Over dinner, we were chatting with a thai colleague over here. He generously shared that with his savings, he bought 2 pieces of land and constructed 2 bulidings. One with 10 rooms and another with 20 rooms. Each room he is able to collect a rent of 2000bht a mth.
Investments were about a total of 12mil bht. And the land prices go up abt 2-3% a year. This example is taken off some land in Pattaya area.
Other expenses are neglible.
Isn't it not too bad as a retirement plan?
My Australia colleague calculated it to be about 12% return a year. I dont know how he derived that but, if thats true its not bad!
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