marc26

Thanks for all the advice and opinions, this is a good discussion..........

1 hour ago, kingofthemountain said:

I don't mean its happen all the time

i just write it because when you think to all the risks like the OP wants to do it

you have maybe to take also this one in the decision, and you are right if the wife

dies first, it could be a problem for doing what you want with ''your'' land, particularly 

if you don't have child to put the land in his name. Good luck to deal with the rest of

the family if you want to sell the land and having your money back and they don't want.

 

After 17/18 years(I should try and figure that out 555) I am not concerned with my wife screwing me over.

If she was looking to do so, then she played the real long game and is an idiot not to do it sooner 555

But as I said above, the 4mil or so that might go into this is money I would consider a settlement/inheritance/savings for whatever may come down the road, after so long together

3 hours ago, Paradise Pete said:

 

Even if it is, I'd ask myself if have the heart to boot them off if they couldn't pay. If so, would I be willing to still live there being the farang that did that?

I wouldn't have the heart and that's all part of the hassle I spoke about........

9 hours ago, khunPer said:

If it's good land you might get 1,000 baht to 1,500 baht a rai (1,600 ­m²) per year; in some areas/cases the fee is as low a 500 baht a rai.

 

Some times the rental fee is not money, but a share of the harvest, so you might need storage space for rice, or insist on cash.

 

You can as a general hand-rule count around 1 percent of the buying price as yearly rent for farmland, so looked as business then farmland for rent is not a good one. However, land prices normally increase, so over time you make money just keeping the land and later sell it, or just see the rent-percentage rise a bit, but often less than the land value. If you can find some really bargain priced land from someone in urgent need for cash, you might be able to get as much as up to 3-4 percent in annually return.

 

Normal rental deals are for 3 years – which is the legal maximum without registration as lease at the land office and paying tax – and renegotiated, or just renewed, for another 3 year after the first period ends. If used for sugar cane – or other crops with more than one year growing period – instead of rice, it need to be 3-year agreements. Normally the fee is paid annually after the harvest; the payment date can vary depending of selling time for the harvest. Often a rent agreement will stipulate than the renter pays land-tax, and the renter might also be eligible for any support based on farmed land-size.

 

If you – or rather your wife – have a 25 rai land size you can normally make between 12,000 baht and up to around 25,000 baht a year; if you make more you are very lucky...????

Holy hell, i thought 20 rai of land would make us a few 100k per year or more!! 555

So there is my question answered!

(I also said I didn't know <deleted> about any of this............)

11 hours ago, Tongjaw said:

When you say it supports 3 families, you mean it feeds them? No way would 12 rai cover living costs such as cars, holidays, medical etc no matter what you grow. My wife had 36 rai in Issan but sold it all a couple of years back. She rented it out to rice farmers but not for cash. For every 3 sacks of rice the farmer harvested my wife got 1 sack. Basically it would feed the family and some got sold. Initially we got 2-3 harvests a year, However, if no rain then no rice so she would get next to nothing.
Local farmers do get a certain amount of money from the Farm bank if they cannot produce from the land due to drought, not much but at least they get something. During harvest time you have to be present and count was they harvest or you will get cheated. Like you the family did grow sweet potato, corn, tapioca and other vegetables on land she let them use. They ate what they needed and the mother in law would sell the rest at the local market. 
I’m my opinion the OP would be best to keep his cash in the bank. 

I'm not looking to make an investment, or build any sort of business

We will be buying land and building a house, so if it was a decent amount of land, just trying to figure out to do something on it

13 hours ago, andygrr said:

From my experience most do not lease land by paying money up front. They usually come to a agreement to hand over a % of the crop in exchange for the use of the land. You can then sell or keep the rice. 

One idea I had is her closest relative is her Aunt, a really great person who really looks out for my wife, always has. So maybe if we end up with a decent poly of land, allow her to farm it however she prefers. Keeps the land in shape and her Aunt makes a living

16 hours ago, billsmart said:

My wife has 30 rai of rice land. We grow khao homili (jasmine rice). We used to harvest two crops a year, but now, because of government restrictions which you should check out, only have one crop a year. We spend about 60K baht a year on expenses, and our crop can sell for anywhere between 100K to 140K depending on our yield and current rice prices. So, our profit is 40K to 80K a year.

 

As far as I'm concerned, it's not really worth the effort or investment, but if your wife is like mine, they feel very secure knowing they have rice land. Also, the land keeps increasing in value, so it's a good investment. We bought our land about 10 years ago for a total of 600K, and it is now worth 2M or more.

If you have any specific questions, don't hesitate to contact me directly.

40-80k/yr wouldn't be worth it for me to deal with any potential drama from the lessees............

16 hours ago, peterb0576 said:

You most probably won't make any money but you might find doing a small holding is better. We just brought 2 rai at about 400k (200k per rai) it has underground water so we will dig a pond for fish, grow fruit trees and vegetables, also keep chickens and goats. The idea is we become a little bit self-sufficient. So what we don't eat we sell to pay electricity and water bill. We also breed German Shepherds and Doberman, ( yes we are registered with the Thailand Kennel Association) so security is no problem.

Wow, can you BM pics of the German Shepherds? I would love to hear more about your breeding. Do you deal with just Thai clients?

I had a German Shepherd for almost 18 years and yes, I brought him to live in Thailand from the US with me when I moved there. That was 2004 and not many big dogs, let alone German Shepherds were in Thailand.

So my gf(my wife now) would get some surprised looks when they'd see this Thai girl walking down the street with a German Shepherd!

The Shepherd actually ended up living in this village I have been talking about, for about a year, before he came to Canada with me........

20 hours ago, kingofthemountain said:

You are welcome

don't forget (But i am sure you know it already) you don't buy a land here in Thailand

you just give the money for it, in fact the land is in the name of your wife, so ''we buy''

or ''i buy'' a land is incorrect, the reality end in ''you pay a land for her''

then let's her to decide what she wants to do with her land, get involved as little as you can

in Thai mind, be involved in a project = you are asked to finance it.

If you have had a child together, you can put the land in your child name

if not, don't throw more money than you are ready to lose

even if everything is ok now with her, you can not be sure about the future

it's still better to be safe than sorry

good luck

I've been with my wife for 17 years, actually maybe 18 years.

No real big outlays so far, and she makes good money in Canada and has a business that makes decent money in Thailand. So she contributes.

My deal with land/house has always been that whatever she saves towards that. I will double it.

Simply because I think she should feel the pride of "ownership", not me just buying her a house and she has always been on board with that............

She would be happy with a 1mil house but I want something I enjoy living in and spending time in. I think 4mil would give me a suitable house and 6mil will give me something I really like and want to spend time there.

So my share would be 4mil, which if she told me to beat it the day after the house was finished, I'd consider it her divorce settlement and time served 5555

11 hours ago, kickstart said:

How do you work that one out ,as the OP said the land can provide 3 crops a year ,considering in Issan one crop is normal  and that will be a low yielding one at that .

Wife s son-in-law is a rice farmer near us he rents his 15 rie , 1200 baht/year how he makes money I do not know, land is worth about 200-250 000/rie .

So ,in Supan with 3 crops a year rental income would be a lot more 

The op said the land is in Supan his wife is from Singburi ,the next Provence to us ,we are in Lopburi ,around our area  no end of land  is rented and the owners live in Bangkok no agriculture connections,  I would say a very high percentage of landowners are very absentee landowners quite happy to let the land increase in value  ,while getting some rental income.

Not many blocks come up for sale ,if they do it is for a silly price they will not get .

I would say it would be a good investment , land is a long term investment,  if  that money was in the bank what  interest would it earn.

The OP could fill the land up with Teak or Eucalyptus trees  long term investment, get someone in  to manage the land and harvest the crop .     

The village is actually Doem Bang, about 20mins from Singburi.

It still doesn't sound like it would be worth the hassle leasing the land, collecting payment.

Fortunately we wouldn't need the income from it, so it isn't something we need the money from.

Now if we were able to buy a smaller plot of land, I wouldn't do anything on the land............but it's extremely hard to find land in the 5-6rai range

So if we end up buying a larger piece of land at the price I want, I wouldn't want it to go to waste.

We started to chat about growing fruit on it, possibly

Again, this is all just throwing ideas around.

Some good info by a lot of posters, I appreciate it..............

1 hour ago, blackcab said:

I'm going to move this to the Farming in Thailand Forum. There are some very knowledgeable members in this forum who will be able to help.

Actually thank you

I could have sworn there was a farming thread and missed it.

Thanks for any info provided 

1 hour ago, robblok said:

Just so you know most farmers make almost no money. 

 

 

I don't know how to fix a flat tire, I ain't about to be a farmer! 

I was talking about leasing the land for someone to farm on it............but would only do it if it was worth it. I wouldn't want the hassle if it only returns a small amount. But have no clue what income that would generate.

And my wife's family is mostly raised in BKK, so they aren't farmers either.............

1 hour ago, ratcatcher said:

Have you been living with your Thai wife in the city for 17 years?

Will you be paying for the land which she will own?

Could you adjust to country life and how far from the nearest large town is this land?

Would you want to build a house on the land or just lease it to other farmers for rent?

I live in rice country, but my wife is a mango farmer. I could never go back to the urban jungle, here or anywhere.

Good luck in your investment plan.

Dated for 5 years, been living in Canada(downtown Vancouver) for most of 12 years, she goes back to Thailand a fair bit also(I do too)

We would be splitting the costs of land(and house build)

I've been to her village more times than I can count, it's about 20mins to Singburi, a decent sized town which I enjoy

I'd never live in the village full time, likely half the year but I think at this stage in life(I'm 48, probably retired at 54) I will be quite content spending time there. But I like the city and beach so would head to BKK/beach often also(and also back to Canada and US)

It's not so much an investment plan.......I'd happily buy 6-8 rai and not do anything on it but build a house.

Unlike your wife, my wife didn't grow up entirely in the village, so she doesn't have any idea about this stuff........

But if only a big parcel came available at a price I want, I'd like to know if leasing it is worth the hassle

1st off, I have zero intention of being a rice farmer!  555

I've been with my wife for 17 years and we started to look at buying land in her village. Her village is quite known for having good land for rice, and I believe there is 3 harvests(SuphanBuri province)

The thing is, land in her village usually only becomes available in large parcels.

I am guy who has lived in the city/downtown his whole life..........

But if we bought a large parcel of land and leased it for farming, does anyone know what that makes? I don't want the hassle of dealing with leasing land if it doesn't make sense financially for me.

Thanks for any info.........

My stepson goes to Thammasat University

He's been back at school since late April I believe, quarantined at the University Hospital for 2 weeks, 2 weeks isolation in his room, then resumed in-person classes mid May to complete the last semester.

He's back there yesterday for English classes and resumes his 2nd year on time in August

11 hours ago, VillageIdiot said:

Probably because it's such a bloody hassle if you don't have a lot of money.

Ever since easy visa runs and back-to-back visas have become difficult it's not hard to see why people living under the radar have increased dramatically.

Those who were on the lower rungs of the ladder just barely getting by are now faced with the stark choice of going back to Farangland or becoming illegals.

Or............hold on, I have a crazy thought, give me a minute.....

A person has enough funds to live overseas and not be a deadbeat in another country. Most on the "lower rungs" chose to not work during their productive years, or work very little.  Then whine when countries don't want them to be deadbeats, barely contributing to the country..............

Transferwise set to go to your bank in Australia..............It's the best way that we've sent money abroad in the 14 years we've been doing it...........

On 6/7/2020 at 6:14 AM, Joe2050 said:

Well, you are looking for house, but I just spent 4 nights at the Wora Bura resort, it was fantastic, amazing pool, direct beach access, 5* at very affordable price at the moment. Perfect to relax a few days.

My wife and stepson want to got to Cha Am next weekend, were there a decent amount of restaurants open?

Thanks

On 1/29/2020 at 10:34 AM, tlock said:

I married a 26 year old never married and no kids and paid 200k baht.  The mother borrowed gold and money from friends so at the wedding they announced 400k baht and were able to show it.  

 

I think the general rule of thumb is sinsod only applies to women who haven't been married before.  A condo is taking the <deleted>.  

 

 

I didn't pay sin soht but I would be more willing to pay sin soht that the parents kept than show off money and gold that weren't ours. I detest any sort of "showing off". it would really bug me throughout the process.
Actually I don't like the idea of showing off even if I had given sin soht/gold.

Not having a go at you for doing it, whatever you felt was right for you...........Just for my own feelings on that.

I know that is custom, but it's not my custom.........so would need to be some comprimise

I knew my wife for 5 years, now been married 12 years this month.

I will never get this attitude of "let the Thais handle it", especially when it is concerning your young children

I actually think that's the problem in a lot of Thai/Farang marriages..........there is this sort of separation between farang and Thai

I treat my marriage and in-laws the same I do any relationship I have been in, while understanding there are cultural differences.

Sure there is issues that I let me wife handle(i'd do the same with a farang wife), but I find it absurd that people think a father should not get involved in a matter this serious.

My wife always says "My family fear you". I have an awesome relationship with all of them. I think what she means is they respect I am going to share my opinion and not just stand to the side and let things be handled by my wife.

There is no chance in hell I would not be involved in any matter concerning my kids............

1 hour ago, khaowong1 said:

Bands, caterers, food, waiters, booze, and of course, monks.  

Well of course, just didn't think it would add up to that much

But I guess 200 people adds up

My son will be 20yrs old in February. My wife has been talking about having a big Buat Ceremony/Party since he was 2yrs old! 

She isn't usually much of a spender but this is something she wants.

I saw in another thread that someone was quoted 300k baht, which is right around what my wife thinks it will cost.

She will pay for half

I don't like big expensive parties, but this is the one thing she has really wanted.

The thing is, if the cost is 300k, it's 300k.........

I just don't know where all that money is going?

Has anyone done one of these big Buat parties and have experience with the costs?

Any info is appreciated

Thanks

On 4/25/2019 at 11:38 PM, kingstonkid said:

 

 

If you are sincere then you have no way of stopping this action.  Barring moving back to wherever you came from and take your daughter. with you.

 

This is something that your wife is the only one that can resolve.  It is up to her and really her alone.  If you take any action then nothing will get done as you have found ut.  

 

If your wife lays down the law then the family will take it seriously.

 

As to teaching your daughter again not your job as much as you want to protect her this is the wife's.  

 

Talk to her come up with a resolution that you can accept and let her handle it.

 

 

What a preposterous statement...........

I am all for letting my wife handle small matters but have no qualms speaking my mind to my MIL and her brothers on big issues.

To suggest that a father sit back and "let the Thais" handle it is just absurd