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Post by Deleted on Nov 16, 2016 16:10:34 GMT 7
As the title says.
How can it be done in Thailand?
Grow sugar for example. Ok how much land will need to be bought? Plus outlay for overheads etc. (Just 1 example that came to mind) .
Things like bars, restaurants, might earn you 60k a month, but those are a full time job.
How would you invest to earn 60k per month?
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Post by Deleted on Nov 16, 2016 16:12:20 GMT 7
To add, earn 60k and earn it without working 60 hours a week yourself.
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Post by Deleted on Nov 17, 2016 3:49:23 GMT 7
In Isaan? - build a small resort, maybe five chalets - you'll earn that easy
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Post by Soutpeel on Nov 24, 2016 5:07:34 GMT 7
60k month net return in Thailand ?
I would say boiler rooms, small scale drug dealing or loan sharking
Sugar, rubber etc, you would need some serious landage and effort
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Post by rgs2001uk on Nov 24, 2016 11:00:26 GMT 7
In Isaan? - build a small resort, maybe five chalets - you'll earn that easy Best make sure those resorts are legal. Watched on the news yesterday another bunch being knocked down, illegal. Know some place upcountry, going for 20 million baht to a farang mug and his teelak to live the dream Total outlay was 10 of those knockdown houses, and 4 rai of worthless paddy fields. |
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pathumseb
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Post by pathumseb on Nov 24, 2016 11:03:30 GMT 7
Start a TEFL agency- make sure you include plenty of elephants in the promo stuff. I think it would make more than 60k a month. Ship out a load of newbie TEFlers to the sticks and sit back and relax
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Post by Deleted on Nov 24, 2016 11:30:41 GMT 7
In Isaan? - build a small resort, maybe five chalets - you'll earn that easy Best make sure those resorts are legal. Watched on the news yesterday another bunch being knocked down, illegal. Know some place upcountry, going for 20 million baht to a farang mug and his teelak to live the dream Total outlay was 10 of those knockdown houses, and 4 rai of worthless paddy fields. Fair point. I'm not interested in the resort game, but I've heard some funny money being quoted for places out in the sticks. |
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AyG
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Post by AyG on Nov 24, 2016 13:06:16 GMT 7
Put 1.2 million into a fund with a reliable 5% or so yield such as TMBAM's Property Income Plus. No work required, and the money just rolls in.
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Post by rgs2001uk on Nov 24, 2016 14:24:30 GMT 7
Put 1.2 million into a fund with a reliable 5% or so yield such as TMBAM's Property Income Plus. No work required, and the money just rolls in. Think your sums are a bit off. 1.2 at 5% gives a return of 60k per year, not per month. To get 60k per month he would need to invest 14.4 million. Personally I would rather invest that in property back home and take the rental income. |
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AyG
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Post by AyG on Nov 24, 2016 14:43:30 GMT 7
Put 1.2 million into a fund with a reliable 5% or so yield such as TMBAM's Property Income Plus. No work required, and the money just rolls in. Think your sums are a bit off. 1.2 at 5% gives a return of 60k per year, not per month. To get 60k per month he would need to invest 14.4 million. Personally I would rather invest that in property back home and take the rental income. 14.4 million, 1.2 million, no big difference. But then I was never good at hard sums. The "invest in property back home" option raises two pretty enormous issues: (a) foreign exchange risk, (b) periods with no tenants. |
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me
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Post by me on Nov 24, 2016 14:49:56 GMT 7
Think your sums are a bit off. 1.2 at 5% gives a return of 60k per year, not per month. To get 60k per month he would need to invest 14.4 million. Personally I would rather invest that in property back home and take the rental income. 14.4 million, 1.2 million, no big difference. But then I was never good at hard sums. The "invest in property back home" option raises two pretty enormous issues: (a) foreign exchange risk, (b) periods with no tenants. no..more than that as he would have to allow tax on it. |
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AyG
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Post by AyG on Nov 24, 2016 15:01:05 GMT 7
14.4 million, 1.2 million, no big difference. But then I was never good at hard sums. The "invest in property back home" option raises two pretty enormous issues: (a) foreign exchange risk, (b) periods with no tenants. no..more than that as he would have to allow tax on it. Not necessarily. One can register to be paid gross with a TIN. One can also reclaim the tax after the end of the tax year if one's income is below the tax threshold. |
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number4
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Post by number4 on Nov 24, 2016 15:59:23 GMT 7
<abbr>woops tried to quote the tefl post</abbr> for the first 5seconds until all the problems start rolling in... |
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