kingstonkid Posted January 28, 2014 Share Posted January 28, 2014 (edited) Hi The GF and I are about to embark on the RE journey. The easiest way i see to to dot hat is to buy a foreclosed house form the bank. best price and then can be fixed up and sold or rented. Iknow all about the pitfalls of joint ownership here but as i lost over a million dollars in property to my ex in Canada it really does not worry me. What does concern me is evicting squatters. The deal seems to be you buy the property you buy the headache. Has anyone had any past experience with this. I am looking for people to give me a startig oint to thinking before i go and confirm a plan with my lawyer. Thank you Edited January 28, 2014 by metisdead Please do not post using all caps. Topic title edited to remove all caps. Link to comment Share on other sites More sharing options...
Popular Post kuka Posted January 28, 2014 Popular Post Share Posted January 28, 2014 Hire about 10 motor bike taxi drivers for 30 mins Sent from my SM-N900 using Thaivisa Connect Thailand mobile app 3 Link to comment Share on other sites More sharing options...
ghworker2010 Posted January 28, 2014 Share Posted January 28, 2014 OP lost a million dollars to an ex in Canada. Some folk have more money than sense. 1 Link to comment Share on other sites More sharing options...
jackr Posted January 28, 2014 Share Posted January 28, 2014 Don't buy a house with squatters in? 2 Link to comment Share on other sites More sharing options...
kingstonkid Posted January 28, 2014 Author Share Posted January 28, 2014 OP lost a million dollars to an ex in Canada. Some folk have more money than sense. Sorry should have been clearer. Million dollars worth of property. She got pissed and told me she knew what she ws doing and did not need any help. 1 Link to comment Share on other sites More sharing options...
Popular Post CharlieH Posted January 28, 2014 Popular Post Share Posted January 28, 2014 Advice ? Seek help, you've been burnt to the tune of $1 mil and your doing it AGAIN ! you need certifying. DONT DO IT ! Rent initially, if all is well after 5yrs then consider buying. 7 Link to comment Share on other sites More sharing options...
kuka Posted January 28, 2014 Share Posted January 28, 2014 How do you think a Thai owner would get rid of a squatter? Sent from my SM-N900 using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
JAS21 Posted January 28, 2014 Share Posted January 28, 2014 OP lost a million dollars to an ex in Canada. Some folk have more money than sense.No ... fairs fair ... I was married in the UK for about 30years and my wife had at least half a million dollars (in UK money of course) when we divorced and she also gets money monthly. She worked for many years brought up our children and inherited some money from her parents. It's not sense it's fairness. 2 Link to comment Share on other sites More sharing options...
Popular Post kurnell Posted January 28, 2014 Popular Post Share Posted January 28, 2014 Give the squatters whistles, 500 baht and tell them there's a protest down the soi 6 Link to comment Share on other sites More sharing options...
Popular Post kblaze Posted January 28, 2014 Popular Post Share Posted January 28, 2014 just make a rumor of two people seeing a ghost there. and of course that an 11 year old girl was killed there 20 years ago. then watch your property become free of vermin. 9 Link to comment Share on other sites More sharing options...
Popular Post maccaroni man Posted January 28, 2014 Popular Post Share Posted January 28, 2014 I have purchased several properties this way and along the way given a wide birth to occupied or hostile foreclosures IMO there are too many hassle free options to get bogged down with the head ache. 3 Link to comment Share on other sites More sharing options...
bender92 Posted January 29, 2014 Share Posted January 29, 2014 Be sure to put the house in the GF's name! 1 Link to comment Share on other sites More sharing options...
kingstonkid Posted January 29, 2014 Author Share Posted January 29, 2014 I have purchased several properties this way and along the way given a wide birth to occupied or hostile foreclosures IMO there are too many hassle free options to get bogged down with the head ache. Thanks for the advice. as to others I have no reason to worry about GF getting all of the houses. She is aware that she will get everything I have anyway when I leave this world so it is not a huge problem. Link to comment Share on other sites More sharing options...
F4UCorsair Posted January 29, 2014 Share Posted January 29, 2014 Rent!! Rent!!! Rent!!! Rent!!!! 1 Link to comment Share on other sites More sharing options...
AlexDorneles Posted January 29, 2014 Share Posted January 29, 2014 Take your gf there and talk to them, maybe act as if you bought the place already and you are the new owner. See what their reaction will be. Get a feeling of who you will be dealing with before you decide to buy the property. Some Thais feel ashamed and they would leave. Maybe for 10k baht they will leave. Or you can pay some cop to get them out or some mototaxi drivers like the guy above suggested. Link to comment Share on other sites More sharing options...
billSMITH Posted January 29, 2014 Share Posted January 29, 2014 (edited) I have purchased several properties this way and along the way given a wide birth to occupied or hostile foreclosures IMO there are too many hassle free options to get bogged down with the head ache. Thanks for the advice. as to others I have no reason to worry about GF getting all of the houses. She is aware that she will get everything I have anyway when I leave this world so it is not a huge problem. You giving a thai girl INCENTIVE to kill you. Troll or very low iq man? At the very least get that string around your finge be4 going into your journey down the thaiRATHOLE! Edited January 29, 2014 by billSMITH 1 Link to comment Share on other sites More sharing options...
recycler Posted January 29, 2014 Share Posted January 29, 2014 There are not so many squatters, certainly not if you buy a house in a gated village, as would be very advisable. If you need to evict squatters you have it done by Thai or even the police and you and your girlfriend stay completely out of sight and wait a few weeks for the site to cool down. Link to comment Share on other sites More sharing options...
ozyjon Posted January 29, 2014 Share Posted January 29, 2014 What's an RE journey ? Link to comment Share on other sites More sharing options...
ozyjon Posted January 29, 2014 Share Posted January 29, 2014 just make a rumor of two people seeing a ghost there. and of course that an 11 year old girl was killed there 20 years ago. then watch your property become free of vermin. Also, bury some bones somewhere and get a charmin to find them, vermin free forever guarantee. Link to comment Share on other sites More sharing options...
dotpoom Posted January 29, 2014 Share Posted January 29, 2014 OP lost a million dollars to an ex in Canada. Some folk have more money than sense. Sorry should have been clearer. Million dollars worth of property. She got pissed and told me she knew what she ws doing and did not need any help. It was quite clear in your OP that you meant $1M in property. Why are you starting off with such a negative attitude......I feel people usually bring about the situations that they focus on. Handle it as you would in any country...but at least wait until it happens. Be positive...the chances are far greater of it not happening that it happening. Link to comment Share on other sites More sharing options...
asdecas Posted January 29, 2014 Share Posted January 29, 2014 What's an RE journey ? Far as I can make out, they are going to have a Religious Experience together. Best of luck. Link to comment Share on other sites More sharing options...
billSMITH Posted January 29, 2014 Share Posted January 29, 2014 Lets examine. Boy brings capital to table, girl bring her hot body and ability to speak THAI. We have recipe for disaster. but its ok as boy has been through it before. I can see girl and her family orgasming over hitting the jackpot! Link to comment Share on other sites More sharing options...
asiaexpat Posted January 29, 2014 Share Posted January 29, 2014 Unless you have Thai citizenship you can not own land in Thailand. The land will be titled in GF's name or your company if you form/have one that can buy land. Foreclosures present many problems regardless what country you buy in, but Thailand present new and unexpected issues. Try networking a little and find a family that has a depressed property for sale such as a home where the owner is deceased and the family needs to sell. Link to comment Share on other sites More sharing options...
maderaroja Posted January 29, 2014 Share Posted January 29, 2014 What does one do when one rents and the previous owners have left their belongings? Does one have any right in Thailand to keep the belongings? What is legal? Link to comment Share on other sites More sharing options...
thailauren Posted January 29, 2014 Share Posted January 29, 2014 Ask the local BIB to get rid of them. Pf course there will be some tea money involved Sent from my GT-N7100 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
F4UCorsair Posted January 29, 2014 Share Posted January 29, 2014 What's an RE journey ? Far as I can make out, they are going to have a Religious Experience together. Best of luck. Real Estate?? Link to comment Share on other sites More sharing options...
F4UCorsair Posted January 29, 2014 Share Posted January 29, 2014 I have purchased several properties this way and along the way given a wide birth to occupied or hostile foreclosures IMO there are too many hassle free options to get bogged down with the head ache. Thanks for the advice. as to others I have no reason to worry about GF getting all of the houses. She is aware that she will get everything I have anyway when I leave this world so it is not a huge problem. Don't make it easy for her to expedite your departure!! Link to comment Share on other sites More sharing options...
kingstonkid Posted January 29, 2014 Author Share Posted January 29, 2014 It is and was interesting to read these comments. First i had the sensible ones. Then the TROLLS came out followed by all the people that think every Thai girl is going to screw every Farang and that all farang are as naive as they are. To those with sensible responses i thank you The rest my advise is if you do not kow what the topic is stay out. Link to comment Share on other sites More sharing options...
billSMITH Posted January 29, 2014 Share Posted January 29, 2014 We know more than you think FELLA. You dont go into business with a girl youve gotten naked with! Link to comment Share on other sites More sharing options...
swissie Posted January 29, 2014 Share Posted January 29, 2014 For god's sake: Join the squatters !!! As they do, you can live there for free. Many a Farang going on a RE-Trip before with GF, wish that they should have done just that ! Seriously: Rent for 2 years (this is how long it will take to start to comprehend the "inner-workings of Thailand".) By then you will know if it's time to pack your bags or stay here for the long run. The 2 year learning phase will supply you with a wealth of information. Mostly coming from the 17 Girlfriends, that you had in those 2 years. Cheers. Link to comment Share on other sites More sharing options...
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