Looking for advices for possibly buying a house

[TheFishman1]

Don't do it let her invest in America she can always get someone to manage it. With exchange rate bank fees not worth it.TIT

[kennypick]

i don't think you understand fully about 30/30 leasing as far as i know you lease the land for 30 years with the option of another 30 years then build a house on the land. i have never heard of leasing a house for 30 years as you state.

[wowfactor10]

Just wait till Thailand changes their poorly 30 year of lease into a more fair 99 years of lease.Most Asian countries offer it already.

[khunPer]

i don't think you understand fully about 30/30 leasing as far as i know you lease the land for 30 years with the option of another 30 years then build a house on the land. i have never heard of leasing a house for 30 years as you state.

Only 30-year is legal after Thai Law, if the agreement includes the option for another 30 years, the whole agreement and the first lease-period is legally void.

However, you can make a separate, non-registered, agreement – but what is that worth when you need it after the first 30 years and lessor won't honor it, and it has no legal value if taken to court..?

[chiang mai]

i don't think you understand fully about 30/30 leasing as far as i know you lease the land for 30 years with the option of another 30 years then build a house on the land. i have never heard of leasing a house for 30 years as you state.

There is no such thing in Thailand as what you describe, there is only a 30 year lease, anything above that is speculative including future options, is outside the law and cannot be guaranteed.

[JMWPACIFIC]

Buying any real estate in a THai's name (wife, GF, etc.) comes with extreme risks. Here's a case of someone doing everything right and taking a total screwing by wife, lenders, lawyers, etc. Don't invest anything unless you are prepared to lose 100%.

http://www.bbc.com/news/magazine-34346620

[WorkingTourist]

Buying any real estate in a THai's name (wife, GF, etc.) comes with extreme risks []

Buying anything in somebody elses name comes with risk, as by definition, it belongs to them and not you.

[MaeJoMTB]

i don't think you understand fully about 30/30 leasing as far as i know you lease the land for 30 years with the option of another 30 years then build a house on the land. i have never heard of leasing a house for 30 years as you state.

It has been ruled in a Thai court that the option for a second 30 year lease invalidates the contract for the first 30 year lease ...... so don't go there.

[trogers]

It's the retirement fund of the mother of the OP. It is money earned through sweat and blood. How much risk would you recommend she should take?

Edited February 11, 2016 by trogers

[Paul944]

Putting your money into a Bernard Madoff investment is saver as Thai real estate.

[SlyouThai]

thanks everybody for the messages and informations , i will look at this closely

[SlyouThai]

just to complete what i said in OP , the idea would be to buy a house to rent it because i have a lots of connections where i live , it would be quite easy for me to find a long term tenant . And if i dont then i could just live there and send my mother the rent money instead of the house im currently renting.

When i said investment , the idea wasnt to sell it after some time and make a profit , but more like giving her extra money for retirement until... well you know until when

Was thinking about it because i know the market prices for houses and i have a good opportunity , i know the rental prices and it would be around 6 pcent ROI for long term an possibly more with short term rental ( but a lot of work ). Now lets say 6/7 pcent ROI ,its a very good compared to what she could get in France. To send her the money wouldnt be a problem at all either. I will not go into details but its not.

Now my concern was the way to do that legally , since its not my money i cant take any risk here , and offcourse find a way to keep that in the family later on.

Thanks for your answers folks

Edited February 17, 2016 by SlyouThai

[wellofworlds]

The second most simple way is to obtain thai citizenship, then you can own land, and house.