skinnygoat Posted July 5, 2009 Share Posted July 5, 2009 ok this is how it is, im married to a thai girl who is great we get on 100% and i trust her 100% . now my father wants to buy some property for us like a guesthouse so we have an income. he wants to make sure that in the future she will not leave me and run off with the cash. ive thought that maybe the best way to do this would be to buy it in her name and then get her to sell it as a lease to my father like a 30 year one. do you think this direction is the best or is there another way around it?? any help many thanks!! Link to comment Share on other sites More sharing options...
MSingh Posted July 5, 2009 Share Posted July 5, 2009 ok this is how it is, im married to a thai girl who is great we get on 100% and i trust her 100% . now my father wants to buy some property for us like a guesthouse so we have an income. he wants to make sure that in the future she will not leave me and run off with the cash.ive thought that maybe the best way to do this would be to buy it in her name and then get her to sell it as a lease to my father like a 30 year one. do you think this direction is the best or is there another way around it?? any help many thanks!! No, no, no, no, no, no... Link to comment Share on other sites More sharing options...
bojo Posted July 5, 2009 Share Posted July 5, 2009 ok this is how it is, im married to a thai girl who is great we get on 100% and i trust her 100% . now my father wants to buy some property for us like a guesthouse so we have an income. he wants to make sure that in the future she will not leave me and run off with the cash.ive thought that maybe the best way to do this would be to buy it in her name and then get her to sell it as a lease to my father like a 30 year one. do you think this direction is the best or is there another way around it?? any help many thanks!! It's a windup right!? Regards Bojo Link to comment Share on other sites More sharing options...
bravingbangkok Posted July 5, 2009 Share Posted July 5, 2009 (edited) Honestly mate, I would not put anything in anyone's name unless you have been with them for a very long time. It just is not good business sense, not even with your wife. Look into getting a lease, you can get 30 year ones which have an option of 2 x 30 years, that is 90 years. If you are thinking about investment for the future I would buy condos, Or you could invest in the stock market. If you just want to make a guest house but are not considering any of your children to follow into the business then lease the land. Edited July 5, 2009 by bravingbangkok Link to comment Share on other sites More sharing options...
bravingbangkok Posted July 5, 2009 Share Posted July 5, 2009 (edited) I would like to add that putting the name of your home and putting the name of where you make your money is two totally different things. If you really have to, lease the land and make a business in your name for a guest house/resort and then buy a small patch of land next to or near to build a home. That way if anything goes wrong you still have the money making part. If I were you I would not even do this but hey it's up to you buddy and I have no clue about who or how she is. Good luck ! Edited July 5, 2009 by bravingbangkok Link to comment Share on other sites More sharing options...
BigSnake Posted July 5, 2009 Share Posted July 5, 2009 Buying it in her name is about the only way you can do it anyway, 110 and ten percent trust now is nothing if a person get angry and greed in the future, you are pretty much at your own risk here my friend(?) Link to comment Share on other sites More sharing options...
CaptainNemo Posted September 6, 2009 Share Posted September 6, 2009 This is an area I've been looking into the ins and outs of. My ratiocinations upon this subject have led me to the following conclusions: - When you "buy land" in Thailand, you are effectively permanently deleting part of your savings. - If you (can) get a mortgage in Thailand, you are effectively chronically deleting part of your income. - If you get a legal lease on someone's land (not necessarily the land you buy her), then you might effectively be paying lower rent than "back home". - If you want to hand over your scrotum to be kept in a pickling jar on a shelf in your punraya's vampire vault by "investing in your future together", then you better make sure that you make her dependant on you for something she wants, e.g.: a pension for the parents; funding for her education; school fees for your children with her; private healthcare for the family, but in your name, etc... you have to, i'm afraid, be somewhat cynical, and lock her in so that you have leverage. Essentially, you can't win, unless you've got her locked in somehow. By throwing your cash into Thai land ownership you are exposing yourself to catastrophe; but you can mitigate against it strategically, by ensuring that "she" has a lot to lose if she wants to play silly buggers. (She won't need to run, btw, she can just call the local bobby and have you removed from *her* land... reflect on that!). Incidentally, I think this applies to dealings with all women of all nationalities and ethnicities... if you're going to get legally and financially tied up (which is what marriage is all about) in any country, you do yourself a massive favour by taking the lovey-dovey helmet off, and making sure you are "insured" against malice. However nice she is, I think it's sensible to remind oneself that no-one is perfect, and the future is always uncertain. Personally, my attitude is currently one of: "as long as I'm paying less (e.g. per month) than I would in rent/mortgage interest in my own country for my accommodation in Thailand, then I'll consider it". In direct response to the OP... would you do this in your own country? Have you already run a "guest house" before in Thailand? What kind of "income" do you expect to get? Does this investment form part of your pension plan out of interest? Will you send your half thai kids to the local thai school and deny them the education you had? health and dental insurance? ...if these questions have yet to cross your mind, then why not just sponsor some orphans or something, and rent a shack with her in the village so you can learn how to argue with her in Thai, once you explain to her that you can't persuade your daddy to gift her some land? Link to comment Share on other sites More sharing options...
lazygourmet Posted September 6, 2009 Share Posted September 6, 2009 he wants to make sure that in the future she will not leave me and run off with the cash. Your Dad must have a better (outsider) view than yourself... Link to comment Share on other sites More sharing options...
bumbui Posted September 6, 2009 Share Posted September 6, 2009 ok this is how it is, im married to a thai girl who is great we get on 100% and i trust her 100% . now my father wants to buy some property for us like a guesthouse so we have an income. he wants to make sure that in the future she will not leave me and run off with the cash.ive thought that maybe the best way to do this would be to buy it in her name and then get her to sell it as a lease to my father like a 30 year one. do you think this direction is the best or is there another way around it?? any help many thanks!! Most people leave their brain at the airport when they come to thaland, sorry but yoy too !! how you can say that you trust your thai girl 100% , never forget its all about money in thailand how long you know your wife , one month one year ?? time will tell what you have to do in thailand whait 5 years more , live in thailand , then you can make your decision about money invest in thailand Link to comment Share on other sites More sharing options...
BEENTHEREDONETHAT Posted September 6, 2009 Share Posted September 6, 2009 On a lease the 30+30+30 is very questionable. It's 30 years from the date the lease agreement is registered I believe. Could be wrong on this but check it out carefully. You may end up with three 30 years leases that essentially run concurrently. Link to comment Share on other sites More sharing options...
simon43 Posted September 6, 2009 Share Posted September 6, 2009 From my own experience in this matter and considering your own situation: - Lease the land for your guesthouse in your name only, (foreigners can rent land without any Thai party). - Register the lease at the local government land office, - you will be given the original Chanote land document for safe-keeping - There is no such thing as a 30+30 or 30+30+30 year lease. Utter rubbish. Thai law only allows for a maximum of 30 years on a lease or your lifetime on a usufruct. Any contract that talks about extending the lease for another 30 years is drivel - it will only happen IF the landlord wants it to happen, not if you do. - Register a Thai ltd company to manage the guesthouse. That Thai company could consist of all foreign shareholders because managing a hotel is one area in the Foreign Business Act which is open to foreigners. However, the definition of what constitutes a guesthouse and what constitutes a hotel are different, (number of rooms etc), and a hotel classification entails more taxes and paperwork. Better to register the Thai company with your GF as a 51% shareholder, another Thai as a 10% shareholder and you with 39% shareholding - AND with the company voting configured so that you control the business via preferential voting rights. If everything turns sour, remember that you have rented the land, not your GF. You can throw her off your rented land and seize whatever buildings are on that land, = your guesthouse. The above all sounds as if the business should be structured so that you do not lose out if your GF and you part ways. That is the case because it happens many times If you both get on fine, then all well and good. Simon Link to comment Share on other sites More sharing options...
longstebe Posted September 6, 2009 Share Posted September 6, 2009 The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married? Yes, things can happen later on in life but if you constantly worry about this you will never live your life. Life is all about taking risks. Why is your father worrying about it? Are you? I hope it works out for you. Link to comment Share on other sites More sharing options...
cdnvic Posted September 6, 2009 Share Posted September 6, 2009 The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married? Good question. Link to comment Share on other sites More sharing options...
Heng Posted September 6, 2009 Share Posted September 6, 2009 (edited) About half of our property holdings are in my wife's name. The other half are in mine. Balance. The issue with Thai-foreign relationships the balance is often with the Thai side holding the legal power and the foreign side only having the significantly weaker forces of ego and whining loudly about stuff on their side. It's not surprising that if the thin fragile cartilage like substance called love gives way, who loses out in the end. If love gives away in a Thai-Thai relationship, and let's be honest, many relationships do no matter where they are located, it often continues (often for the sake of the children) because the mother and father both wield significant power in the house. In the Thai-foreign household, if the foreigner loses his income earning ability or does something silly like impregnate the maid,... look out, they risk eviction to the rented doghouse. Edited September 6, 2009 by Heng Link to comment Share on other sites More sharing options...
Maigo6 Posted September 6, 2009 Share Posted September 6, 2009 The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married? They have read too many tales of woe on internet forums, they may not all be true stories, but they certainly worry a lot of paranoid Farangs. Link to comment Share on other sites More sharing options...
troy Posted September 6, 2009 Share Posted September 6, 2009 Land in her name, leased to you for 30yrs. Whatever you do, Don't forget your 29th anniversary! Link to comment Share on other sites More sharing options...
mooncake Posted September 6, 2009 Share Posted September 6, 2009 ok this is how it is, im married to a thai girl who is great we get on 100% and i trust her 100% Yea...they all say that at the beginning... Link to comment Share on other sites More sharing options...
Garry9999 Posted September 6, 2009 Share Posted September 6, 2009 The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married? Good question. Answer -It seemed like a good idea at the time? Link to comment Share on other sites More sharing options...
chiangmaibruce Posted September 6, 2009 Share Posted September 6, 2009 OP: There is a wealth of knowledge in prior threads in Thaivisa (refer property forum in particular) about the different methods of holding an interest in Thai land, and the respective advantages and disadvantages of each. You need to spend plenty of time now reading them to get to a point where you can make a plan and probably get some professional advice The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married?Yes, things can happen later on in life but if you constantly worry about this you will never live your life. The whole purpose in doing your homework and putting in place sensible legal precautions is so that you "don't have to worry about this" and can go ahead and "live your life" Life is all about taking risks. Why is your father worrying about it? Are you? Life (for thinking people) is about plotting a course and taking calculated risks. I can only assume that the romantic dreamers here have never had friends/family/etc who never set a foot wrong in their marriage only to then get well and truly gutted in a divorce settlement they never saw coming Link to comment Share on other sites More sharing options...
chiangmaibruce Posted September 6, 2009 Share Posted September 6, 2009 (edited) The way I see it is if everyone thinks their Thai wife is going to run off with their money,why get married? Good question. Personally I'd describe this tiresome quip a little differently ... cliché 1.a trite, stereotyped expression; a sentence or phrase, usually expressing a popular or common thought or idea, that has lost originality, ingenuity, and impact by long overuse, as sadder but wiser, or strong as an ox. 2.(in art, literature, drama, etc.) a trite or hackneyed plot, character development, use of color, musical expression, etc. 3.anything that has become trite or commonplace through overuse. Sure, boundless paranoia marks one end of the spectrum - but this grin and bend over approach marks the other. Many, many relationships end badly - Thai/farang included - and at least considering that possibility and having a contingency plan is just good old-fashion common sense. Edited September 6, 2009 by chiangmaibruce Link to comment Share on other sites More sharing options...
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