268: Russians Driving Up Real Estate in Bali & Thailand
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 30 March 2023
⏱️ 50 minutes
🧾️ Download transcript
Summary
Johnny & Sam are in the same country for the first time in nearly 2 years! They both find themselves in Thailand, but things have changed drastically since the last time they were there. Since the Russian invasion of Ukraine happened in February 2022, Russians have been fleeing in droves. Top on their list of destinations has been Bali & Thailand. We invite a Bali Airbnb company to give us their expert opinion on what's going on their with the villa rentals. And then Johnny & Sam discuss what they're seeing in Thailand and how it's effecting the real estate market and overall culture.
Discussed:
Where we are:
- Johnny FD – Pattaya, Thailand / IG @johnnyfdj
- Sam Marks – Bangkok / IG @imsammarks
- Derek – Los Angeles / IG @DerekRadio
Sponsor:
- RAD Diversified
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Time Stamp:
- 04:33 - Interview Begins
- 09:48 - Who's Going to Bali?
- 20:48 - Johnny & Sam Circle Back
- 35:07 - Issues with Foreigners Buying Thai Real Estate
- 39:28 - Russians Influence on Thai Culture
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Transcript
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| 0:00.0 | What's up, bosses? Before we kick off this episode, I want to tell you about our sponsor this week, Radd Diversified. |
| 0:05.4 | Now, we've spoken to Rad, CEO Dutch Menon Hall, a few times on the show. He was just on a few weeks ago, episode 265, gave us some amazing insight into what they're doing with farmland. |
| 0:17.4 | Pretty awesome stuff. And they still do their traditional real estate as well, |
| 0:21.4 | like residential, multifamily, and provide substantial value add opportunities. The best part |
| 0:26.8 | about RAD is anyone can do it. You don't need to be accredited and you can jump in for as low as |
| 0:32.2 | $1,000. Now, normally you would have to get on a wait list when you go to their website, but because |
| 0:37.5 | you're an I-Lab listener, we're going to let you skip that list and join directly when you head to |
| 0:42.2 | this site, raddiversified.com slash invest like a boss. That's raddiversified.com slash invest like a boss. |
| 0:51.4 | Rad, R-A-D, D-I-V-E-R-S-I-E-D.com slash invests like a boss. I'm going to tell you even more about RAD during the break in the show, but for now, let's get this episode started. Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm Johnny F.D. We're self-made entrepreneurs who invest our own |
| 1:11.5 | money and use modern technology to invest like a boss. Join us each week for exclusive interviews with |
| 1:16.1 | our network of modern investors, business owners, and multimillionaires to discover new ways to invest |
| 1:20.6 | our hard-earned cash. Hey bosses and welcome to episode 268 of theed Like a Boss podcast. I am in the same country as Sam Marks for the first time in a long time. |
| 1:34.4 | It's not Spain. It's not the Ukraine. It's definitely not the USA. Where is it? We are both in Thailand, but on opposite sides of the island. |
| 1:42.6 | I don't even know if we can call it Thailand anymore. It's starting to feel a more like like a little russia i don't know what you're seeing there and jumped in johnny yeah well actually so here it's a ton of russians every menu is in russian every i mean just you see everywhere uh but i think there are there are slightly different russians here than in puquette or in Bali, which is why why I'm here because it's much cheaper. It's close to Bangkok, so I didn't have to take another flight. And my hotel, or not my apartment, is 10,000 bottom month, which is like 300 bucks. What? Oh, my gosh. I'm paying that like a night in Bangkok right now. Yeah. And, you know, I mean, the thing is, like, prices have gone up so much in this past year, |
| 2:21.7 | especially with all the Russian money coming in. |
| 2:23.8 | And my theory is half the Russians who come, you know, they had, you know, they have money, |
| 2:29.5 | they have savings or whatever it is. |
| 2:31.1 | And they realize that the Russian rubble is basically worthless. |
| 2:34.4 | So they might as well to spend it all and enjoy themselves versus that, you know, keeping |
| 2:38.5 | it in crypto, which is super volatile or keeping it in rubles, which is artificially propped |
| 2:44.8 | up. |
| 2:45.8 | So I think there's there's so much to cover on this. |
... |
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