paddypower

i have an investment property, on Phuket. I would never never never rent it to Ruskies.

Let me raise your bid: our group of 12 investors took great care to pay by instalments/phases of completion. no problem there. a Thai/Uk group held the land title, whilst individual leases were being registered, as apartments, on 30 year leases. 12 investors = 12 sets of Thai based International lawyers reviewed and approved the deal. developer sold the land a 2nd time, (to a well known Phuket businessman) using a common loop hole called 'sale or redemption'. we had 6 months to raise 16 million, to repay the business man for his 12 million loan to the developer. (the interest rate %, alone, is illegal) . 5 years and tears later and 3 million in legals, to get to the steps of the Supreme Court. result: it refused to hear the case on the grounds (in writing) that 'it was not in the best interests of the common good of Thailand'. maybe i should FB that story. 5 mill each, down the Phuket scam krap hole, plus the legals. water under the bridge, now . The nature of this post is intended to be of good intent, and in the best interests of the public good. ( my CYA expression for a farang criticising the judicial system).

i will revert to posting the next due dates for wife and I into my calendar. just to be safe.

thanks. i've followed your advice and Dr Jack's. I've been transferring in 65k + every month x 13 months and at the same time following the 800k rules. OA Visa Extension is due on Feb 12. I was so keen to get my hands on that 800k, during the past year. now when i look at the SET (where I invest for dividend income) i am really lucky that i was unable to invest that money last year. the SET is a very unhealthy place, at the best of times.

an afterthought: what happens if your wife dies before you do?

Good for you. Excuse me going off topic a bit - to support what i posted, the several instances which i have heard of were, unfortunately, the wife becoming addicted to gambling. in another very sad instance (i know, ethers always just one story like this - the wife had a very minor gambling habit, had a stroke, while her farang husband was travelling abroad for months on end . she needed to borrow 200k from local people (not mafia). they used the same legal/contractual paperwork that was used to cause me to lose my apartment in Phuket. It is called a ''sale or redemption''. she forgot about (or was too ill to remember) the 3 or 6 month repayment deadline. So she lost the house and land. meanwhile while she was ill, her best friend (our massage lady, which is how we were privy to this story) just ignored her situation. the classic ''up to you''. i do not want to overstate this - but in my case (and my fellow investors, in the project) and in this poor lady's case - there is no land title protection in Thailand . There are laws prohibiting excessive interest rates/protecting the rights of land owners. But, should you wife borrow on the land & hands over the Chanoet, you are screwed.

ever thought of changing your profile picture to ''Make America White Again' ?

not sure if you're a Zion armchair warrior, or just click baiting. I hope your kids grow up without your prejudices.please avoid being another piece of evidence that parents should have a licence to have kids.

I'm active in crypto. I suggest you fly with the Trump meme coin. bring your own parachute.

More Of Really Obnoxious Namecalling

shouldn't be difficult, in that part of Thailand. down here in NST, the Tassabaan would make sure the driver paid some serious dosh, i mean, like 30k -50k. the London news rags would have a field day with this.

I am eating my hat. visited IO yesterday, due to missing the 90 day filing deadline online. Met the same officer as last year - and chatted about my next visa extension. last year was just a 'bad hair day'. -this very friendly officer provided me with the most up to dale list of info requirements. since it is for a different province to Phuket I will post it here later.

IO in my location can be a bit picky about 2 bank info issues: (i) because my extension is based on pension income, they seem to be sensitive about the detailed statement for 12 months being right up to date. SCB in my village is very helpful with this. (ii) for those on the 400/800k deposit system, (which i am currently switching away from) the list should include bank-generated/certified copies of the deposit account, for 12 months, as well as the certified bank letter of deposit amount.

first thank you for the update. I must compare it with the list I just received from my provincial IO. I'm not a pessimist - but I never understand posters who put the house in their wife's name. you do know a farang can own a house? the restriction is just for ownership of land. ?

kop khun, mak mak. i made it to IO yesterday - no penalty, i owe you a pint. quite an experience, tho' it's been 11 months since i visited IO to do my retirement extension. all my 90 days reports have been online. they moved to a new location ( a beaut facility) out in the middle of nowhere, near the airport. no map no notice at the old IO offices. but - all's well that ends well, eh?