every week i come up with a new idea to either make money or have fun.and every week i get totally excited by my new idea,till i think of something betterthe prob with this, is that i have very little conception of what is a possible reality and what is just a silly idea thats out of reach.
im hoping someone can shed some insight to this idea.
to buy and average to shit free standing house with 2 car garage and very little property in auckland,im looking at forking out $350,000-$420,000 NZD (thats about $280,000 USD + ?) to me that sounds like a god damned rout!!!
so i looked at houses in brisbane- the same distance from the cbd, i can pretty much buy my dream home,with more land,more rooms etc, for the equivilent of $300,000 NZD. as my partner and i had planned on spending $350,000, i have come up with a brainwave.
and this is the bit im not too sure exists in reality or not....
i found a studio apartment in Pattaya a costal town in thailand just out of bangkok, for a measly,omg you wont believe this, $16,000!!!! i know i could rent it out to a local for $350-$400 NZD a month rent, i know its not alot of cash, but its for the love not the money!
the apartment is in sound condition,no structual damage etc...comes fully furnished- but i think id spend about $1000 renovating it anyways. ie paint and newer furniture.
i found out its legal for a foreginer to own an apartment in thailand, but not a house and land.so that bits cool. i was thinking its best to just buy something like that outright, so many finding an investor to go say halves in a "timeshare" of the property would be an idea. so someone else pays %50 of the property, we split the profits 50/50 and if we decide to use it as a holiday home- each get 6months of the year there.
i feel like my ideas are always far fetched....is this one too?
would it make sence to go for the thai property first ( as its cheaper and we have more chance of buying it outright) or save up for the aussie deposit and buy both at same time?
im lucky, my partner works at a bank too![]()


the prob with this, is that i have very little conception of what is a possible reality and what is just a silly idea thats out of reach.
Reply With Quote
we cannot get a home loan in new zealand for a property overseas without having a property here first.sucks cos i dont WANT to waste money buying here. the only way around that, is to reopen my bank accounts in australia - and take out a home loan there for property there.
Bookmarks