The Thailand condo math, before you sign.
- Every fee and running cost, line by line.
- The 49% foreign-quota rules.
- Freehold vs leasehold, decided on one page.
- 20 pages. Five steps. Every formula written out.
Built for capital allocators, not lifestyle buyers.
Stan Brinkman
The buyer. The math. The deed.
33,030
Listings analysed
2.15M
THB all-in
340K
THB agent fee skipped
The protocol is what survived the math. Read it for $20.
The Deliverable
What’s in the $20 PDF.
The 5-step underwriting checklist.
The fee stack, gross → net. Every deduction on a real Bangkok unit.
The 49% foreign-quota math. The building register, the title check, the FET sequence.
The freehold vs leasehold decision tree. Matched to your hold horizon.
Building-by-building filters. Sinking fund, quota status, SPA clauses for your lawyer.
The Chiang Mai 2026 case study. The verified-deed close, math attached. Open it.
Three pages from the PDF
A sample of the math.
The running-cost math The brochure shows the rent. Every cost comes out after.
The PDF works each deduction out on one Bangkok unit and one Chiang Mai unit, side by side. See the verified case study →
Foreign freehold, the 49% math Check the foreign quota before the offer, and wire with the FET.
The rule. 49% of any condominium can hold foreign-name title. Quota sold out? The unit cannot go into your name, however good the price. Step 02 shows how to verify quota status first.
The document. Wire from abroad, in foreign currency, with the FET certificate for any amount above the threshold. Skip it and you risk failing the title-transfer step. The PDF walks the sequence.
Freehold vs leasehold Freehold is title with no expiry. Leasehold is a lease that runs down.
- Freehold
- +Direct legal title to the unit.
- +No expiry on the ownership right.
- +Resale market includes Thai + foreign buyers.
- −Quota can be exhausted in popular buildings.
- Leasehold
- +Available when freehold quota is full.
- −Expiry date depreciates the asset.
- −Resale market is narrower.
- −Renewal clauses vary contract-by-contract.
The Framework
The five-step protocol.
4,033 Chiang Mai listings in. About 30 survive the math. 1 closes.
STEP 01
Pull the data
Building medians, not single asks.
STEP 02
Purge the unbuyable
Leasehold, sold-out quotas, off-plan risk.
STEP 03
Apply the deduction matrix
Five deductions against verified rent comps.
STEP 04
Layer the macro overlay
Transit, aviation, zoning, five Thai cities.
STEP 05
Score the anomaly
Open at the median. Walk if it won’t move.
Field Footage
Walking out with the deed.
// The Independence Statement
I sell research. Not property.
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Read this before you click Not AI. Works in any Thai city. Card checkout, PDF to your email. Not legal advice.
Is this AI-generated? Who wrote it?
No. Every number came out of fieldwork on 4,033 Chiang Mai listings. The deed-walkout video is the actual close. I am an independent researcher, not a licensed advisor.
What if I’m not in Chiang Mai, or not in Thailand?
The framework is city-agnostic. Step 04 covers Bangkok, Phuket, Chiang Mai, Pattaya and Hua Hin. Thailand-only items (49% quota, FET certificate, Chanote title) are flagged. See the framework →
Why $20, and how do I get the file?
Founders pricing while the catalog is still being built. Click any “Get the Protocol” button, pay by card, and the PDF goes to your receipt email. No login, no list signup. First-time buyer? Zero prior knowledge assumed.
Is this legal advice? What about my own shortlist?
No. Nothing here is financial, investment, tax or legal advice. Engage a licensed local professional before any closing. For your own city and budget, the Custom Investment Report is $499. See a sample →
What buyers are saying
“Wasn’t expecting much for the price, but the yield breakdown is surprisingly dense. Worth it just for the data extraction framework alone. Straight to the point, no BS.”
“Exactly what I was looking to get started in buying a condo. I feel confident now that I’m not starting from scratch. Stan told me I could reach out to him if I ever got stuck — quite reassuring.”
“I used to spend a lot of time driving around Chiang Mai, scrolling real estate websites and visiting agents. This document convinced me to go further with Brinkman Data Analytics. It will save me a lot of time.”
The Thailand Underwriting Protocol
The full 20-page PDF. Five steps. Every formula written out.
- The 5-step underwriting framework + worked Bangkok example
- The 49% foreign-quota math + FET certificate sequence
- The full Chiang Mai case study with every deduction modeled