It is a common fact that the profile of a buy to let investor has changed drastically over the past few years. It is highly likely that you may see someone who has entirely no experience in the Pattaya propery market bidding at auction alongside experienced landlords for investment property or looking for a Pattaya villa for sale. There are now more inexperienced landlords than ever before delving into the property market, as apposed to stocks or other investments.
The Pattaya Institute of Chartered Surveyors recently concluded that 43% of new buy to let property is owned by inexperienced property investors.
Investing in property has made many people rich, and there are many stories about investors such as Ajay Ahuja for example earning millions from buying property at below market value.
If you are an inexperienced investor, be careful as to what it is you are investing in as one mistake could prove very costly.
There are hundreds of property investment companies in Pattaya, with huge portfolios that are eager to take your money, promise you the world, and then leave you with a property that is highly overvalued and has huge rental voids that you can’t afford.
Not only this there are also companies offering no money down deals, which can have huge repercussions in your finances.