TheWarrior

7 hours ago, billd766 said:

 

I don't know what kind of farming you intend to try but it has been said many times on TVF, if you want to make a small fortune in farming in Thailand, then start with a large one and be prepared to lose a large chunk of the large fortune.

 

I didnt SAID I want to DO farming. I SAID I want to LIVE on the land.

But the input is very good (If I take out some sarcastic remarks). Thats the reason I'm posting this. to get some inputs. And if it is not possible not possible. I dont expect the lawyer to make miricles. I wanted to get some facts here. When I go to the lawyer just to clarify.  Better to know the facts before I jump. I dont want to learn as I go and loose bunch if not all the invested money.

Cheers

3 hours ago, grollies said:

Do you have a Thai wife and dependants?

1. Nope. Dont plan to have one also.

2 hours ago, billd766 said:

I have never heard of that before and I suspect that it is possible, but you may have to talk to the land owner, the pu yai ban (village leader), and if they agree you will have to go to the amphur (area local administration), the people in there who deal with the land boundaries and land registration and lawyers.

 

It may be and possibly is that you personally as a farang will not be able to do it, though your Thai wife/gf may be able to do it without your name appearing anywhere.

 

Thailand for some reason, good or bad does not like foreigners owning land in Thailand. You can have a condo provided that there are more than 51% Thais in the building but you cannot own the land it is built on.

 

Your wife/gf can own land and a house theron and you can take out out a 30 year ownership of the house (I have forgotten the correct name for it). If you split up nobody can take away your right to live there but sadly you would have to negotiate the right to cross their land to get to the house.

 

In my case my wife had a plot of land and I gave her the money to but the plot next door. I also gave here the money to build the house and it is her name. I am 21 years older than her and most probably will die first. If she dies before me, legally I will own half the land and house and our son will own the other half. 

 

As a farang I have to dispose of my share which is easy as I will give my share to my son. If I stay and refuse to part with my share than Thai law forces me to sell it within one year or the government will sell it over my head.

 

TBH at 74 I really don't want to own it but to live here until I die.

 

Sorry about the long ramble but even if you provide the loan money it cannot be see to have come from you and you will most likely have no rights to either the land or your money back IMHO.

Ok thanks. This was very informative. Actually I want to live in Thailand, BUT I dont plan to have Thai Wife or Thai GF. I think my culture is very different then Thai culture when relationships are in question. But I think I would like Thai culture to live there. I guess I will talk to lawyer in Thailand to clarify the things, so I dont spend my brain waves on something that is not possible ????

Thanks Again

Cheers

1 minute ago, MrTrip said:

I see what you’re saying, we have loaned money to an uncle so that FIL can continue growing rice on the land. That loan is only for 3 years but works in a similar way to how you suggest. The main difference being the contract only names Thais, not sure if foreigners are allowed to do this? You would think that it’s possible as foreigners can rent houses.

I’m assuming that you realise you’ll never see the money again?


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Yes I'm aware of that rick. As Long as I stay long term on the land is ok. I guess the best way is to ask a lawyer. I was just wondering if people have some knowledge about it.

3 minutes ago, grollies said:

And what do you as a farang do after he has pocketed the cash 'loan', refuses to pay it back and when you go to the court to take title possession they tell you to get lost? You are farang, you cannot own chanote land deeds.

 

Your post is a fantasy mate.

I didnt say I want to own the land. I said I want to live on it long term. Like 30 years or so. Can the owner move me out of the land if he has loan taken from me? He can keep the money as long as I stay on it 30 years. No problem.

On 2/5/2019 at 8:51 AM, AlQaholic said:

you can rent the land me thinks, but you can not farm on it personally as a foreigner. Your Thai family members should be able to till the land.

Ok Lets say I rent the farm land. I employ 1 or multiple person to work on it. Lets say I give the person / owner of the land money as a loan for his title /land. Can I have peace of mind that he can not move me out unless he returns the loan on the land? Also if he has loan on the land he can not sell the land right? I just want to have peace of mind and leave on land for long time. But I want to give fair price for the land also.

On 2/4/2019 at 5:05 PM, billd766 said:

 

If things are kept quiet and on a low level then there is no problem in buying Sor Por Kor land providing of course the buyer is Thai, (wife, g/f etc). What does get a little tricky is when 2 or 3 hundred rai is involved and the owner tries to borrow against it. If they go to the amphur to register it, the land department may ask where the money came from and that can cause a problem. You as the farang will have no say in the disposal of that land.

If the Thai goes to the bank for a loan (farangs must not be seen or heard from) then depending on which bank and which manager a loan may be granted. However as Sor Por Kor land is basically no title then the value of the land is quite low so they bank may not offer a loan.

The alternative to a bank are the money lenders and if they think it is worth a loan you will probably get one but the loan rate will be high and the terms and  conditions will be much worse.

 

Ok I dont completely understand all this. But let me just put imaginary scenario. I find a person who has 20 rai of Land. Then I give him fair money for his land as a LOAN against the title. And Also I can rent the property as long as the loan is not payed off. If I understand correct, the land belongs to him. But he can not have the land back or sale the land unless he give me back the money of the loan? I'm I correct? That way I can live on the land as long as he can not pay the loan. Off course this has to be supported by legal registration of the loan, and sign agreement with lawyer. Again this is just scenario but is it doable?

Do you know his address? Also which part of Europe he is from Eastern or Western? How long you have not seen the kids?

On 1/29/2019 at 9:26 PM, drtreelove said:

Besides the legal restrictions pointed out, and the need to have a Thai wife or partner, consider how much time and money you would have to put into property that isn't yours and can be taken away after your lease period.  There is always the chance that when you improve the property and make it productive, that it will become more valuable to the owner to sell or take back for his own use. 

 

It  happened to us. We took over a 10 rai farm from the wife of an expat friend who had died.  We had a three year lease with assurance that she didn't intend to sell and that we could stay there indefinitely.  We knew it was a calculated risk but we loved the farm and went for it. We put a lot of labor and money into fencing,  revitalizing the lamyai and mango orchards, restoring a bore well and water tank tower, irrigation system, soil building and other improvements.  Then she sold the property out from under us. 

How come you dont put credit on the land. Example you make a contract that the owner borrow 50K usd and they put the land as a backup. Then they can not move you from the land can they?

Is it possible for Foreigner to rent small land like 5-12 rai. And a small scale farming on it in Thailand?