cavanami Posted December 18, 2014 Report Share Posted December 18, 2014 Every condo should be required to have enough parking for the residents! My last condo, residents had 2, 3 and 4 cars...WTF!!! They finally issued key cards, one per condo, to open the gate to allow access to the parking. Of course, once one car was parked the same condo resident would park their other 2 ~ 4 cars completely fucking up parking!!! Do like Japan, you cannot buy a car unless you FIRST prove you have a parking place!!! 1 Link to comment Share on other sites More sharing options...
khunsanuk Posted December 18, 2014 Author Report Share Posted December 18, 2014 Hi, By law they have to only cover 40% of the number of units. So, 100 units = 40 parking spaces. I will not be living in the condo myself, so the parking doesn't bother me too much, but yes, it is fairly ridiculous. Sanuk! Link to comment Share on other sites More sharing options...
cavanami Posted December 18, 2014 Report Share Posted December 18, 2014 Just items to know about and consider. Any negatives make it harder to sell, like inadequate parking, etc. Link to comment Share on other sites More sharing options...
khunsanuk Posted December 18, 2014 Author Report Share Posted December 18, 2014 Hi, Good point. Sanuk! Link to comment Share on other sites More sharing options...
BelgianBoy Posted December 19, 2014 Report Share Posted December 19, 2014 p.s. Best advice I've had is to wait or the next crash. Then you'll be able to buy houses cheaply! come to Huahin, the russians are all selling....... Link to comment Share on other sites More sharing options...
cavanami Posted December 19, 2014 Report Share Posted December 19, 2014 Even more condos in Pattaya... Link to comment Share on other sites More sharing options...
torrenova Posted December 27, 2014 Report Share Posted December 27, 2014 Get on the management committee as you will be fighting tooth and nail for the first few years to try and get the sinking fund finances back under control. Likely is that long term, way over the odds contracts have been given to stooges of the developer for tv, satellite, security, all electrics etc. and cash will go missing. Of course, the unsold lots and those given away during construction in lieu of fees will never pay their subs so yours will rise accordingly. Only when in final control of the management company will you be able to sue to get the condos sold to meet missing fees (essentially cancelling their leasehold) and then they will pay up. Shit loads more to add if you want. I do quite some deals in Pattaya but not Bangkok so far. Link to comment Share on other sites More sharing options...
Pom Michael Posted June 27, 2015 Report Share Posted June 27, 2015 So - how did it end up? Worth it? Anyone heard of MBK Guarantee company? Link to comment Share on other sites More sharing options...
khunsanuk Posted June 28, 2015 Author Report Share Posted June 28, 2015 Hi, Tenants are moving in middle of next month; they signed a 2 year contract paying me slightly more than my mortgage payments. So, yes, so far it is working out okay. Sanuk! Link to comment Share on other sites More sharing options...
Flashermac Posted June 28, 2015 Report Share Posted June 28, 2015 One of the members of the VFW post bought three condos dirt cheap after the 1997 crash. He rents out the two smaller ones and lives in the big one. He told me the rent has more than covered what he paid for all three. Link to comment Share on other sites More sharing options...
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