⏰ Time Stamps ⏰ 0:00 Intro 0:23 Setting the scene - I bought some land in Thailand 3:29 Nong Bua Lam Phu Province, Thailand 7:33 This is the piece of land that we bought 9:17 3 ways foriegners can buy/aquire land in Thailand (An overview) 10:27 Setting up a Thai company 10:43 Buying land through a Thai company - The risks 12:15 Buying lang through a Thai person 12:44 Buying lang through a Thai person - The risks 13:45 30 year Leasehold Agreement 14:15 30 year Leasehold Agreement - The risks 15:05 Which option did I choose to buy the land? 16:05 How much did I pay for the land? 18:03 What we liked about this property, the boxes it ticked 19:41 Final words about buying land in Thailand 20:33 Thank you for watching
could you help me please. I am new about companies and ownership. How do you buy as a foreigner, do you buy outright or there is a way to borrow from the bank in Thailand or your home country? I live in UK, but I am not rich or anything. I am married to Thai woman for 10 years, we would like to move to Thailand in the future, but I am confused. Do you renew Thai married visa every year or you did something else to settle in Thailand? Could you please answer. Thank you!
Enjoyed the video and wish you all the best. Another option is to do a combination of 2 of your options. You could buy the land in your wifes name as you have done, then do a 30 yr legal lease of the land from your wife to you with the price you paid for the land being rent paid in advance for 30yrs. With this lease being more than 5 or 7 yrs you can attend your local land office and place an enforstract on the Chanote in your name as the legal tenant of the land. Further to this if you build on the land you have legal ownership of the building via yellow book etc.
@@freddyjingjo In that case, why didn’t you create a trust in your daughter’s name, with you as the director of the trust, and the. place the land in the trust?
As a foreigner you can own a house, yellow book is NOT ownership it is adress where you reside, house ownersip is not issied by Landoffice or Amphur or Tetsabaan, it is another office that I forgot the name of.
I have bought my daughter 2 plots of land in Petchabon province where our house is I love the village life and the neighbors are like family My daughter can run around and not worry about getting hit by a car or truck I trust my wife and my Thai family 100% or I never would of got married in the first place There is risk in everything you do but even if it doesn’t work out at least my daughter has something I don’t understand all these guys are so worried about their wife’s stealing everything….why would you marry someone like that? Great video and all the best to you We started in Phuket and I am so happy not to be there to be honest Family is everything good on you
Why would you marry someone like that? Because she was different when you married her. At that time, you both loved each other. Now you both hate each other, and you are screwed.
could you help me please. I am new about companies and ownership. How do you buy as a foreigner, do you buy outright or there is a way to borrow from the bank in Thailand or your home country? I live in UK, but I am not rich or anything. I am married to Thai woman for 10 years, we would like to move to Thailand in the future, but I am confused. Do you renew Thai married visa every year or you did something else to settle in Thailand? Could you please answer. Thank you!
Hi Freddy! Thanks for your overview of the how to buy land in Thailand issue. I live in Chiang Mai and married my Thai wife 2014. I bought land on the name of my wife in the village where she was living with her mother. My lawyer recommend me to sign an Usus Fructus - contract which would give me the right to live in my house till I die. Even if my wife wanted to sell the house, I have to live in it or rent it for my own benefit. After 9 years my wife declared that she will leave me. By the law the Thai wife gets 50% of the selling prize. If I want to stay in my house then I have to give her 50% of the value of the house which I don't have. Besides that the house would still be on her name, which is a strange situation, when you once designed and build a house for the common purposes. So I have to sell my house and decide whether I buy a condo, rent a house or go back to Europe. But for same cases it may be interesting to know about this Usus-Fructus-contract: Use of the fruits, which we know as well in Europe.
Hi Rainer, thank you for sharing your story and sorry to hear about your situation. Sounds like the usufruct was a good choice. In my case the land is a gift to my daughter. No plans to build there, we live 10 hours away in Pattaya. Nowadays vacant/unused land is being taxed at a premium in Thailand so we’ve asked the family to figure out something in terms of using the land to avoid the extra tax. Am posting a follow up to this video soon. Thanks again 🙏
@@freddyjingjo Unused plots in Pattaya usually have some kind of small farm, like 10-12 papaya trees. Previously, the plots simply stood empty, but in 3-4 years, small gardens, or farms, were planted on almost all of them. I think they do it just to avoid taxes.
Fructus is the best way as far as I know .. for me 🤔 it’s not a crazy amount of money and its a gift to my daughter. Ppl will always hate but its a gift i don’t need or want oversight over a gift 👀
Sorry, am confused. Did you end up with a usufruct agreement? I have one but tessabaan would not allow me to own the house regardless whether others have done or not!
@anthony7091 Usufruct is a good option if you as the foreigner plans to live on the property. This land is in my wifes name and will be transferred to our daughter when she becomes an adult (its a gift).
WOW ! ! ! ! That price makes me feel FANTASIC right now ! I bought two pieces of property just outside of Korat in a "village" of about 300 too. 18m × 54m each. 36m × 54m total. About 0.5 acres or 1.25 Rai. I got each for 200,000 Baht/$6,000 Usd..... total $12,000. They are adjacent to her property 18m × 54m. Combine??? 0.75 acres or 1.8 Rai.... I went with #2 also. The swimming pond, car port, patio with roof, a 2023 Isuzu V-Cross, braces for her daughter and both nieces, private school, and of course her mom..... are all way more expensive than a plot, or two. I'm 58. I've never had more fun SPENDING money in all my life. I hope your happiness continues. Thank you for the clip.... If you want swimming pond ideas. No chlorine ! ! !. Just let me know. It's CHEAP. Teaching a child to swim is IMPORTANT. All three (daughter and two cousins) are swimming like PLA (fish). Thanks again.
Good for you Freddy for buying and good for you for making a video, there will always be the critics who say don't do it. I have a usufruct agreement on both of our properties and enjoy life in Isaan. I admire thailand for protecting their country, Australia, Canada etc should have done the same a long time ago
Wow, I am a Thai person and always like to buy land and I was thinking your decision is awesome to buy for future of your family and the price absolutely will increase in double within 5-10 years as the land located on the village and close to 2 sides of concrete road especially one side is main road. 😃
A few misinformed people say the price you paid was high. I beg to differ because a block that size would cost one million in the back streets. But as your block of land has prime position on a main highway and you could open a shop or store the price goes up. Just my unqualified opinion.( Position, Position )
Cheers 🙏 It’s hard to critic or guesstimate how much a piece of land is worth from a video or even from real estate website without actually being on the ground 👍
Thank you for discussing this important topic. If it were me, I might have had my Thai attorney create a trust to benefit my daughter, which I would control until my daughter turns 18. The trust would hold title to the land. I would also execute a loan agreement with the trust, and lend the trust the money to buy the land. You can always forgive the loan and interest or any portion thereof. I would execute a 30 year lease of the land with the trust. Finally, I would obtain a usufruct for the house. Most kids aren’t mature enough to handle money at 18 anyway.
Just looking that the land you are showing has . 1. Blacktop hard top road access. 2 Poled power access. I hope you may also have water ? A well if needed is not that expensive! Walls establish land markers! Check that they are in the place as per the land office drawings! Thai's do tend to build walls over the demarked lines. Wall could end up being on the neighbors land! Good luck! * I think my kids had to be 18 to get ownership of the house ? I will check that out!
Yes, if you buy land in Thailand, don't buy anything less than a Nor Sor Saam deed. Make sure you can get electricity and water, some local planning or council rules may prevent you from obtaining those necessities.
You seem a nice , honest person. But you will always be a farang , good luck in the future. As they say , you can spend your money any way you want , but can only spend it once.
All three of your options hold no ground for you as a foreigner in any way or other in Thailand. It does not matter if you are the majority shareholder or not, which in your case it is not. The only time you own something in Thailand is when your money stays in your offshore banking account. You as a foreigner have zero rights. It does not matter if you have the best lawyer in the land. Renting on a signed agreement and a six-month up payment system is your best bet. No other deal will get you more satisfaction and better results than that. Have a good relationship with your land owner and you are in pound seats. All changes/improvements whatsoever you want to do, consult them and if permission is granted put it on paper and signed at a Police Station. Each person has a copy and everybody is happy. There might be a fee involved but much less than what you stand to lose in total.
I worked out a better way to own land as a farang.my wife's sister found 4 Rai, with full Chinote, just before the Ko Lanta ferry for 2m., I made a legal loan to her for half the land(1m.), I then made a legal lease agreement for 25years, that way I get the land and retain control of the 1m., if she tries to sell the land I can recall the loan and get my money back. We have built an Ayutthaya wooden house on the land and I have got the Tabien Baan(yellow book) in my name.
I'm a lady married to a Thai guy but I'm the one with the money. I was a bit disappointed when I saw all the draw backs, especially because his kids and ex-wife are super greedy and happy to take what they can for nothing. So, your way of doing it works for me. I'm going to ask the lawyer to do it this way.
To midigate risk with company ownership.... Start a (holding) company, buys land with a morgage stamped in the charnot where you privately is the lender. Start a second company (diffent directors) that leases the land from the first company and pays some rent yearly. You might want to do stuff while living in Thailand.... the second company can be set up to operate/run any type of business. And if you wish to buy some other property or "flipp" you already have your "holding" company for that.
Brilliant block of land and consideration for your daughters future… A corner block on the highway opens up a multitude of business opportunities from beverage stop to hamburger barn…trust me, I’m Greek Australian and I know. I’m looking at retiring in Isaan and renting my home in Australia in order to live like a king 👑 in my twilight years 😊😊
Mate wish you all the best with the land. There's one other way to tie up the land with a 30 year lease. It's called a Usufruct which is when at the time of setting up the 30 year lease the Usufruct and 30 year lease is noted on the back of the official land paper at the local land office. This then means that that piece of land cannot be borrowed against ( something that Thais do a lot and quite often loose to the local loan sharks ) or sold for the duration. You didn't buy land in Thailand you paid for it mate.
Thanks mate, I did my research and discovered about Usufructs after the fact.. sounds interesting but you are right.. at the end of the day we don’t buy we just pay :)
Anyway it doesn’t matter as he clearly says he bought for his daughter and has no intentions of living there! If l could turn back, l would do the same. Land on a main road here in Thailand attracts a premium price.
Your choice was very good and it is ultimately to your precious little princess and a flat/square lands are more expensive than others in any part of the world. Lovely video. Thanks.
Nice work mate. My mrs and I bought a 800sqm block in home town in 2018. It’s in her name. We’re both living in Australia. One day will build retirement home and do 6 months there/6 here. Basic principles when buying land, due diligence make sure no finance owing, Chanote at land office is witnessed, a clear sales contract written up from buyers solicitor for seller. In process now looking at 2 properties next to ours and acquiring them. Unfortunately have the negative comment people don’t have a clue.. except google.
It’s on the higher end definitely.. we cover more affordable alternatives in the video and then ultimately the reasons why we decided on what we got. Thanks for watching 🙏
Nice video. Well done also, congratulations on marriage and having a beautiful baby. Yes to being very informative. Always nice to see someone getting on with their life and enjoying themselves in the process. Good luck with the future and hope you all enjoy happiness and prosperity. 👍❤️😇
You may have bought the land, but you do not own it. By law, the deed cannot be in your name. It would be more accurate to say that you have a certain amount of control of the land, but it's not yours.
Hey guys very interesting video, watched it to the end, yes here in the Philippines the same rules basically apply so option two is the best as it's a commitment for your new family after all🤗😀♥️♥️
Thanks for sharing this story of selfish-less, love and giving! Everyone has its own reasons to back up their actions. Money may not be an issue…as long as the land glow on the buyer!
That was interesting about buying a land in Thailand, but my situation is definitely different I myself was born in Thailand and only being a Thai citizen for 20 years then became the US citizen for more than 50 years actually I was born in Bangkok both of my parents are dead and left us some land for all of us myself and my siblings, I myself Almost 75 years old would love to retire and die where I was born. I enjoyed your story about buying a land in Thailand absolutely very interesting to learn all about a foreigns cannot buy a land in Thailand.
Question? In order to fully cover yourself, could you not set up a company with 49% ownership of the company with your wife having 50% whilst maintaining voting control but then lease the land from the company on a 30 year renewable lease in your name. If I'm not mistaken that would mean the company can show a yearly profit in order to keep the powers that be happy but at the same time it would ensure if things go pear shaped with the wife that you are not the one forced to leave. Clearly you would then both make a will leaving your shares in the company to your daughter thus also ensuring that she received part ownership if one of you dies and maintaining the balance of Thai ownership in the company if your wife died before you. However most importantly given it's your money you always retain the right to live there should things go wrong but if she desired to get out of the arrangement completely she could theoretically sell her 50% based on the income the lease generates. In essence you could set your overall risk based on the value of the cost of the lease?? This model to me seems to create a relatively risk free but fair solution to the madness that Thai people are the only ones that can formally own property directly. A model of this nature unless I'm mistaken protects everyone.
Just finally to qualify things regarding the company side of stuff. So long as the accountants are making a few quid and the government is making a few quid in tax on the lease profit i can't see it would ever be closed down.
Sounds like a good structure, will consider it in future if we decide to acquire something else. For now its pretty straight forward, plain land and gift to daughter 🙏
The price is surprising to me for it being so rural. I paid about the same for my slightly smaller piece of land in rural Japan where the cost of living is much higher. It's at the edge of a city of 500,000 but countryside. We can buy huge plots of land (4 rai or more) in the real countryside but along roads for about 1/4 the price but in Japan convenience is the cost. Since you aren't planning to build the land will definitely increase in value at its location.
It's very silly to buy land as a foreigners in thailand don't ever get cheated and safer to buy condo with only good location cbd area-soi in BKK krap.🙏
Understand mate, you have to walk in knowing that what you put in “is not yours” .. if you understand that and are still ok .. go for it. For me it’s a gift for daughter 🙏
In Malaysia..a Foreigner can own land in his/her name depending on the title. Anybody can own a CL title land (Country Lease) but not an NT (Native Title). However CL lands are way more expensive than NT lands. Mainly bcos banks prefer to finance CL lands with higher margin. The reason is, incase of foreclosure, there's more market for CL.
I live in Nong Bua Lamphu also in a village called Hin Lap Nong Sawan. I think the village you are referring to is called Ban Phan Don the road 228 a very busy road heads towards Si Bun Rueang from Nong Bua Lamphu. I'm of the age were I like peace and quiet so have retired here now 6 years, away from tourist destinations. Liked your blog.
I can fully understand buying near family especially with a young daughter. Same situation as us with a 4 year old we have 4 rai and built a nice modern house on it for well under 2m baht total. A bit amazed at you paying 2m for land alone but hard to judge location etc from a RUclips video.
There's an arrogant foreigner here in Rayong that is known for boasting about what he has and what he has bought! I asked him, how can you call it 'Your land, your house'? He replied : 'Everything is in his wife's name. She was gambling and drinking and became 'unstable'. *( True) So, he says he went to a Thai lawyer and got all the land and properties signed over to him so she could not access any value! I replied then she is technically NOT the legal owner and you being a foreigner cannot own land! He replied: The Lawyer has all the paperwork and he is a good friend of his! There you go! Work that one out! When the 'wife's' family want money --the wife will have to obey! The arrogant foreigner will get a gun to his head! Thai company as in #1 must be 51% in Thai name(s). Max you may get is 49% --beware! You do not control the company and the signatories could be 'fixed'. #2 . You do not own the land. #3 Leasing for 30 years? I don't know of anyone who has done that has reached the 30 years as yet as this law hasn't been in place for 30 years at time of posting! Most want to 'sell out ' cheaply during the latter years of the lease! Serious loss of value! Beware the lease may NOT be re validated or re issued! Good luck with your venture and beware of who you deal with! I hope you can speak Thai!!
I would never buy any land/property in Thailand. Too many risks and I don’t trust anybody. I’d rather just rent until I die if I were to retire in Thailand.
Different for us citizens.. Pursuant to the provisions of the U.S.-Thai Treaty of Amity, American citizens or American corporations can own entities here in Thailand in a manner substantially different from other foreign nationals. So notably, Americans can own a company or companies essentially a hundred percent.
Correct ! I bought land and built a factory on 14 Rai --Working for an American company investing and setting up here in Thailand. Again, a good lawyer was essential!
That's a very good price for 1 Rai of land. I bought 0.5Rai for Thb2.5mil at Mueang Lamphun, 30km south of Chiangmai, which i think it's already at the higher end of normal price... But, still have to buy it as good piece of land with reasonable price it's hard to find now... regretted that I didn't make up my mind 8 years ago... And, I love the way you manage your new land, leveling it to par with the main road. Many lands there are always lower than the main road, this is what I dislike the most...
Thanks for the information, I would love to buy a 3 bedroom property with pool and a bit of garden but I’m already married to a Vietnamese, I don’t want to lease for a 30 year period and setting up a company I would have to submit my accounts, hire an accountant and form a proper business. I don’t want to do any of former . It’s a shame the laws are so stringent as the property in Thailand is at least 3 or 4 times cheaper than it is in Vietnam. Your daughter is as cute as a button, cheers .
You bought this land at the suburb areas. A land at the village will be much cheaper if one intended to buy. I bought a piece, an area of a tennis court in Laem Thong, Nakhon Phanom for my god son whom I help to care for him since he was born. I also sponsor in his university education in BK now & he will be graduating at the end of this year, 2022. I knew his dad 30yrs ago when he was working as a construction worker in Singapore. p.s. Best wishes to you & your family. You have a beautiful daughter. 👧
on the 51% owned by Thai If you get them to fill in a form saying the resine but put no date on it like I got a frend to do they can not ask for any exstra fees like they do. If any Thai has a det by gambling or any friends det they can go to the Juge and put a I.O.U. on the land or make her to sell .
I have always been curious and should look into my own situation. I was born in Thailand to both Thai parents. I am an American citizen and lived in America since I was two yrs old. I wonder if I can buy land even though I don’t have a Thai passport or a Thai ID. I don’t read or speak Thai either. I still carry my father’s name because I’ve never been married. I welcome anyone who wants to comment on my situation. I understand the best person to answer this is a Thai lawyer.
I hope you have tried the Thai embassy or consulates for your situation and documentation needs. I believe they can be of assistance. Also here’s a link to a story like you Thai but raised in US. And another story born in Thailand but raised in Canada and went back and got his Thai citizenship. His channel is called Keyframe 5. Don’t give up and Good luck, ruclips.net/video/vl-Q3fUIyoM/видео.html
You should talk to a Thai family member and see if your Thai name is in any Thai house registration book. If so, with the help of your Thai family you can claim your Thai ID card. Also if you talk to a Thai government worker, you must tell them you have not renounced your Thai citizenship.
You can get a Thai passport and hold dual citizenship because you were born in Thailand and have Thai parents. Then you can come and live in Thailand as you please. Consult your local consulate, they will help you.
some misconceptions here. None of the 3 options allow a foreigner to own land. Also the 30 plus 30 year lease is a not legal. The max lease period is 30 years.
@@freddyjingjo Depends if you understand the risks of using noninees, lawyers or thais to hold your minority interest in property. Even if you rent you'll probably come out ahead in the long run unless you're paying all cash as the cost of interest is higher than the rent and the price usually won't go up.
Sorry just a question. When you said the leasehold option, if the Thai owner of the land passes away…. You didn’t mean that the relatives can take the land back within the 30 year agreed lease ? Do you mean at the end of the lease ? Surely if you’re 10 years in and your landowner dies they can’t just break contract once they have inherited it. I get they can stop agree to not renew it after 30 but can you just clarify this
The contract is a contract, but yes once the lease is over they as owners can take back the land. These things are all theory based because 30 years is a long time.. not sure how many cases (good or bad) are documented :)
That's the last place in Thailand I'd set up home, but each to their own. That looks extremely expensive too, for such an undesirable area of Thailand. Looks about 200K tops.
yeah I was surprised at the price we have prime land here (we are developers) in Pran Buri 20km south of Hua Hin and we are selling it at 2m for now inland 1.5 km where chanote land "on the beach" is 45million TB! Being married helps the situation too Just give the land to your wife forget all this ownership crap, if you love and trust her that goes a long way in Thailand to having a comfortable life - secure future - but of course I married a Chiang Rai (Up North lady, culturally VERY different)!
My advice to you all is dont purchase any land or property in Thailand , especially in your wife name ,due to the fact that marridges don't work .after 20 years of living in Thailand I haven't seen any relationship last .For your half cast kids buy property in your own countries as an investment for them .Rent everthything in Thailand other than your scooter ,best investment you'll ever make.
We have a lot of land near the sea in up coming pran buri south of hua hin, dubbed Thailand's new Gold Coast we made sure that when we bought it it was full chanote title and not any other class such as nor sor san gor etc, only CHANOTE gives the owner (thai) FULL FREEHOLD TITLE. You made no mention of this. 2) We have friends who build the main roads here so we used their massive graders/levellers and crushed mountain rock sub base We DID NOT use the familiar thai crap method of using an agricultural tractor and spooning mud around until it "looks flat" - until the first rainstorm We also (in our case) ensured that in our developmental properties we built we used piles for stability. These are all tremendous considerations and we do give consultancy to anyone wishing to come to Pran Buri. I've seen lots of disasters social, technical and electrical in 13 years here You paid a lot for your land we are selling prime land 1.5km from the beaches for about 2 million. I agree with all of the advice in your clip. Use ACH blocks if you build as that will reduce your onward envirnmental / green profile (ie thermal considerations) and plant LOADS of trees...(with considerations about leaffall and roots Good luck. One final thing, thai electrical pracices are highly dangerous, use multiple earths (as in Australia) and use an UFER ground system (yes look it up on wiki) where the rebar is welded together at a few points as the free ions in the cement will make a fantastic low impedance ground for RCD/ELCB reference/safety. Or just leave it to the Thais to Scotch Tape all the joints hahahaha aaaaggghhh
To all the men watching this video. Very informative and accurate. But there is something very important to add: never let yourself being dragged into situations where the only purpose is to extract money out of you. If you don't want it, don't buy it. There is a serious chance that the land (or whatever) purchase is just a con, you are the clueless prick brought from afar (so you have no idea of the market or prices) and everybody will love you because they will all make a commission (the family and your wife). Even if you don't care and it was meant as a gift to your child, you opened the possibility for the poor soul to be extorted from the family in the future (especially if you are out of the picture). If it doesn't get gambled away. We come from another culture with a lot of positive prejudice. Having a child means the world to you, only you. The more you financially expose yourself, the more reality will come back to slap you in the face. Whatever happens, the child will only be used against you. I really don't want to ruin anybody's happiness. I lived in Thailand for 1 year and I plan to go back, because it's heaven on earth in so many aspects. But I witnessed and heard so many stories that make your blood chill. The recipe is rent, balance your budget and enjoy. Do not invest in anything. PS: If you really want to buy a propriety, there is a 4th legal way to secure it. Write a loan contract for the value of the propriety, so if it gets sold without your consent, the money will go directly to you.
fwiw.. Google said... "It is generally larger than a " hamlet " but smaller than a " town ". Some geographers specifically define a village as having between 500 and 2,500 inhabitants. In most parts of the world, villages are settlements of people clustered around a central point.". My guess is that the population size is what identifies a town/city/ etc, and not the strength of its utilities. Less than 300 population, everyone going to know everyones business. (for better or worse) ;)
For me don’t buy anything if you can not own it . Fact is that the land is so expensive due to the Chinese is taken over investment in Thailand . I am Thai American that why I know my fact . Congratulations 🎉, you did a good thing to invested for your child .
@14:30 If you have a lease, aren't you safe for at least the term of the lease (30 years in this case)? Even if the original owner dies and the new owner doesn't want you on their property, there is nothing they can do about it because you have a lease. Are you saying the new owner can cancel the lease?
Hi good vid, you make here a good vid because your sound is very clear, its a interesting thing y speak about, you speak in a good speed where everybody can here what y say. Maybe you can make a vid about how to find good people too build a house, is it better to find people from western world to build a house, i not know but i think you know some people in Thailand and maybe therefore you can make such a vid If not its ok, your vid will still be good. Stay safe Rak Thais RAk Thailand samer
It's not easy when you are a not a thai, you Will always get hustled. They do this to forener to Milk out every single peni they have when they get any opportunity. It's okej if they end up using the money 4 good purpose, but sadly moster of them spend it for party and back to squire one, which in this case he will be paying much more extra again when buildning the actual house. Good luck!
Hello, I liked this video that you made of your land. I love Thailand very much. Phuket is my main place for holiday. When I came to Phuket in 2000. I fell in love with that Island. I just got my divorce after 27 years of married life, that was hell. I looked all over Phuket to see if I could buy a property. I got a lot of negative and positive answers. I went to a real estate place, and he said to me that I could buy a property in Thailand with land and house. The first thing that came to my mind. This guy was an Indian, and I do not trust Indians. One day I was walking down the streets and I noticed a lawyers office. To my good luck he had just arrived at work. I introduced myself and asked him a few questions. He was very nice, and he said the only way I could buy a property in Thailand is. If I had a Thai girlfriend, and I had intentions of marrying her. Or the only other option was I could buy a Condo, and I could own it. I am from Perth, but I think of Thailand every day. What really upsets me is. The Govt. in Australia allows people from other countries to invest here in Australia, but we don't have the right to do it in Thailand. Another thing I was told about this lawyer. Even if I was married to a Thai girl. The property would be in her name, and if the marriage did not work. Automatically the property becomes hers.I lost a fortune. I rather stay single and be happy.
You can still enjoy life in Thailand without buying property. Sounds like you have learnt from life already, renting property is fine, less headaches and just enjoy life (single or not single).
Stay single rent whatever you want and you can play all you like with the girls . Mate there’s millions of guys who would like to be in your shoes. Me included 😂🤣
If you don’t have children to leave any asset behind for them, the best safest way could be just to lease it. It’s cheaper and safe for you this way. Many condo,house and even villa owners trying to lease all year round. Plentiful of them
Could you go for both options 1 and 3? Set up a Thai company with the wife, then the company leases the land to me for 60 years. The income from the lease would solve the problem of audits because the company would look like an active real estate company from the income. Furthermore even if the auditors wanted to force a sale they couldn't because a lease agreement is already in place
Wow. My lot here is double the average size, but my house is on 2 acres. I'm not sure what I would even build on 0.35 acres. Is that the average lot size in Thailand?
Good one mate, many congrats. Question: can you possibly put a business on it (such as a restaurant) to go with the potential future house; if you may choose to build one? cheers and best wishes
⏰ Time Stamps ⏰
0:00 Intro
0:23 Setting the scene - I bought some land in Thailand
3:29 Nong Bua Lam Phu Province, Thailand
7:33 This is the piece of land that we bought
9:17 3 ways foriegners can buy/aquire land in Thailand (An overview)
10:27 Setting up a Thai company
10:43 Buying land through a Thai company - The risks
12:15 Buying lang through a Thai person
12:44 Buying lang through a Thai person - The risks
13:45 30 year Leasehold Agreement
14:15 30 year Leasehold Agreement - The risks
15:05 Which option did I choose to buy the land?
16:05 How much did I pay for the land?
18:03 What we liked about this property, the boxes it ticked
19:41 Final words about buying land in Thailand
20:33 Thank you for watching
what happens if yu have more children?
could you help me please. I am new about companies and ownership. How do you buy as a foreigner, do you buy outright or there is a way to borrow from the bank in Thailand or your home country? I live in UK, but I am not rich or anything. I am married to Thai woman for 10 years, we would like to move to Thailand in the future, but I am confused. Do you renew Thai married visa every year or you did something else to settle in Thailand? Could you please answer. Thank you!
Enjoyed the video and wish you all the best. Another option is to do a combination of 2 of your options. You could buy the land in your wifes name as you have done, then do a 30 yr legal lease of the land from your wife to you with the price you paid for the land being rent paid in advance for 30yrs. With this lease being more than 5 or 7 yrs you can attend your local land office and place an enforstract on the Chanote in your name as the legal tenant of the land. Further to this if you build on the land you have legal ownership of the building via yellow book etc.
Thank you for your comment, sounds like there are many ways to structure.. in my case it’s just a gift to my daughter.. store of value for her 🙏
@@freddyjingjo In that case, why didn’t you create a trust in your daughter’s name, with you as the director of the trust, and the. place the land in the trust?
good choice^^
A yellow book is proof of address and confers no ownership or other rights whatsoever.
As a foreigner you can own a house, yellow book is NOT ownership it is adress where you reside, house ownersip is not issied by Landoffice or Amphur or Tetsabaan, it is another office that I forgot the name of.
I have bought my daughter 2 plots of land in Petchabon province where our house is
I love the village life and the neighbors are like family
My daughter can run around and not worry about getting hit by a car or truck
I trust my wife and my Thai family 100% or I never would of got married in the first place
There is risk in everything you do but even if it doesn’t work out at least my daughter has something
I don’t understand all these guys are so worried about their wife’s stealing everything….why would you marry someone like that?
Great video and all the best to you
We started in Phuket and I am so happy not to be there to be honest
Family is everything good on you
Thank you for sharing, wish you well 🙏
Why would you marry someone like that? Because she was different when you married her. At that time, you both loved each other. Now you both hate each other, and you are screwed.
could you help me please. I am new about companies and ownership. How do you buy as a foreigner, do you buy outright or there is a way to borrow from the bank in Thailand or your home country? I live in UK, but I am not rich or anything. I am married to Thai woman for 10 years, we would like to move to Thailand in the future, but I am confused. Do you renew Thai married visa every year or you did something else to settle in Thailand? Could you please answer. Thank you!
Hi Freddy! Thanks for your overview of the how to buy land in Thailand issue. I live in Chiang Mai and married my Thai wife 2014. I bought land on the name of my wife in the village where she was living with her mother. My lawyer recommend me to sign an Usus Fructus - contract which would give me the right to live in my house till I die. Even if my wife wanted to sell the house, I have to live in it or rent it for my own benefit.
After 9 years my wife declared that she will leave me. By the law the Thai wife gets 50% of the selling prize. If I want to stay in my house then I have to give her 50% of the value of the house which I don't have. Besides that the house would still be on her name, which is a strange situation, when you once designed and build a house for the common purposes. So I have to sell my house and decide whether I buy a condo, rent a house or go back to Europe. But for same cases it may be interesting to know about this Usus-Fructus-contract: Use of the fruits, which we know as well in Europe.
Hi Rainer, thank you for sharing your story and sorry to hear about your situation. Sounds like the usufruct was a good choice. In my case the land is a gift to my daughter. No plans to build there, we live 10 hours away in Pattaya. Nowadays vacant/unused land is being taxed at a premium in Thailand so we’ve asked the family to figure out something in terms of using the land to avoid the extra tax. Am posting a follow up to this video soon. Thanks again 🙏
@@freddyjingjo Unused plots in Pattaya usually have some kind of small farm, like 10-12 papaya trees. Previously, the plots simply stood empty, but in 3-4 years, small gardens, or farms, were planted on almost all of them. I think they do it just to avoid taxes.
Fructus is the best way as far as I know .. for me 🤔 it’s not a crazy amount of money and its a gift to my daughter. Ppl will always hate but its a gift i don’t need or want oversight over a gift 👀
Sorry, am confused.
Did you end up with a usufruct agreement?
I have one but tessabaan would not allow me to own the house regardless whether others have done or not!
@anthony7091 Usufruct is a good option if you as the foreigner plans to live on the property. This land is in my wifes name and will be transferred to our daughter when she becomes an adult (its a gift).
WOW ! ! ! ! That price makes me feel FANTASIC right now !
I bought two pieces of property just outside of Korat in a "village" of about 300 too.
18m × 54m each.
36m × 54m total.
About 0.5 acres or 1.25 Rai.
I got each for 200,000 Baht/$6,000 Usd..... total $12,000.
They are adjacent to her property 18m × 54m.
Combine???
0.75 acres or 1.8 Rai....
I went with #2 also.
The swimming pond, car port, patio with roof, a 2023 Isuzu V-Cross, braces for her daughter and both nieces, private school, and of course her mom..... are all way more expensive than a plot, or two.
I'm 58.
I've never had more fun SPENDING money in all my life.
I hope your happiness continues.
Thank you for the clip....
If you want swimming pond ideas. No chlorine ! ! !. Just let me know. It's CHEAP. Teaching a child to swim is IMPORTANT. All three (daughter and two cousins) are swimming like PLA (fish).
Thanks again.
Congratulations on your purchase and good luck 🙏
Good for you Freddy for buying and good for you for making a video, there will always be the critics who say don't do it. I have a usufruct agreement on both of our properties and enjoy life in Isaan. I admire thailand for protecting their country, Australia, Canada etc should have done the same a long time ago
Cheers mate 🙏
hahaha you mean the original native owners ??? - London is now Russian thanks to the stupidity of corrupt money-making governents
Wow, I am a Thai person and always like to buy land and I was thinking your decision is awesome to buy for future of your family and the price absolutely will increase in double within 5-10 years as the land located on the village and close to 2 sides of concrete road especially one side is main road. 😃
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As an Aussie looking to buy in Thailand atm, I appreciate you sharing your experience and all the other information in this video!
Cheers 👍 good luck
A few misinformed people say the price you paid was high. I beg to differ because a block that size would cost one million in the back streets. But as your block of land has prime position on a main highway and you could open a shop or store the price goes up. Just my unqualified opinion.( Position, Position )
Cheers 🙏 It’s hard to critic or guesstimate how much a piece of land is worth from a video or even from real estate website without actually being on the ground 👍
You made a great choice, the land price is very reasonable, you have conveniences of the major roads. Beautiful and wise decision. 👍
Cheers 🙏
Thank you for discussing this important topic.
If it were me, I might have had my Thai attorney create a trust to benefit my daughter, which I would control until my daughter turns 18.
The trust would hold title to the land.
I would also execute a loan agreement with the trust, and lend the trust the money to buy the land. You can always forgive the loan and interest or any portion thereof.
I would execute a 30 year lease of the land with the trust.
Finally, I would obtain a usufruct for the house.
Most kids aren’t mature enough to handle money at 18 anyway.
Nice one 👍 lawyer is the best place to start !
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This is solid advice.
Just looking that the land you are showing has . 1. Blacktop hard top road access. 2 Poled power access. I hope you may also have water ? A well if needed is not that expensive! Walls establish land markers! Check that they are in the place as per the land office drawings! Thai's do tend to build walls over the demarked lines. Wall could end up being on the neighbors land! Good luck! * I think my kids had to be 18 to get ownership of the house ? I will check that out!
Good advice, cheers 🙏
Yes, if you buy land in Thailand, don't buy anything less than a Nor Sor Saam deed. Make sure you can get electricity and water, some local planning or council rules may prevent you from obtaining those necessities.
@@hanscarlsson7276 good advice 🙏
Lovely to see a man of personal integrity… regardless of the outcome, this is for your daughter 🙏🙏
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You seem a nice , honest person. But you will always be a farang , good luck in the future. As they say , you can spend your money any way you want , but can only spend it once.
Wise words and very true 🙏
All three of your options hold no ground for you as a foreigner in any way or other in Thailand. It does not matter if you are the majority shareholder or not, which in your case it is not. The only time you own something in Thailand is when your money stays in your offshore banking account. You as a foreigner have zero rights. It does not matter if you have the best lawyer in the land. Renting on a signed agreement and a six-month up payment system is your best bet. No other deal will get you more satisfaction and better results than that. Have a good relationship with your land owner and you are in pound seats. All changes/improvements whatsoever you want to do, consult them and if permission is granted put it on paper and signed at a Police Station. Each person has a copy and everybody is happy. There might be a fee involved but much less than what you stand to lose in total.
That’s good advice 🙏
I worked out a better way to own land as a farang.my wife's sister found 4 Rai, with full Chinote, just before the Ko Lanta ferry for 2m., I made a legal loan to her for half the land(1m.), I then made a legal lease agreement for 25years, that way I get the land and retain control of the 1m., if she tries to sell the land I can recall the loan and get my money back. We have built an Ayutthaya wooden house on the land and I have got the Tabien Baan(yellow book) in my name.
Nice mate, wish you good luck. For me land is for daughter, store of value for her.. 🙏
I'm a lady married to a Thai guy but I'm the one with the money. I was a bit disappointed when I saw all the draw backs, especially because his kids and ex-wife are super greedy and happy to take what they can for nothing. So, your way of doing it works for me. I'm going to ask the lawyer to do it this way.
Or you could forget land and just buy a thailand stock etf and hope for the best!
How did you go a year later?
To midigate risk with company ownership....
Start a (holding) company, buys land with a morgage stamped in the charnot where you privately is the lender.
Start a second company (diffent directors) that leases the land from the first company and pays some rent yearly. You might want to do stuff while living in Thailand.... the second company can be set up to operate/run any type of business. And if you wish to buy some other property or "flipp" you already have your "holding" company for that.
Good advice 👍
Brilliant block of land and consideration for your daughters future…
A corner block on the highway opens up a multitude of business opportunities from beverage stop to hamburger barn…trust me, I’m Greek Australian and I know. I’m looking at retiring in Isaan and renting my home in Australia in order to live like a king 👑 in my twilight years 😊😊
Thanks mate 🙏 and wish you well
Mate wish you all the best with the land.
There's one other way to tie up the land with a 30 year lease.
It's called a Usufruct which is when at the time of setting up the 30 year lease the Usufruct and 30 year lease is noted on the back of the official land paper at the local land office. This then means that that piece of land cannot be borrowed against ( something that Thais do a lot and quite often loose to the local loan sharks ) or sold for the duration.
You didn't buy land in Thailand you paid for it mate.
Thanks mate, I did my research and discovered about Usufructs after the fact.. sounds interesting but you are right.. at the end of the day we don’t buy we just pay :)
Usufruct is for life if not operating a business on the land.
Anyway it doesn’t matter as he clearly says he bought for his daughter and has no intentions of living there!
If l could turn back, l would do the same. Land on a main road here in Thailand attracts a premium price.
@@anthony7091 thank you for watching 🙏
Fantastic video! Thanks for sharing great information. 🙂
It doesn't look like I will be a landowner in Thai.
Ana is adorable!🥰
Thank you 🙏
Your choice was very good and it is ultimately to your precious little princess and a flat/square lands are more expensive than others in any part of the world. Lovely video. Thanks.
Thank you 🙏
Good for you mate, you've done right to give your cute beautiful daughter a legacy near her Thai relatives.
Thank you 🙏
Nice work mate. My mrs and I bought a 800sqm block in home town in 2018.
It’s in her name. We’re both living in Australia. One day will build retirement home and do 6 months there/6 here.
Basic principles when buying land, due diligence make sure no finance owing, Chanote at land office is witnessed, a clear sales contract written up from buyers solicitor for seller. In process now looking at 2 properties next to ours and acquiring them. Unfortunately have the negative comment people don’t have a clue.. except google.
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Bought 8 rai for 800k ten years ago (100k rai) Hua Hin area, road , electric, water
Nice one 😆
1.8 million thb for one rai looks like a very expensive price . What do you think ?
It’s on the higher end definitely.. we cover more affordable alternatives in the video and then ultimately the reasons why we decided on what we got. Thanks for watching 🙏
Nice video. Well done also, congratulations on marriage and having a beautiful baby.
Yes to being very informative. Always nice to see someone getting on with their life and enjoying themselves in the process.
Good luck with the future and hope you all enjoy happiness and prosperity. 👍❤️😇
Thank you, appreciate it 🙏
You may have bought the land, but you do not own it. By law, the deed cannot be in your name. It would be more accurate to say that you have a certain amount of control of the land, but it's not yours.
Correct :) We go through the above points in the video. I didn’t buy it, I just paid for it 🙏
Hey guys very interesting video, watched it to the end, yes here in the Philippines the same rules basically apply so option two is the best as it's a commitment for your new family after all🤗😀♥️♥️
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Thanks for sharing this story of selfish-less, love and giving! Everyone has its own reasons to back up their actions. Money may not be an issue…as long as the land glow on the buyer!
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That was interesting about buying a land in Thailand, but my situation is definitely different I myself was born in Thailand and only being a Thai citizen for 20 years then became the US citizen for more than 50 years actually I was born in Bangkok both of my parents are dead and left us some land for all of us myself and my siblings, I myself
Almost 75 years old would love to retire and die where I was born.
I enjoyed your story about buying a land in Thailand absolutely very interesting to learn all about a foreigns cannot buy a land in Thailand.
If you are born here, all you need is the cash, flash 😮
pretty well much said, take the 3 precautions mentioned, its enough to make one think investing
Thank you for watching 🙏
Question? In order to fully cover yourself, could you not set up a company with 49% ownership of the company with your wife having 50% whilst maintaining voting control but then lease the land from the company on a 30 year renewable lease in your name. If I'm not mistaken that would mean the company can show a yearly profit in order to keep the powers that be happy but at the same time it would ensure if things go pear shaped with the wife that you are not the one forced to leave. Clearly you would then both make a will leaving your shares in the company to your daughter thus also ensuring that she received part ownership if one of you dies and maintaining the balance of Thai ownership in the company if your wife died before you. However most importantly given it's your money you always retain the right to live there should things go wrong but if she desired to get out of the arrangement completely she could theoretically sell her 50% based on the income the lease generates. In essence you could set your overall risk based on the value of the cost of the lease?? This model to me seems to create a relatively risk free but fair solution to the madness that Thai people are the only ones that can formally own property directly. A model of this nature unless I'm mistaken protects everyone.
Just finally to qualify things regarding the company side of stuff. So long as the accountants are making a few quid and the government is making a few quid in tax on the lease profit i can't see it would ever be closed down.
Sounds like a good structure, will consider it in future if we decide to acquire something else. For now its pretty straight forward, plain land and gift to daughter 🙏
The price is surprising to me for it being so rural. I paid about the same for my slightly smaller piece of land in rural Japan where the cost of living is much higher. It's at the edge of a city of 500,000 but countryside. We can buy huge plots of land (4 rai or more) in the real countryside but along roads for about 1/4 the price but in Japan convenience is the cost.
Since you aren't planning to build the land will definitely increase in value at its location.
Thank you for your comment, yah I paid for the land.. my work is done here 🙏
It's very silly to buy land as a foreigners in thailand don't ever get cheated and safer to buy condo with only good location cbd area-soi in BKK krap.🙏
Understand mate, you have to walk in knowing that what you put in “is not yours” .. if you understand that and are still ok .. go for it. For me it’s a gift for daughter 🙏
@@freddyjingjo Don't put all your money-baht in one basket, always trust yourself man.👍
Understood mate 🙏
wonderful straight forward video sharing good info for expats. best wishes for you and your Thai family.
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Like the back part of the land. Would use that as the entrance. Plant stuff as a sound buffer on main road side.
Good advice 🙏
In Malaysia..a Foreigner can own land in his/her name depending on the title. Anybody can own a CL title land (Country Lease) but not an NT (Native Title). However CL lands are way more expensive than NT lands. Mainly bcos banks prefer to finance CL lands with higher margin. The reason is, incase of foreclosure, there's more market for CL.
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@@freddyjingjo
I forgot to mention that Native Title lands can be subleased for 30 yrs like in Thailand.
I live in Nong Bua Lamphu also in a village called Hin Lap Nong Sawan.
I think the village you are referring to is called Ban Phan Don the road 228 a very busy road heads towards Si Bun Rueang from Nong Bua Lamphu. I'm of the age were I like peace and quiet so have retired here now 6 years, away from tourist destinations. Liked your blog.
Thank you 🙏 super pleased to see that someone who lives nearby got to see the video
I can fully understand buying near family especially with a young daughter. Same situation as us with a 4 year old we have 4 rai and built a nice modern house on it for well under 2m baht total. A bit amazed at you paying 2m for land alone but hard to judge location etc from a RUclips video.
Yeah I hear you there mate 🙏 it was kinda pricey but now it’s hers forever, what’s done is done ✔️
Thanks for the good video and advice, enjoyed watching, happy days there✌️
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Good on you, mate! 👍
Thank you for watching 🙏
There's an arrogant foreigner here in Rayong that is known for boasting about what he has and what he has bought! I asked him, how can you call it 'Your land, your house'? He replied : 'Everything is in his wife's name. She was gambling and drinking and became 'unstable'. *( True) So, he says he went to a Thai lawyer and got all the land and properties signed over to him so she could not access any value! I replied then she is technically NOT the legal owner and you being a foreigner cannot own land! He replied: The Lawyer has all the paperwork and he is a good friend of his! There you go! Work that one out! When the 'wife's' family want money --the wife will have to obey! The arrogant foreigner will get a gun to his head! Thai company as in #1 must be 51% in Thai name(s). Max you may get is 49% --beware! You do not control the company and the signatories could be 'fixed'. #2 . You do not own the land. #3 Leasing for 30 years? I don't know of anyone who has done that has reached the 30 years as yet as this law hasn't been in place for 30 years at time of posting! Most want to 'sell out ' cheaply during the latter years of the lease! Serious loss of value! Beware the lease may NOT be re validated or re issued! Good luck with your venture and beware of who you deal with! I hope you can speak Thai!!
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I would never buy any land/property in Thailand. Too many risks and I don’t trust anybody. I’d rather just rent until I die if I were to retire in Thailand.
@@Owlerycrinkie0918 valid point 🙏
oh yes another horror story
Reality.
Good luck for your life…Good information.. You are good father and makes cry
Thank you 🙏
Adam and Jane another delightful little video showing your journey here in the Philippines 🤗😀♥️♥️
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Different for us citizens.. Pursuant to the provisions of the U.S.-Thai Treaty of Amity, American citizens or American corporations can own entities here in Thailand in a manner substantially different from other foreign nationals. So notably, Americans can own a company or companies essentially a hundred percent.
The target is different for everyone I would imagine 🙏 homework is essential 👍 good luck
Correct ! I bought land and built a factory on 14 Rai --Working for an American company investing and setting up here in Thailand. Again, a good lawyer was essential!
@@paulbarclay4114 No they cannot, you have to be a Thai citizen
yes
Great video. Cool village, I'm sure Van Damma would love to kickbox train there :) Congratulations on being a property owner.
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Yeh, we own a house and land outside Udon Thani north about 12 Km and off the main road on 2021.
Nice one 🙏
@@freddyjingjo When I get back I will see if you want to meet up!
Hope u r father and ur daughter be happy and stay Thailand forever…with happy enjoy success….
Thanks mate, much appreciated 🙏
Nice village
I am indigenous Montagnard Jarai I like to visit Thailand one day my sister refugees in Thailand
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1.600m2one Rai 40•40m,Nan400m2 20•20m,
Hong 100m2 20•5m
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That's a very good price for 1 Rai of land. I bought 0.5Rai for Thb2.5mil at Mueang Lamphun, 30km south of Chiangmai, which i think it's already at the higher end of normal price... But, still have to buy it as good piece of land with reasonable price it's hard to find now... regretted that I didn't make up my mind 8 years ago...
And, I love the way you manage your new land, leveling it to par with the main road. Many lands there are always lower than the main road, this is what I dislike the most...
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Yeah nothing like overpaying for land on a noisy busy road that you don't intend to build on. What was it that PT Barnum once said?
Thank you for watching 🙏
That seems like a lot of money. In the states, a property lot in a nice subdivision goes for about $80,000.
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Thanks for the information, I would love to buy a 3 bedroom property with pool and a bit of garden but I’m already married to a Vietnamese, I don’t want to lease for a 30 year period and setting up a company I would have to submit my accounts, hire an accountant and form a proper business. I don’t want to do any of former . It’s a shame the laws are so stringent as the property in Thailand is at least 3 or 4 times cheaper than it is in Vietnam. Your daughter is as cute as a button, cheers .
Thank you 🙏
You bought this land at the suburb areas. A land at the village will be much cheaper if one intended to buy.
I bought a piece, an area of a tennis court in Laem Thong, Nakhon Phanom for my god son whom I help to care for him since he was born. I also sponsor in his university education in BK now & he will be graduating at the end of this year, 2022.
I knew his dad 30yrs ago when he was working as a construction worker in Singapore.
p.s. Best wishes to you & your family.
You have a beautiful daughter. 👧
Yeah wow, much respect mate 🙏
on the 51% owned by Thai If you get them to fill in a form saying the resine but put no date on it like I got a frend to do they can not ask for any exstra fees like they do.
If any Thai has a det by gambling or any friends det they can go to the Juge and put a I.O.U. on the land or make her to sell .
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Super useful video, thank you!!
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I recognize udon airport. Fly in and out to visit family when I’m in Thailand
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More Nong Bua Lam Phu content please, my wife live just few block from where you live, Greating from Bahrain 🇧🇭
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I have always been curious and should look into my own situation. I was born in Thailand to both Thai parents. I am an American citizen and lived in America since I was two yrs old. I wonder if I can buy land even though I don’t have a Thai passport or a Thai ID. I don’t read or speak Thai either. I still carry my father’s name because I’ve never been married. I welcome anyone who wants to comment on my situation. I understand the best person to answer this is a Thai lawyer.
Every country is different, but sounds like you may be able to apply for Thai passport and national ID by decent. Check with Thai embassy, good luck 🤞
I hope you have tried the Thai embassy or consulates for your situation and documentation needs. I believe they can be of assistance.
Also here’s a link to a story like you Thai but raised in US. And another story born in Thailand but raised in Canada and went back and got his Thai citizenship. His channel is called Keyframe 5. Don’t give up and Good luck,
ruclips.net/video/vl-Q3fUIyoM/видео.html
Yes contact your nearest consulate or embassy in regards to what documents you need for a passport
You should talk to a Thai family member and see if your Thai name is in any Thai house registration book. If so, with the help of your Thai family you can claim your Thai ID card. Also if you talk to a Thai government worker, you must tell them you have not renounced your Thai citizenship.
You can get a Thai passport and hold dual citizenship because you were born in Thailand and have Thai parents. Then you can come and live in Thailand as you please. Consult your local consulate, they will help you.
some misconceptions here. None of the 3 options allow a foreigner to own land.
Also the 30 plus 30 year lease is a not legal. The max lease period is 30 years.
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Renters win in the end? Depends on your goals
@@freddyjingjo
Depends if you understand the risks of using noninees, lawyers or thais to hold your minority interest in property. Even if you rent you'll probably come out ahead in the long run unless you're paying all cash as the cost of interest is higher than the rent and the price usually won't go up.
Awwwe for your daughter, absolutely reasonable decision.
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The video I've been looking for
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Great video mate, appreciated.
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now mate, you have to purchase a primarily farm land (NAA') for your lovely daughter as I did for my 2 kids.
enjoyed your video. wish you luck.
Thank you 🙏
Sorry just a question. When you said the leasehold option, if the Thai owner of the land passes away…. You didn’t mean that the relatives can take the land back within the 30 year agreed lease ? Do you mean at the end of the lease ? Surely if you’re 10 years in and your landowner dies they can’t just break contract once they have inherited it. I get they can stop agree to not renew it after 30 but can you just clarify this
The contract is a contract, but yes once the lease is over they as owners can take back the land. These things are all theory based because 30 years is a long time.. not sure how many cases (good or bad) are documented :)
That's the last place in Thailand I'd set up home, but each to their own. That looks extremely expensive too, for such an undesirable area of Thailand. Looks about 200K tops.
Yup that pretty much sums up the video :) cheers 🙏
yeah I was surprised at the price we have prime land here (we are developers) in Pran Buri 20km south of Hua Hin and we are selling it at 2m for now inland 1.5 km where chanote land "on the beach" is 45million TB! Being married helps the situation too Just give the land to your wife forget all this ownership crap, if you love and trust her that goes a long way in Thailand to having a comfortable life - secure future - but of course I married a Chiang Rai (Up North lady, culturally VERY different)!
I think you made a good choice mate Im from north east Thailand love my city , btw your little one she is a sweetheart 💕 hope you like อิสาน musics😁✌️
Thank you mate 🙏
You’ve done the right thing and it’ good for your family.
Thanks 🙏
You're on the button.Niice video,All the best in the future..
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New house blessing ceremony. Beautiful tradition.
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My advice to you all is dont purchase any land or property in Thailand , especially in your wife name ,due to the fact that marridges don't work .after 20 years of living in Thailand I haven't seen any relationship last .For your half cast kids buy property in your own countries as an investment for them .Rent everthything in Thailand other than your scooter ,best investment you'll ever make.
Valid advice mate 🙏
spot on mate!
😂😂😂😂😂😂 what a tool
Thank you for the info. It’s very help for the foreigners are want to buy the land in other countries.
Cheers 🙏
We have a lot of land near the sea in up coming pran buri south of hua hin, dubbed Thailand's new Gold Coast we made sure that when we bought it it was full chanote title and not any other class such as nor sor san gor etc, only CHANOTE gives the owner (thai) FULL FREEHOLD TITLE. You made no mention of this. 2) We have friends who build the main roads here so we used their massive graders/levellers and crushed mountain rock sub base We DID NOT use the familiar thai crap method of using an agricultural tractor and spooning mud around until it "looks flat" - until the first rainstorm We also (in our case) ensured that in our developmental properties we built we used piles for stability. These are all tremendous considerations and we do give consultancy to anyone wishing to come to Pran Buri. I've seen lots of disasters social, technical and electrical in 13 years here You paid a lot for your land we are selling prime land 1.5km from the beaches for about 2 million. I agree with all of the advice in your clip. Use ACH blocks if you build as that will reduce your onward envirnmental / green profile (ie thermal considerations) and plant LOADS of trees...(with considerations about leaffall and roots Good luck. One final thing, thai electrical pracices are highly dangerous, use multiple earths (as in Australia) and use an UFER ground system (yes look it up on wiki) where the rebar is welded together at a few points as the free ions in the cement will make a fantastic low impedance ground for RCD/ELCB reference/safety. Or just leave it to the Thais to Scotch Tape all the joints hahahaha aaaaggghhh
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He paid wayyyyy to much for this land.. 🤦♀️ sometimes i cant believe the prices the Thais r wanting for such land! CRAZY!
Why are you all so obsesst with land!
we made a lot of money and made BKK investors happy... 80% sold now @@brunoheggli2888
Good land smart buy. Busy main road, that land will only increase in value.
Cheers 🙏
To all the men watching this video. Very informative and accurate. But there is something very important to add: never let yourself being dragged into situations where the only purpose is to extract money out of you. If you don't want it, don't buy it. There is a serious chance that the land (or whatever) purchase is just a con, you are the clueless prick brought from afar (so you have no idea of the market or prices) and everybody will love you because they will all make a commission (the family and your wife). Even if you don't care and it was meant as a gift to your child, you opened the possibility for the poor soul to be extorted from the family in the future (especially if you are out of the picture). If it doesn't get gambled away. We come from another culture with a lot of positive prejudice. Having a child means the world to you, only you. The more you financially expose yourself, the more reality will come back to slap you in the face. Whatever happens, the child will only be used against you. I really don't want to ruin anybody's happiness. I lived in Thailand for 1 year and I plan to go back, because it's heaven on earth in so many aspects. But I witnessed and heard so many stories that make your blood chill. The recipe is rent, balance your budget and enjoy. Do not invest in anything.
PS: If you really want to buy a propriety, there is a 4th legal way to secure it. Write a loan contract for the value of the propriety, so if it gets sold without your consent, the money will go directly to you.
That’s good advice 🙏 thanks for watching
Good decision...best wishes to Ana
Thank you 🙏
Thanks so much for all your informations.
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Great info and good luck 👍
Cheers
Here in the Phils., we call it house blessings. We invite a priest to bless every corner of the house with neighbors and friends and lots of foods🙂
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Perfect video. Very informative.
Thank you 🙏
so happy for you guys .nice property .good investment .
Thank you 🙏
fwiw.. Google said... "It is generally larger than a " hamlet " but smaller than a " town ". Some geographers specifically define a village as having between 500 and 2,500 inhabitants. In most parts of the world, villages are settlements of people clustered around a central point.". My guess is that the population size is what identifies a town/city/ etc, and not the strength of its utilities. Less than 300 population, everyone going to know everyones business. (for better or worse) ;)
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Isaan is the best... love the food...love the earthy people!!!
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For me don’t buy anything if you can not own it . Fact is that the land is so expensive due to the Chinese is taken over investment in Thailand . I am Thai American that why I know my fact . Congratulations 🎉, you did a good thing to invested for your child .
Thank you 🙏
@14:30 If you have a lease, aren't you safe for at least the term of the lease (30 years in this case)? Even if the original owner dies and the new owner doesn't want you on their property, there is nothing they can do about it because you have a lease. Are you saying the new owner can cancel the lease?
Correct, you are safe for the original term of the lease. Where it gets precarious is when renewing or extending on a new lease
Hi good vid, you make here a good vid because your sound is very clear, its a interesting thing y speak about, you speak in a good speed where everybody can here what y say.
Maybe you can make a vid about how to find good people too build a house, is it better to find people from western world to build a house, i not know but i think you know some people in Thailand and maybe therefore you can make such a vid
If not its ok, your vid will still be good.
Stay safe
Rak Thais RAk Thailand samer
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Vietnam the same ..thank you for your make vlogs these ..keep safe
Thank you 🙏
It's not easy when you are a not a thai, you Will always get hustled. They do this to forener to Milk out every single peni they have when they get any opportunity. It's okej if they end up using the money 4 good purpose, but sadly moster of them spend it for party and back to squire one, which in this case he will be paying much more extra again when buildning the actual house. Good luck!
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NEVER TAKE INTO THAILAND THAT YOU CAN'T AFFORD TO LOSE...
You have to walk in knowing you may walk out less than what you walked in with .. such is life 🙏
Hello, I liked this video that you made of your land. I love Thailand very much. Phuket is my main place for holiday. When I came to Phuket in 2000. I fell in love with that Island. I just got my divorce after 27 years of married life, that was hell. I looked all over Phuket to see if I could buy a property. I got a lot of negative and positive answers. I went to a real estate place, and he said to me that I could buy a property in Thailand with land and house. The first thing that came to my mind. This guy was an Indian, and I do not trust Indians. One day I was walking down the streets and I noticed a lawyers office. To my good luck he had just arrived at work. I introduced myself and asked him a few questions. He was very nice, and he said the only way I could buy a property in Thailand is. If I had a Thai girlfriend, and I had intentions of marrying her. Or the only other option was I could buy a Condo, and I could own it. I am from Perth, but I think of Thailand every day. What really upsets me is. The Govt. in Australia allows people from other countries to invest here in Australia, but we don't have the right to do it in Thailand. Another thing I was told about this lawyer. Even if I was married to a Thai girl. The property would be in her name, and if the marriage did not work. Automatically the property becomes hers.I lost a fortune. I rather stay single and be happy.
You can still enjoy life in Thailand without buying property. Sounds like you have learnt from life already, renting property is fine, less headaches and just enjoy life (single or not single).
You can buy if it is a condo anything else you must have a Thai partnner l have lived here for twenty-five years.
Stay single rent whatever you want and you can play all you like with the girls . Mate there’s millions of guys who would like to be in your shoes. Me included 😂🤣
If you don’t have children to leave any asset behind for them, the best safest way could be just to lease it. It’s cheaper and safe for you this way. Many condo,house and even villa owners trying to lease all year round. Plentiful of them
In Thailand,can you have a lease agreement for the house on her land? Here in the Philippines we cannot.
The lease would be for the land. The foreigner can own the house, not the land.
@@gumacanian4211 not sure you would call it an investment :) but you have the lease and can stay there until it expires.
The Beginning interesting are the Mitel aend the aend 🧐
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Yes they can 1 rai now
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Great information. Thanks.
Thanks mate 🙏
After sneeze you should be saying “you’re so good looking”
I could have edited it in some how :) now too late :(
Could you go for both options 1 and 3? Set up a Thai company with the wife, then the company leases the land to me for 60 years.
The income from the lease would solve the problem of audits because the company would look like an active real estate company from the income. Furthermore even if the auditors wanted to force a sale they couldn't because a lease agreement is already in place
Sounds logical.. legal advice necessary here
Thanks freddy gave me some insight thanks jamie
Cheers 🙏
Wow. My lot here is double the average size, but my house is on 2 acres. I'm not sure what I would even build on 0.35 acres. Is that the average lot size in Thailand?
Land here is measure in Rai (40m x 40m) so yes very common
@@freddyjingjo ty for the info. I like how it's right on a highway. Would be a great business location.
Good one mate, many congrats. Question: can you possibly put a business on it (such as a restaurant) to go with the potential future house; if you may choose to build one? cheers and best wishes
There are a few businesses on that main road (general stores, food stops, gas stations), shouldn’t be a problem if that’s what one wanted to do..