releasing a follow-up video very soon. Subscribe and stay tuned!

@Marek_Cali 2 жыл бұрын

Absolutely great interview. She is awesome

@Chris-xc1tm 4 ай бұрын

Wow, what a good video on RE in Bangkok

@Theophile-eliet 2 жыл бұрын

Thanks Jett for your informations. This lady is a really good real estate agent but probably not a good advisor for investor. I never hear that advice "sell as soon as you can" lol. Real estate agent make profit from transactions ofc. Talking about 6% yield might be hard to reach with 2 months fees as she says and common fees. It will be interesting to see more videos of you analyzing hipflat opportunities and calculate yield. Good content!

@joelchernandez6065 10 ай бұрын

Smart interview

@faranghomes Жыл бұрын

How did I miss this video? Very informative for farang looking to invest!

@JettGunther Жыл бұрын

Stay tuned for more!

@speedypanda454 4 ай бұрын

What a smart and elegant Lady!

@phoenixknight8837 10 ай бұрын

Much appreciated.

@blackcatcaptain2022 Жыл бұрын

I am not going to buy any but I am really into this lady's interview. what she delivered are real insights, wisdom and foresees of the future look of the bkk city planning about condo in general based on her professional experiences. please do more interview with her.

@JettGunther Жыл бұрын

Planning to record another with her end of Jan. Stay tuned!

@denigma68rltw Жыл бұрын

@@JettGuntherYou have really found you nieche 👍.

@ArrBee6 6 ай бұрын

Good One

@homieholiday8474 7 ай бұрын

Very informative! Can you akso have similar interviews with her in the future, kind of of checklist if wanna buy a condo. It will be great info for foreigner who wanna buy condo here, since too many condos in bkk now, so confusing

@samtaing5474 Жыл бұрын

I appreciate the honestly! Yes Asian people are extremely difficult to work with and it's not a bad thing it's culture. I'm Asian and I own a firm so I know.

@INTERNATIONALZOE Жыл бұрын

Great interview, she’s very intelligent.

@JettGunther Жыл бұрын

Agreed!

@johnny_bravo9990 Жыл бұрын

Fantastic video. She's golden. Full of information. I purchased a property from an old couple last year who was unwilling to put ads for 20% less than the market price 🙌 done a bit of flipping myself around 15 years ago as she said it's over now. You forgot to talk about the farang price and the price for the locals, I hear there's a difference

@JettGunther Жыл бұрын

Glad it was helpful!

@johnny_bravo9990 Жыл бұрын

@@JettGunther I need to find someone like her in Pattaya. Don't want to deal with farang agents

@JettGunther Жыл бұрын

Just put in your requirements here and we'll hook you up tally.so/r/w2EBx9

@dl5066 Жыл бұрын

Hi Jett, I came across you channel and this is amazing content. Would you kindly also share your insights on leasehold vs freehold - the 30 year leasehold for many condos in BKK has been a very foreign concept for non-thai buyers and something I struggle with. Would you recommend one other the other?

@JettGunther Жыл бұрын

I would of course recommend freehold. You own it into perpetuity and it’s better for value appreciation and resellability too.

@shocks123 Жыл бұрын

Khun Oh is awesome. Great advice and fascinating to hear how it works in Bangkok. Its not a market I would invest in. The letting market is too narrow and transient. The yields are pretty skinny and it would be easy to get poor returns. Costs impact skinny yields quickly and no mention of much uplift in capital values in the secondary market. I suspect most of the profit in this market is made by the developer. Great video though

@persistentone3448 11 ай бұрын

Where would you invest in rentals?

@tanweihong28 Жыл бұрын

Hi jett, is the link in the description link to Khun Ao or O agency or her directly?

@Kevin-xz4jq Жыл бұрын

The areas and stations were edited out. Was there a reason for that?

@claudiocioffi306 2 жыл бұрын

She is very nice! I love her! 😃

@JettGunther 2 жыл бұрын

She’s great!

@Polizos888 Жыл бұрын

Jett can you pls do a similar video for Si Racha as has 2nd largest Japanese expat community in Thailand? Also, what about a video around Thai listed REITs?

@JettGunther Жыл бұрын

You may as well buy global REITS

@rob-bkk 2 жыл бұрын

Another really excellent video Jett. Does your guest have her own social media platform or channel? The link provided leads to a form without details.

@JettGunther 2 жыл бұрын

Contact details in video description.

@AveCaRa 2 жыл бұрын

@@JettGunther only for those who have 10 millions?

@marquis51 Жыл бұрын

is it me or there is no contact for Khun Oh as stated in the video this should be in the description ?

@skim7221 7 ай бұрын

Hi Jett, Can I buy in Thailand using a foreign company (and not individual)?

@peterrangani Жыл бұрын

The agent is well spoken but personally I wouldn’t take her advice. The real game of property is rental cash flow, she herself says “ we have no idea whats going to happen “, which she is right, but she’s suggesting to buy properties and pray it goes up which is not a business and you are depending on pure dumb luck. Real property investors look for cash flow and financing.

@canlale5733 Жыл бұрын

There is a huge condo over supply in the region..and a big global financial recession is coming up..2022 is not a good time to invest in a condo imho..

@ojbkk 3 ай бұрын

@@canlale5733there is no over supply for 100 sqm and up Condos. For condos under 40sqm yes.

@dean8087 2 ай бұрын

Did the recession happen?

@fabianong5908 11 ай бұрын

How can I find a good agent to help me sell my properties in BKK?

@thebrightskies 11 ай бұрын

Great interview. But you said there'd be a link to her contact info in the description. I don't see her contact info, only yours.

@morris.bangkok 4 ай бұрын

good video for condo..i have a condo in onnut from 2016. i paid 2.6 mil. now i dont know how much. is a 28 sqm apartment

@tomv7986 5 ай бұрын

There is crazy oversupply in countries like Thailand, China and Japan

@AmiraCelonOracle Жыл бұрын

What does Sansiri mean when she is talking about different types of housing? Many thanks

@JettGunther Жыл бұрын

Sansiri, Land & Houses, Ananda: those are all just the names of some of main real estate developers here.

@martindryan Жыл бұрын

Great video. IF YOU ARE AN AMERICAN NEVER BUY A CONDO IN THAILAND UNLESS YOU WANT TO PROVIDE FOR A WIFE OR BIOLOGICAL CHILD OR CHILD THAT YOU RAISED. The same money in America is a far better investment with appreciation and quality of build and Rent increases. You will have to live about 25 years at least to break even compared to the rent you will pay and then with depreciation you simply won't make the kind of money you could with a similar investment in Americs not to mention the constant building of new properties that depreciates your asset.

@tanguythomas 2 жыл бұрын

Hi, great video, very helpful, could you help to get in touch with Khun Ho please?

@JettGunther 2 жыл бұрын

See video description

@gemmel3197 Жыл бұрын

I'm surprised people can just stop paying the common upkeep fee. In my building in Sydney you will be sued and charged 10% on outstanding debt. It's never happened but we would forced you to sell the property to pay the debt.

@somluck2813 Жыл бұрын

The comment was in reference to foreigners who skip the country. Thai banks generally won't lend money to foreigners for the same reason. It seems that foreigner investors have a reputation. Indeed, there are a number of cases of foreign property developers in Phuket and Pattaya skipping the country and leaving hundreds or in some cases a thousand or more condo buyers out of pocket by hundreds of thousands of dollars.

@user-uu5rh4xo3q 6 ай бұрын

How do i contact her?

@steveporsche8389 Жыл бұрын

Hello, What is the process for foreiner buying Condo or house in Thailand as second home or invest? Thank you.

@JettGunther Жыл бұрын

Check out this video kzfaq.info/get/bejne/hMloit2C3rvGp4E.html

@happyslave6783 Жыл бұрын

So a condo unit owner can forget about paying maintenance fees? For how long? Can building management get their lawyers to assume ownership and sell the unit at some point?

@JettGunther Жыл бұрын

Yes to all that, but it depends on how cutthroat each management is willing to be

@ucingtigatiga Жыл бұрын

It's surprising to know that there's only 30.000 of wealthy expat in Bangkok

@garykuok7217 Жыл бұрын

he is a sales man only. . rental income in general you only counted 10m per year, because remodeling, vaccumcy, fees, and market.

@southfar2 11 ай бұрын

Very interesting, but why would you only be interested in renting to foreigners? There is a large Thai middle class to rent to. Also lol@ people demanding a bathroom for each bedroom.

@BarnabyBarry 2 жыл бұрын

Can retired farangs get financing for a condo with a good pension?

@alexandertraveler510 Жыл бұрын

@ajmaj5288 Жыл бұрын

Talk about the Tax portion first and then all the sweet buttery words

@djhinrg Жыл бұрын

This is true. Lots of these foreigners, not all, they don't believe in cleaning and have terrible lifestyle ruining the unit, the building reputation and so forth. This is why there is not credit or background check there. That's too bad, I love Thailand

@JettGunther Жыл бұрын

No, it's because they literally aren't present long enough in the country to establish any sort of credit history, not to mention the ability to forever leave the country if they default. Expats who get steady jobs for a few years eventually have access to things like credit cards and some very select loan programs.

@user-jt3hg6uu8p 7 ай бұрын

Thank u shooting this video 😊😊. Hope in the future can see a video about estimating costs of owning a condo in Thailand😂😂

@sflxn 9 ай бұрын

I don’t quite understand the fetish of owning a property. The interest rate being paid on many state government bonds is quite high now. No tenants, no maintenance, no headaches. 6% on 250k can net you about 1200 a month. That’s a lot of money to go out and rent a nice place.

@MrElliottjc 6 ай бұрын

Look at the thousands of condos behind them - obviously a risky investment, especially as a foreigner with no trusted network (takes years to build) or understanding of the culture and business practices. The easiest way to make money is to sell to someone (particularly a foreigner) who does not know what they are buying and is swayed by plausible "advice".

@daphnetanMEIJUN Жыл бұрын

how do i contact her ? I will like to look at few property

@JettGunther Жыл бұрын

bit.ly/3WNZ5D9

@omnapathaigirl532 Жыл бұрын

How do I get in contact with Khun Oh?

@JettGunther Жыл бұрын

tally.so/r/w2EBx9

@TheBobster1969 Жыл бұрын

I got my condo through an agent unadvertised

@eyeda4891 2 жыл бұрын

❤❤❤❤❤❤❤

@swansongusa 9 ай бұрын

6% yield is a "hopeful" goal and not guaranteed. I make a LOT more trading on my phone every day.

@Nebula37 Жыл бұрын

People who are paying 40,000 baht to rent in Bangkok are a very small, and naive, subset. We live on a high floor in a 2000s-era 40-story building, and you could get a very nice unit here for 8 million to 10 million baht. Rents would be about half of what she's talking about.

@JettGunther Жыл бұрын

Where is your condo?

@Nebula37 Жыл бұрын

@@JettGunther Krung Thon Buri area, not far from Icon Siam.

@JettGunther Жыл бұрын

@@Nebula37 It makes sense that you're paying that. Can't compare with the neighborhoods highlighted in this video: Phrom Phong, Thonglor, Ekkamai.

@Nebula37 Жыл бұрын

@@JettGunther Okay, fair point, Jett.

@lily_m3538 Жыл бұрын

Legally, how can owners get away with not paying management/maintenance fees? That is ridiculous.

@JettGunther Жыл бұрын

I’d say at leading reputable condos this won’t happen.

@jimmydeechai3207 Жыл бұрын

Jett super great info and interview but I did not get her contact information would it be possible to forward to me

@JettGunther Жыл бұрын

See link in the video description

@kevinlim6344 Жыл бұрын

Hi Jet, great interview. Super informative. The link in video doesn’t have K. Oh contact information.

@JettGunther Жыл бұрын

@@kevinlim6344 It doesn't because she's totally bombarded with inquiries. If you're interested in a property in Thailand, feel free to click on the link, provide us with your requirements, and our team will be happy to help you find a place.

@ahmadalahmad7245 5 ай бұрын

Jai yen yen

@api9714 Жыл бұрын

is there appreciation occurring now?

@TakenPilot 10 ай бұрын

No, because the world. Maybe later.

@JettGunther 10 ай бұрын

@TakenPilot Knight Frank’s Prime Global Cities Index for Q2 2023 saw Bangkok as the 10th best performer of prime residential prices, with a 12 month change of 4.6%, a 6 month change of 1.2%, and 3 month change of 1.9%. Source: content.knightfrank.com/research/323/documents/en/prime-global-cities-index-q2-2023-10499.pdf

@TakenPilot 10 ай бұрын

@@JettGunther Simply holding cash in Vanguard gives more than 5%. That's the base. Anything less than that and you're losing money.