Monthly Archives: December 2018

Tips for Finding Apartment Buildings to Invest In

You’ve got some money in the bank drawing pathetically little interest and you’ve decided to invest it instead. Right now, the stock market is kind of rocky. New home sales are down and the real estate market, as a whole, seems dismal. There is an exception. During this financial crisis, more people are opting to rent apartments than take the next step towards home ownership. If you want to cash in on this growing market, here are some tips for finding apartment buildings to invest in.

The easiest investment opportunity in the rental property market can be ground level, when the building is in the pre-construction phase. This is when the builders need investors to help defray construction costs and those investors while they have to wait a while to see a return, should enjoy a nice reward when the finished building is at full capacity.

Another way is to buy into an older apartment facility that is being renovated. Here again, the group doing the renovations needs cash for the repairs and overhaul and they will cut you in for a share of what the units will bring in once they are upgraded and renting for more money. Occasionally, even well maintained, high-occupancy apartment complexes need an extra influx of cash. Keeping your ear to the ground might help you be the one they turn to, if you can time your approach right.

Of course, you could buy an apartment building outright. This would, however, entail your running it or hiring someone else to do so. As an investment, it can be quite costly multifamily for sale and you’ll be spending a lot more than money to make it turn a profit. I’d steer clear of ownership and be content to let my money work for me. And these are my top three tips for finding apartment buildings to invest in so your money can start earning money!…

Owning Bangkok Property for Fun and Profit

Owninga Bangkok property for a foreign investor is definitely possible. It’s agrowing market with sharply rising prices most years. Foreign buyers can legitimatelypurchase condos but not houses, so buying a property in your name is best.

Making a profit from a real estate investment in Bangkok is doable, but you need to do your homework to buy sensibly first. This is not unlike any other market in the US, UK or Europe. Taking a bit of time with it pays off in the long run.

Buying a Condo in a Prime Location

The first thing that a good real estate agent Bangkok will tell you is to pay attention to what districts and areas are currently sought after. Often, there is a meaningful difference between the locations that foreign buyers are looking at and what well-heeled locals are looking to buy.

Choosing the right condo building in a good location matters in Bangkok. It makes it easier to get around during the daytime when traffic is heavily congested and the heat on the street makes it difficult to walk any distance. Getting a good catchment area where you have shopping centers, local eateries, and other useful facilities within easy distance are very important. This cannot be stressed enough.

What to Consider for Profitable Re-sale?

When thinking about resale value, forget about what you think and put yourself into the mind of the future buyer. Will you be wanting to sell to an expat or a local? That partly determines where you should be buying and what condo building you choose. What’s near to the property that will suit a local more than a foreigner? Is it in a convenient location for your ideal buyer?

For instance, ahigher floor is considered far more desirable than a lower one for Thai people. This doesn’t necessarily mean the penthouse, but higher floors are in demand and sell for better prices.

Consider the amenities too. A communal swimming pool, door security, an elevator,and other features are important. Which company will maintain the property? Do they manage other buildings and how are those owners being treated? Do the research to know what you’re getting into first.

Renting Out the Right Way

If you plan to turn the property into a rental one, check if there’s anything in the paperwork that would prevent this? If it’s a leasehold, what does the lease say about that?

Understand that in Thailand, they’re very against digital apps overtaking local markets. This means that transport services like Uber and Grab, and rental site Airbnb are in dispute because of local laws. For instance, Airbnb is now banned by court order. Short-term lettings through an app are generally not approved and could cause problems. Either rent directly to tenants or use a licensed real estate agent locally to do so. When doing things in the right way and making sure you cover all your bases, property investment in Bangkok can be highly profitable. Get good advice from local firms to avoid difficulties with different laws, customs,and cultural misunderstandings. …