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MadMuhammad

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Posts posted by MadMuhammad

  1. On 1/17/2021 at 10:38 PM, Natai Beach said:


    There isn’t anywhere.

     

    Thailand is miles ahead of second place, wherever that may be.

     

    I probably would have stayed living in Australia, but probably moved from cold Melbourne to sunny Queensland but that would not have given me a life even half as good as Thailand does.


    nothing better than Melbourne in late spring/early summer. The rest of the time it’s a total <deleted> shoot temperature wise lol

  2. 9 minutes ago, transam said:

    I know a bloke who paid out a lot of money for a huge party to get married, we all watched the thing before we dived into a few pints.

    He thought he actually got married, I had to break the news that it was a posh village wedding with no paperwork.....????

    Well that’s a bit awkward mate! 

  3. On 12/26/2020 at 4:04 AM, sirineou said:

    I am still 7% from where I was before covid, I took a big 20% hit when covid hit, and clawed back 13% then in August I parked my portfolio in an interest only account to ride out what I thought would be a second wave. The second wave came but it does not seem to be affecting the stock market. I was thinking about going back in but now with the new covid strain I am afraid that if it makes the Vaccines ineffective, the market will tumble again.

    What you think? 

     

    PS: I hope like the guy above, you dont wake up after the party and have to reconsider you driving skills . LOL

    That may happen but in time they will come back. I copped a spanking in March/April but am back to near parity pre-covid. Diversification, solid companies with strong balance sheets and time are our friends. It's not sexy but it works

    • Like 1
  4. On 12/25/2020 at 9:58 AM, Surelynot said:

    You have to ask....why on Earth would you buy property in Thailand?......buy in your own country where you know the laws and the market....rent it out and use the income to rent in Thailand.....just saying.


    I bought my property to live in and reduce my living costs. I sold my fully paid for home in Australia because as a foreign resident for tax purposes it wouldn’t be worth the effort put it in the rental market, what with government income taxes, property management fees, repairs and maintenance (very high end fittings and accessories) and above all the CGT hit I would take if I had to or wanted to sell at a later date. 
    I’ve committed my life to living in Thailand so it made sense for me 

    • Like 1
  5. On 12/24/2020 at 7:10 AM, jayjay2001 said:

    I had the same problem of sewer gas smell.  I thought the smell was coming from the floor drain.  But it turned out, where the toilet base meets the floor under the toilet, it wasn't properly sealed in the initial construction.  The property maintenance guy discovered this by taking a photo with his phone behind the toilet base at floor level -- where there was a gap.  He pulled up the toilet, properly sealed it, and no more problem.  Not saying this is the problem you have, but it's a possibility.


    mate thanks for commenting. I’ve just tracked down the smell in my 3 bathrooms to being the toilet. Was hesitant to go pulling them out but this has just confirmed my suspensions. 
    Thanks again! 

  6. 8 hours ago, lujanit said:

    Don't test the wider population, can't report positives.

     

    No autopsies performed on the elderly who die, can't report positives.

     

    Report people who die from respiratory illness as having died from viral pneumonia.

     

    While it might seem as Thailand has done a good job of managing covid the figures which are reported are grossly understated (same as deaths on roads, only report people who are dead at the scene). This is a function of all authoritarian 'governments'.

    Any solid proof to back up those wild claims? 

    • Like 2
  7. 48 minutes ago, AlfHuy said:

    I don't know about AUS but sending a family member 150k, would this not get them into trouble?

    "for your family members" Where did the money come from, why did you get the money, did you inherit the money, potential tax implications, money laundering etc....


    After sending my two large sums for a property purchase I was contacted by TransferWise to provide proof of source of funds. I provided them with my Australian property sale contract and bank account with term deposits and regular trust fund deposits. They were fine with those. 
    My next transfer was held up 1 day ‘for checks’ and then released. Had no issue since  

  8. 1 hour ago, DrJack54 said:

    Do you know if those two transactions can be done on same day. Just did a transfer of 80k aud and would like to send another 70k. 

    BTW aside info. The 80k with Transferwise yes was at mid market rate but transfer fee was ~ $500 aud. Was still better than my OFX a/c.


    I did mine on seperate days so I can’t help you with that one sorry. I just wasn’t comfortable with 3mil baht swinging in the wind.
    In saying that I’ve transferred over $300Kaud in just under 3 years without any issue whatsoever 

  9. 12 hours ago, hugocnx said:

    The year 2030? How many people have read the Agenda 2030? Observing what's going on these days in the world one might as well assume there is no tourism at all in the year 2030. I surely wouldn't bet my money on it. 


    The agenda to lift all out of poverty, achieve sustainable development and bring the before of vaccines to all, ‘leave no one behind’. 
    Why would there be no tourism because of that? 

  10. 38 minutes ago, Caldera said:

    When I moved to Thailand, I gave a family member back home power of attorney, which was required for the sale of real estate there but has also proven useful with banks since.

     

    Maybe you could consider the same, then your family member could walk into your bank on your behalf and make the transfer to your Thai account in person. Not sure how this works in Australia though, in my case I went to my country's embassy in Bangkok to get the power of attorney document notarized.

     


    my mom has  power of attorney and signatory authorisation for my banks accounts. It was done in branch though so again, it’d be contact the bank for more information I’m guessing 

  11. On 12/13/2020 at 9:01 AM, DrJack54 said:

    First up thanks for the above replies.

    However can't see a solution other than my suggestion in my OP of sending personal cheque to family member in Oz and once cleared they can to transfer to my Thai bank in one hit using Transferwise or OFX.

    I have just checked my Westpac online banking and looked further into the banks rules. Even if I had an Oz sim and could obtain the OTP via SMS even then the maximum I could raise limit to is 10k aud per day. 

    That would mean 14 days of separate transfers using Transferwise or similar to move 140k to my Thai bank.

    I wonder how other folk have managed to buy real estate etc.


    I purchased a property in Thailand recently. I contacted my local branch then had the branch contact me directly via WhatApp (NAB). 
    I first instructed them to transfer cash from my term deposit to my savings account. Forms sent to me and returned via email. 
    I then had them temporarily max my transfer limit to facilitate two transfers via TransferWise. 
    I haven’t read the whole thread sorry and I see you said you have read the rules regarding max limits online but have you spoken directly to someone at the bank? You may find a solution 
     

    FYI the max limit for TransferWise is 2 million baht ($90Kaud give it take) so it will need to be done in two transactions 

    • Thanks 1
  12. On 1/26/2020 at 7:38 PM, GreasyFingers said:

    Good luck if you think you can get a builder to do everything you mention. Your farang price would be double the normal farang price. Currently doing an extension and it is impossible to get Thais to do what you ask/demand. Even though they can do good work their mentality is that of cowboys.

    No worry about the electrical though, the BIL is actually licensed and rewired the old house before we moved in.


    I got lucky with my build regarding the electrical installation. While not perfect it is much better than many I’ve seen. Not so much luck with the plumbing sadly 
     

    BB7E9E11-3138-4C58-B152-E9A818C7F105.jpeg

    • Like 2
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