RobMuir

53 minutes ago, Tagged said:

Jumnong is when you get to keep the paper of the land until she pays, kaifaak is when land paper is transfered to you, but she can buy back. Thats what my gf says. 

 

What kind of land title she have. 

 

 

Chanotes

Just now, zombie nights said:

"Can anyone here clearly explain the difference between the two and pros and cons of each.

And the procedures at the land office etc.

And anything else."

 

-There are some decent and astute Thai lawyers  who speak good English that can answer all your questions and can advise you properly.

 

 

 

I will be seeking legal advice, was hoping to get a heads up here.

Thankyou

15 minutes ago, Ian3005 said:

A Thai woman asking for a loan should set off alarm bells and warning sirens.

Look at the lifestyle of the person asking for the loan.

If you see brand label clothing and high end accessories like Louis Vuitton, Chanel, Ferragamo etc. run like the wind.

She is actually wealthy but you wouldn't pick it. Quite the opposite of what you describe. She is in her 50's. 

Built up her wealth steadily over many years, just screwed now because of covid. She will be cashing in big time if the bigger resort sells which is why I don't feel guilty about taking the high interest.

10 minutes ago, sanuk711 said:

With kaifaag RobMuir there is a lot of added expense, Tax for changing property into your GF name, then tax on changing it back if she does pay you. Its the safest and fastest option if you are not paid . But the tax alone would whipe out the loan you are quoting--you also have to be aware of the law of  "Usury" What rate are you lending at. ?

 

Because "Legally" you are not going to get more then 1.3% a month (16% a year for a secured loan---18.86%  for unsecured)

I have friends who formed a consortium to lend on construction sites at 13%--which is a good income if all is going well. (certainly better than my bank interest rate) But they do it properly with a law firm etc.

With removing someone from the property--you have to take a step back and put it into the hands of an agency.

 

jumnong for a farng involved is definitely not an option.

Thankyou for your intelligent, informed reply.

Yes I was aware of the extra expense for her which is why she wants jumnong over kaifaag. Her smaller resort is on a few different chanotes.

I could take one for say worth 10 million that includes the private road to her resort valued at say 10 million, which would reduce her taxes but still secure my loan.

I am pretty sure I won't be jumronging it. And will go for the fool proof kaifaag way.

Up to me.

38 minutes ago, Tagged said:

When she already have values for 80 million, why she need a private loan from you? 

 

Most likely she have already past her limits with the banks, family and other possibillities.

 

 

They have a buyer (but no deposit paid yet) for the bigger resort. That has loans against it.

Expected to settle in 3 months. But being Thailand it will probably take longer as everything does.

Banks want her to lend for a minimum of 3 years. She doesn't want it or need it. I am charging her the maximum legal interest rate plus a bonus. Win win.

The smaller resort already has 800;000 jumnong against it. She will use the 2 million to pay that off, a couple of other smaller personal debts and survive on the rest until the big sale comes through.

She also has other land she has jumnonged.

Obviously been hit hard by the tourist covid situation.

I will only lend it against a clean land title on the smaller resort at the land office. And I believe if I jumnong her I have to go to court to take her resort, whereas if I kaifaag it I simply just kick her out and can legally sell it straight away. That actually is my main question here.

15 minutes ago, alocmrlj said:

Something to look at. How would kaifaak or jumnong  work when farang can't legally own land in Thailand. 

Yes, good point.

Will be in my trusted Thai business partners name. We have a company together (he funded his share, not just a nominee). We might even put it through the company.

I was hoping to get some real life info from someone experienced with that also.

6 hours ago, ericthai said:

super spreader?? 1 person got infected!

Infected with what?

3 hours ago, hotchilli said:

And sticky fingers...

And robbed her blind.

8 hours ago, richard_smith237 said:

moral judgement against someone working in the ‘service establishments’ 

More of a medical judgement. Prostitues spread more infections than any other occupation.

8 hours ago, richard_smith237 said:

 

Of course, she could have as easily picked up SARS-CoV-2 from the local market or anywhere else. 

 

No. Easier, and a thousand times more likely to be picked up from tens of blokes slobbering saliva and other bodily fluids over her.

That's why these places are supposed to closed currently. Markets are open.

Looks like she is a super spreader. But it is cute that you are defending her.

11 minutes ago, from the home of CC said:

don't waste your time, it won't fit their racist agendas..

Funny when you think about it. They are trying to claim they are victims of racism.

Irony

2 minutes ago, Sundown said:

What if the Thai from red zone stopped in cafe Amazon in phangnga and infected 5 Thais from non red zone?

Yes totally possible, but how many other countries test interstate travellers?

A lot better than nothing and everyone gets temperature tested.

Credit where credit due.

4 hours ago, colinneil said:

Silly sods wasting money 90 million not in my lifetime.

Must have got a loony from T.A.T. to come up with them figures.

As predicted.

Looks like whoever wrote the English version of this came up with the "expected" figures. The link that this is copied from clearly says "can accommodate', not "expected". 

They do domestic and most people fly in and out so the numbers don't seem unreasonable. They built this because they were already running at near full capacity pre covid.

Nearly 40 million foreign tourists, X two in and out gives 80 already. Plus all the domestic. 

They recently expanded Don Muang also.

6 minutes ago, wasabi said:

Sounds like Foreigner is the wrong word if they are testing Thai people. Nonresident is better?

They are testing all Thais from red zones

2 hours ago, tgw said:

this is racist money-grabbing

I think if was a money grab it would be a lot more than a piddly little 500 baht. The tests cost 200 each. With thousands of Thais being tested free pretty sure they are running at a loss.

90 million passengers annually expected

Misleading headline, the link merely said that they can "accommodate 90 million passengers" not that they are "expected".

On honest mistake or is it designed to upset the TAT bashers?

It is a very good airport. 

Further update.

Foreigners are required to pay the small 500 service fee, but it is good for 3 days.

Update

My Thai friend got straight through without a test without me being in the car.

7 hours ago, daveAustin said:

No it wouldn’t because you’d also have the Indian and SA strains. 

No Indian strain detected yet in Thailand. 

Unfortunately we have the UK strain which is the most highly contagious.

It is a real killer.

Good morning

On Tuesday I posted the ease of which I got through the Phuket gateway just past the Sarasin bridge.

They have stepped up and now checking all foreigners and anybody from red zone provinces.

Apparently they had a meeting yesterday and this is the result. Annoying, but the right thing to do to stop the spread of the B1.1.7 strain. 

I was prepared to do the test but the Thai who was driving decided he would take me back and dump me at a coffee shop and try his luck getting through without me.

So I don't know if they were charging the 500, I assume so.

Stay safe everyone, be diligent, this UK strain is something else.