How to Start a Coworking Space in Thailand

Ever wondered what it takes to start a coworking space from scratch? In this episode, I sit down with Isaac Cook, the founder of Realspace, a coworking and community hub in Chiang Mai. Isaac shares his journey from investing in Airbnb properties in the UK to taking a leap and building a coworking space in Thailand. He talks about: - How he started his first business in university - His real estate journey and why he focused on short-term rentals - The challenges of setting up a business in a foreign country - How he built a thriving community-driven coworking space - His future plans for Realspace If you're curious about entrepreneurship, real estate, or building a community-based business, this one's for you! 📍 Check out Real Space in Chiang Mai Instagram: @realspacecm Website: https://realspacecm.com 00:00 Meet Isaac Cook & Real Space 01:03 How He Got Started 04:25 How the Airbnb Business is Managed Remotely 06:00 Why He Moved to Chiang Mai 08:30 Why He Decided to Open a Coworking Space 10:16 Finding & Renting the Right Building 14:43 How Much It Cost to Get Started 15:35 Getting People In Before Officially Opening 18:45 How Did He Market The Events 21:39 Making Real Space a Business 23:53 Setting Up the Business Legally in Thailand 28:12 How Long It Took & How Much It Cost to Register 30:52 How Real Space Makes Money 37:23 Future Plans 42:28 Where to Find Real Space & Final Thoughts ------------------------------ 🎉My Goodies! - Get my FREE Passive Income Toolkit: https://digitalnomadquest.com/how-to-get-started-with-passive-income/ - Join the REMOTE RENTAL RICHES Course for the step-by-step guide on out-of-state real estate investing: https://courses.digitalnomadquest.com/p/remote-rental-riches - Join The ETSY ENTREPRENEUR Course for an Extra $1,000/month in Passive Income: https://courses.digitalnomadquest.com/p/the-etsy-entrepreneur - Join The BLOG LAUNCH PROFIT Course for an Extra $1,000/month blogging: https://courses.digitalnomadquest.com/p/blog-launch-profit ------------------------------ 💻 Find me at @SharonTseung on Instagram/Twitter: - Website: https://digitalnomadquest.com & https://goodsweethomes.com - Instagram: https://instagram.com/sharontseung - Twitter: https://twitter.com/sharontseung - Facebook: https://www.facebook.com/digitalnomadquest/ - Podcast: https://podcasts.apple.com/us/podcast/the-digital-nomad-quest-podcast-with-sharon-tseung/id1465744099?ign-mpt=uo%3D4 ------------------------------ 🔨RESOURCES For Investing: - Public - Invest in Stocks (Get a FREE stock up to $50 through my link!): http://pblc.co/digitalnomadquest - Coinbase - Invest in Crypto (Get $10 worth of free Bitcoin through my link): https://www.coinbase.com/join/tseung_k?fbclid=IwAR3hH35xqSYUnzBBTzcJnNrEsL3Q7vsTcxj2FdqxLgdWPm7xtJ9tdQ07yUE - Webull - Get 2 FREE stocks signing up - https://a.webull.com/i/SharonTseung - Fundrise - Invest in Real Estate with just $10 - https://fundrise.sjv.io/Y9Nbbe - Empower (previously called Personal Capital) - Track your net worth for FREE: https://personalcapital.sjv.io/Eayo9P My ENTIRE List of Camera and Recording Equipment: https://www.amazon.com/shop/sharonestee?listId=3JQZS0J36ZCFI For Building Your Business: - Hostgator for your blog (code DNQ60 for 60% off)- https://digitalnomadquest.com/hostgator - Teachable for your courses - https://digitalnomadquest.com/teachable - ConvertKit for email marketing - https://digitalnomadquest.com/convertkit ------------------------------ Disclaimer: Some of these links above are affiliate links which means I may make a commission if you use the links at no extra cost to you. This will help support my channel! Sharon is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Sharon Tseung is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment / educational purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.