Buy Condo If Has A Thai Bank Account Here..

[space9000]

QUESTION...IF ONE HAS A BANGKOK BANK ACOUNT..WITH 1MILLION BHT PLUS WITH THEM.

AS A HOLIDAY FALANG.COMING HERE 3 TIMES A YEAR..CAN ONE BUY A CONDO INSTEAD OFF DOING A (Tor Tor Sam)

THANK U

ANYONE RECOMMED A GOOD THAI LAWYER..IN PATTAYA

[pkrv]

QUESTION...IF ONE HAS A BANGKOK BANK ACOUNT..WITH 1MILLION BHT PLUS WITH THEM.

AS A HOLIDAY FALANG.COMING HERE 3 TIMES A YEAR..CAN ONE BUY A CONDO INSTEAD OFF DOING A (Tor Tor Sam)

THANK U

ANYONE RECOMMED A GOOD THAI LAWYER..IN PATTAYA

No - You must buy the condo with overseas funds.

[jimmybkk]

Unless you don't want it in your name. You can buy in Thai name (GF) or Thai Company with local currency, but you may have problems getting the money out again should you need to.

[pkrv]

Ohh, good grief.

1) Buy into a well run freehold condominium - there are good examples of how to determine this on this forum. (A condominium is almost like a hotel with all the facilities. You just actually own the room/flat/apartment/suite/penthouse.)

2) Make sure it is in YOUR name under the Farang (foreign ownership quota)

3) Do not even contemplate buying a house or land if you have not understood all that is said on this forum FULL STOP.

4) Do not buy a condominium off the plan if you have not understood all that is said on this forum FULL STOP.

If necessary/uncertain rent first.