A story from a friend

[rumak]

5 hours ago, Shiver said:

This is an area I need to study, as I'm not up to date on the current status.  If he's going to 'own' then it would have to be something like a company and/or 30+30 year lease (please correct me if I'm out of date which is highly likely).

 

In my own situation I want to buy a house that will be in her name only and she owns it 100% no questions.  I also intend to get some other property which is outside of that and would like it to be a 'business' acquisition (outside of our relationship).  I think the latter is where your friend needs to study, as do I. 

you're making  me shiver already.  who is this "her" ?   how long have you been in a relationship.  what status do you have with her family?  the questions go on and on.  and then your answers !  I expect the usual "i trust her 100%",   or if i lose the house i still have the land.  

what you need to know ( and knowing is a lot more complicated than a lawyer or a friend of a friend telling you something.   or trying to look up on google thai land laws ).   

For starters, there are many long time thailand dwellers here on TV.  Ask (survey) how many have successfully acquired land by way of forming a company.  I guess that is what you mean by a business acquisition.  Or do you plan to put it in a "good friends" name that you "trust".  Shiver, shiver. Yes, you can get a long term lease on a property, but you will never own it...and if there are problems dealing with the locals or going to court would be something I do not wish for.

Only sure way i know to live in a house without paying rent is go buy one for your wife/gf/bf or whatever

and take your chances.  There are many success stories.  And even more (if my figuring is correct) downright failures.     Study up........

Edited August 19, 2018 by rumak

[Skeptic7]

I have a bridge...

[swissie]

If a Farang wants to sell another Farang Land. Do this:

Invite the "Seller-Farang" to a friendly session at the local Land-Office to discuss the matter. BEFOREHAND!
Chances are, the "Seller-Farang" will never show-up for such a friendly meeting at the Land-Office.
It's easy. But a minimum amount of common sense is required.
Cheers.

[Esso49]

On 8/18/2018 at 7:53 AM, beachproperty said:

Bottom line.....Falangs can't buy or own land (so don't know how he  could get a loan). He just got ripped off for the deposit.

They can if they also have Thai nationality !!

Edited August 19, 2018 by Esso49

[DJ54]

16 hours ago, Sydneydave said:

My wife is from a village in Isan. Some years back, when rubber prices were skyhigh, an expat offered to sell me a few rai of his rubber plantation. Of course, it would have been in my wifes name, as farangs cant own land. He had no title, just a scribbled note from the previous owner saying she'd sold it to him.

After asking around, my wife found out that the previous owner was telling everyone she still held a sizeable loan against the property, despite him having paid her 2 million baht cash.

Same guy also bought a block with no road access and was attempting (unsuccessfully) to get the owners in front to sell him a right of access strip of land.

Buyer beware in Thailand!

I’m in Isaan village also. Wife wanted to buy 3 rye of land ok price. Asked to see the land paperwork first. Looks all official and told it’s official. We b ought it..... a few weeks later wife’s sister said the person 

who sold to us borrowed from local village person against it. 

 

After few check etc. It’s not our problem it’s the person spoke us the 

and problem. I talked to the people who they owed and they agree its

on them to pay them back. No hold on the land. 

[Shiver]

15 hours ago, rumak said:

you're making  me shiver already.  who is this "her" ?   how long have you been in a relationship.  what status do you have with her family?  the questions go on and on.  and then your answers !  I expect the usual "i trust her 100%",   or if i lose the house i still have the land.  

what you need to know ( and knowing is a lot more complicated than a lawyer or a friend of a friend telling you something.   or trying to look up on google thai land laws ).   

For starters, there are many long time thailand dwellers here on TV.  Ask (survey) how many have successfully acquired land by way of forming a company.  I guess that is what you mean by a business acquisition.  Or do you plan to put it in a "good friends" name that you "trust".  Shiver, shiver. Yes, you can get a long term lease on a property, but you will never own it...and if there are problems dealing with the locals or going to court would be something I do not wish for.

Only sure way i know to live in a house without paying rent is go buy one for your wife/gf/bf or whatever

and take your chances.  There are many success stories.  And even more (if my figuring is correct) downright failures.     Study up........

Wife (not really wife, in speech only, no kids thankfully)  8 year relationship been here 12+ years in total.

We're splitting up apparently - that may change but I'm assuming that's the case - all since Friday night when I asked my farang friend back and she really took exception to that (complicated and will skip that for now).  Occurred to me that we're battle tested, but only one direction (me fighting for her, not her tolerating my failings at all as a counterparty).

I'm prepared still to buy her a house as a f-off present, and can do that without much pain - I might or might not, depends on the moment.  I'm not really feeling any pain right now which surprises me since I invested my heart into this relationship, but.... meh... I'm done (she is still amazing and gorgeous, but it looks like she's going to be that for someone else, not me, I just did the kindergarten thing and won't see the benefit, but that next guy could be a great buddy at arms length).

My own place I want  to be special though, which would be the '007 Island" and want that in a business name not a wife with estrogen name, although I'm not sure of the current rules on that, so I continue to just rent a very modest place for now.

I will never own the place and I am well aware of that.  Even for native Thais owning is a transient nature of things and we're born naked and hairless, and exit the same way.  We gather toys along the way, and I have assets that don't really matter at all, so not really a loss.

Hope that makes sense in where I'm coming from.... I'm not pretending to be smart. I'm a 49 year old baby. I just have some skills that can make a positive difference if given a chance, or negative if forced too.
 

[rumak]

Oh boy !......

[beachproperty]

Esso49.......I guess you don't understand legal ownership. Falang DOESN'T own the land the Thai nationality does.

Edited August 20, 2018 by beachproperty

[Shiver]

Did I not say that I know we don't own anything, and even Thais don't own anything really, since once we pop our clogs we can't take it with us, so the value is merely right of use for our tenure.

 

I'll buy her the house she dreams of, which to me is not interesting at all.  I'm not concerned she'll leave me, I'm more concerned whether she'll leave if I were to ask her to, so it's given freely and 100% in her name, I would be a guest if I chose to be there with her.  I used to be the supplicating one, now I know the world is my oyster - shoe on other foot kind of thing, I just have to not destroy myself with excess, and why I live such a simple life while accumulating resources.

If I'm going to invest seriously (more than just gifting a house) then I want a method that peoples feelings can't interfere with business logic.  Someone else will win it eventually when I'm gone, I just want 'use of' for now (eg. 30+30 years is way more than enough).

 

[ricklev]

16 minutes ago, Shiver said:

Did I not say that I know we don't own anything, and even Thais don't own anything really, since once we pop our clogs we can't take it with us, so the value is merely right of use for our tenure.

 

I'll buy her the house she dreams of, which to me is not interesting at all.  I'm not concerned she'll leave me, I'm more concerned whether she'll leave if I were to ask her to, so it's given freely and 100% in her name, I would be a guest if I chose to be there with her.  I used to be the supplicating one, now I know the world is my oyster - shoe on other foot kind of thing, I just have to not destroy myself with excess, and why I live such a simple life while accumulating resources.

If I'm going to invest seriously (more than just gifting a house) then I want a method that peoples feelings can't interfere with business logic.  Someone else will win it eventually when I'm gone, I just want 'use of' for now (eg. 30+30 years is way more than enough).

 

I'm sure that when the time came you would do the research, but just letting you know that there is no such thing as 30+30.

[rumak]

17 minutes ago, Shiver said:

Did I not say that I know we don't own anything, and even Thais don't own anything really, since once we pop our clogs we can't take it with us, so the value is merely right of use for our tenure.

 

I'll buy her the house she dreams of, which to me is not interesting at all.  I'm not concerned she'll leave me, I'm more concerned whether she'll leave if I were to ask her to, so it's given freely and 100% in her name, I would be a guest if I chose to be there with her.  I used to be the supplicating one, now I know the world is my oyster - shoe on other foot kind of thing, I just have to not destroy myself with excess, and why I live such a simple life while accumulating resources.

If I'm going to invest seriously (more than just gifting a house) then I want a method that peoples feelings can't interfere with business logic.  Someone else will win it eventually when I'm gone, I just want 'use of' for now (eg. 30+30 years is way more than enough).

 

i am usually not harsh .   what's the point?   but really there is nothing anybody can say to you that

will help  inho, as they say.    your posts sound like your living on THE  BEACH.   good luck, Leonardo

[lvr181]

12 hours ago, ricklev said:

I'm sure that when the time came you would do the research, but just letting you know that there is no such thing as 30+30.

"but just letting you know that there is no such thing as 30+30."

 

So long as you live? In perpetuity?

[Shiver]

On 8/20/2018 at 8:17 PM, rumak said:

i am usually not harsh .   what's the point?   but really there is nothing anybody can say to you that

will help  inho, as they say.    your posts sound like your living on THE  BEACH.   good luck, Leonardo

Lol, no, I live in a very humble rented town house.  That used to be out of necessity, but I like the convenience in relation to the city centre, and would like to keep it as long as the landlord is amenable. 

Wife wants the 'picket fence'.  I'd like somewhere I can invite friends and their wives over for BBQ or general socialising, as the bar scene no longer interests me.