Buying land in Thailand as a Foreigner (Part 1) My experience 2022

[@freddyjingjo]

⏰ 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

[@milkybar06]

what happens if yu have more children?

[@gossipopithecus]

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!

[@freddyjingjo]

I’ll have to go back to work 👀

[@mcdonalddavid9486]

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]

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 🙏

[@LWPowers]

@@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?

[@chanyuthariyakulchai2788]

good choice^^

[@geraldlat7462]

A yellow book is proof of address and confers no ownership or other rights whatsoever.

[@dotcom2528]

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.

[@XY-rh3if]

Best video ever with regards to the question, "Can Foreiners Really Own Property". Very well explained, covering the various types of properties, ownership type, risk, benefits and everything else in between. Excellent! All other similar videos only leaves one confused at the end without really getting an answer to the question. This video will be saved THANK YOU.

[@freddyjingjo]

Thank you for watching 🙏

[@jamessanchez6512]

As an Aussie looking to buy in Thailand atm, I appreciate you sharing your experience and all the other information in this video!

[@freddyjingjo]

Cheers 👍 good luck

[@RM-hx7lj]

Lovely to see a man of personal integrity… regardless of the outcome, this is for your daughter 🙏🙏

[@freddyjingjo]

🙏

[@davidconnelly2008]

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

[@freddyjingjo]

Thank you for sharing, wish you well 🙏

[@Nordic_Sky]

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.

[@gossipopithecus]

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!

[@Truecrimecommunity]

@@gossipopithecusGoogle man

[@francus7227]

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.

[@freddyjingjo]

Congratulations on your purchase and good luck 🙏

[@Rejainkhan]

very informative VLOG - THANK YOU FOR YOUR TIME AND EFFORTS

[@freddyjingjo]

🙏

[@Lao_bae]

You made a great choice, the land price is very reasonable, you have conveniences of the major roads. Beautiful and wise decision. 👍

[@freddyjingjo]

Cheers 🙏

[@ubonrat8653]

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

[@freddyjingjo]

Cheers mate 🙏

[@ebaystars]

hahaha you mean the original native owners ??? - London is now Russian thanks to the stupidity of corrupt money-making governents

[@rainerhasler135]

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.

[@freddyjingjo]

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 🙏

[@Роман-д1й1ш]

​@@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.

[@freddyjingjo]

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 👀

[@anthony7091]

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!

[@freddyjingjo]

@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).

[@Piyawat1985]

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. 😃

[@freddyjingjo]

🙏

[@edwardng5101]

wonderful straight forward video sharing good info for expats. best wishes for you and your Thai family.

[@freddyjingjo]

🙏

[@lakewoodmontessori4353]

Fantastic video! Thanks for sharing great information. 🙂 It doesn't look like I will be a landowner in Thai. Ana is adorable!🥰

[@freddyjingjo]

Thank you 🙏

[@davidwilliams7552]

Great video mate, appreciated.

[@freddyjingjo]

🙏

[@PATThaiA]

You're on the button.Niice video,All the best in the future..

[@freddyjingjo]

🙏

[@Bandit-Iggy]

Thanks for the good video and advice, enjoyed watching, happy days there✌️

[@freddyjingjo]

🙏

[@innuendo4469]

Super useful video, thank you!!

[@freddyjingjo]

🙏

[@jasenwright1178]

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!

[@freddyjingjo]

Good advice, cheers 🙏

[@hanscarlsson7276]

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.

[@freddyjingjo]

@@hanscarlsson7276 good advice 🙏

[@maakamakana7007]

you will see a blue pipe sticking up where his wife is walking near the road, that town water supply...and furthermore land is mark out with sunken boundry pegs, little concrete cones the size of a paper cup, buried a metre under the ground..found mine....there is no real way to own land, gotta be in the wifes name, and many women use this to get a new house, and then ditch the guy...only spend what you are willing to walk away from

[@freddyjingjo]

@maakamakana7007 Thank you for watching 🙏

[@allanfahrenhorst-jones6118]

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. 👍❤️😇

[@freddyjingjo]

Thank you, appreciate it 🙏

[@JuJu-ml5ej]

Good on you, mate! 👍

[@freddyjingjo]

Thank you for watching 🙏

[@ProlineITW]

Great info and good luck 👍

[@freddyjingjo]

Cheers

[@dotcom2528]

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.

[@freddyjingjo]

Good advice 👍

[@PPCCO.]

The video I've been looking for

[@freddyjingjo]

🙏

[@ArthurLiotis]

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 😊😊

[@freddyjingjo]

Thanks mate 🙏 and wish you well

[@kingsexploits]

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.

[@freddyjingjo]

Thank you 🙏

[@bubbleno7]

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 )

[@freddyjingjo]

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 👍

[@chanchuckwow]

Great video. Cool village, I'm sure Van Damma would love to kickbox train there :) Congratulations on being a property owner.

[@freddyjingjo]

🙏

[@abritishexpatinthephilippines]

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🤗😀♥️♥️

[@freddyjingjo]

🙏

[@AllSpace]

pretty well much said, take the 3 precautions mentioned, its enough to make one think investing

[@freddyjingjo]

Thank you for watching 🙏

[@RodRockets]

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.

[@freddyjingjo]

🙏

[@patrickmassocco6759]

Thanks so much for all your informations.

[@freddyjingjo]

🙏

[@jeanpierre9839]

Perfect video. Very informative.

[@freddyjingjo]

Thank you 🙏

[@gray2942]

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.

[@freddyjingjo]

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 :)

[@anthony7091]

Usufruct is for life if not operating a business on the land.

[@anthony7091]

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.

[@freddyjingjo]

@@anthony7091 thank you for watching 🙏

[@turningpointaustralia9531]

Great Video Mate

[@freddyjingjo]

Cheers 🙏

[@fl1barrypiper793]

@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?

[@freddyjingjo]

Correct, you are safe for the original term of the lease. Where it gets precarious is when renewing or extending on a new lease

[@abritishexpatinthephilippines]

Adam and Jane another delightful little video showing your journey here in the Philippines 🤗😀♥️♥️

[@freddyjingjo]

🙏

[@Nogod14]

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

[@freddyjingjo]

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 :)

[@kevinwaters5872]

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.

[@freddyjingjo]

Wise words and very true 🙏

[@MsJamiewatt1]

Thanks freddy gave me some insight thanks jamie

[@freddyjingjo]

Cheers 🙏

[@johngledhill2970]

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.

[@freddyjingjo]

Nice mate, wish you good luck. For me land is for daughter, store of value for her.. 🙏

[@MsJaqstar]

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.

[@brunoheggli2888]

Or you could forget land and just buy a thailand stock etf and hope for the best!

[@freddyjingjo]

How did you go a year later?

[@Tibetandemocracy]

Good luck for your life…Good information.. You are good father and makes cry

[@freddyjingjo]

Thank you 🙏

[@markmeenaghan934]

Like the back part of the land. Would use that as the entrance. Plant stuff as a sound buffer on main road side.

[@freddyjingjo]

Good advice 🙏

[@hk0born]

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!

[@freddyjingjo]

🙏

[@phoenixknight8837]

Thanks for the info.

[@freddyjingjo]

🙏

[@jacobfernando6214]

Great information. Thanks.

[@freddyjingjo]

Thanks mate 🙏

[@wendyon4517]

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.

[@freddyjingjo]

Thank you for your comment, yah I paid for the land.. my work is done here 🙏

[@billsimpson2392]

Good stuff Fred 👍

[@freddyjingjo]

Cheers 🙏

[@LWPowers]

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.

[@anasofia8033]

Nice one 👍 lawyer is the best place to start !

[@freddyjingjo]

🙏

[@SmthIcanNvrHave]

This is solid advice.

[@HumanLinkCenter]

Good decision...best wishes to Ana

[@freddyjingjo]

Thank you 🙏

[@maneemechai4799]

so happy for you guys .nice property .good investment .

[@freddyjingjo]

Thank you 🙏

[@BigDaddy4Real]

Great info!

[@freddyjingjo]

🙏

[@mitmobile5755]

1.600m2one Rai 40•40m,Nan400m2 20•20m, Hong 100m2 20•5m

[@freddyjingjo]

🙏

[@Lao_bae]

Awwwe for your daughter, absolutely reasonable decision.

[@freddyjingjo]

🙏

[@bubbleno7]

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.

[@freddyjingjo]

Thank you 🙏 super pleased to see that someone who lives nearby got to see the video

[@tovielu5461]

Thank you for the info. It’s very help for the foreigners are want to buy the land in other countries.

[@freddyjingjo]

Cheers 🙏

[@jampasurprenant1794]

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.

[@freddyjingjo]

If you are born here, all you need is the cash, flash 😮

[@QuynhNguyen-jq2oj]

Vietnam the same ..thank you for your make vlogs these ..keep safe

[@freddyjingjo]

Thank you 🙏

[@Ned88Man]

Hey man. I am also living in Nong Bua Lam Phu...What part are you in?

[@freddyjingjo]

We dont live there, we are in Pattaya at the moment. The land is on the main Hwy to bangkok, opposite “phandon village” where the family lives

[@jf4595]

Very nice & peaceful area!

[@freddyjingjo]

Thank you for watching 🙏

[@Lao_bae]

New house blessing ceremony. Beautiful tradition.

[@freddyjingjo]

🙏

[@lcloon]

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...

[@freddyjingjo]

🙏

[@robertw1962]

Nicely done!

[@freddyjingjo]

Thanks mate 🙏

[@markdam]

what is the little parking area and building in back is that als yours?

[@freddyjingjo]

Apparently it used to belong to the local school, now its administered by local government/council etc. usually during local elections for ppl to cast votes.

[@markdam]

Awesome congratulations for your daughter becoming a landowner I don't know if I'm going to marry when I come to Thailand so I have to consider all my options Land least might not be too bad for 30 years

[@craighoward4446]

Thanks for the info

[@freddyjingjo]

Cheers 🙏

[@inked-qt]

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 KZbin video.

[@freddyjingjo]

Yeah I hear you there mate 🙏 it was kinda pricey but now it’s hers forever, what’s done is done ✔️

[@robertnorkus5582]

Great video

[@freddyjingjo]

Thank you 🙏

[@gumacanian4211]

In Thailand,can you have a lease agreement for the house on her land? Here in the Philippines we cannot.

[@freddyjingjo]

The lease would be for the land. The foreigner can own the house, not the land.

[@freddyjingjo]

@@gumacanian4211 not sure you would call it an investment :) but you have the lease and can stay there until it expires.

[@ThePt898]

Hope u r father and ur daughter be happy and stay Thailand forever…with happy enjoy success….

[@freddyjingjo]

Thanks mate, much appreciated 🙏

[@mojo3772]

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

[@freddyjingjo]

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..

[@mitmobile5755]

The Beginning interesting are the Mitel aend the aend 🧐

[@freddyjingjo]

🙏

[@georgeh1352]

Good for you mate, you've done right to give your cute beautiful daughter a legacy near her Thai relatives.

[@freddyjingjo]

Thank you 🙏

[@jasenwright1178]

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!!

[@freddyjingjo]

🙏

[@Owlerycrinkie0918]

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.

[@freddyjingjo]

@@Owlerycrinkie0918 valid point 🙏

[@ebaystars]

oh yes another horror story

[@titiwa5768]

Reality.

[@niwata6908]

You’ve done the right thing and it’ good for your family.

[@freddyjingjo]

Thanks 🙏

[@ninjaturtle6106]

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.

[@freddyjingjo]

🙏

[@ninjaturtle6106]

@@freddyjingjo I forgot to mention that Native Title lands can be subleased for 30 yrs like in Thailand.

[@miketzai9209]

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

[@freddyjingjo]

🙏

[@simonhamblett6416]

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.

[@simonhamblett6416]

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.

[@freddyjingjo]

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 🙏

[@tanchye1720]

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. 👧

[@freddyjingjo]

Yeah wow, much respect mate 🙏

[@Zain792]

More Nong Bua Lam Phu content please, my wife live just few block from where you live, Greating from Bahrain 🇧🇭

[@freddyjingjo]

🙏

[@lecannet]

So expensive 75k aud! Can get 700m2 in Perth for 30k aud 🤦‍♀️😳

[@freddyjingjo]

You wanna buy 700m2 in Perth ?

[@tuffynor]

Good land smart buy. Busy main road, that land will only increase in value.

[@freddyjingjo]

Cheers 🙏

[@Faryalfamily]

Thanks for sharing the important information. All these options are really risky if you have only limited money. If you are screwed then game over. Is there any way to come to Thailand and get the citizenship through the neutralisation process? I mean no marriage, no work visa. Maybe come as a tourist then extend the visa for 5 years. Then apply for the citizenship? Can you please advise on that? We are currently on turkey but willing to move.

[@freddyjingjo]

visaguide.world/asia/thailand-visa/citizenship/ 🙏

[@joet2975]

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?

[@freddyjingjo]

Thank you for watching 🙏

[@quackersna]

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?

[@freddyjingjo]

Land here is measure in Rai (40m x 40m) so yes very common

[@quackersna]

@@freddyjingjo ty for the info. I like how it's right on a highway. Would be a great business location.

[@carl7428]

1.8 million thb for one rai looks like a very expensive price . What do you think ?

[@freddyjingjo]

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 🙏

[@jimsinthailand]

Did you pay cash oronthly installment?

[@freddyjingjo]

Bank transfer yup

[@zohar956]

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.

[@freddyjingjo]

Thank you 🙏

[@LaMaiStyle]

That seems like a lot of money. In the states, a property lot in a nice subdivision goes for about $80,000.

[@freddyjingjo]

🙏

[@mdsantoro21]

Is it zoned residential or commercial since it’s on the hwy?

[@freddyjingjo]

Probably resi

[@CryptoCoinGrowth]

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.

[@freddyjingjo]

The target is different for everyone I would imagine 🙏 homework is essential 👍 good luck

[@jasenwright1178]

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!

[@ubonrat8653]

@@paulbarclay4114 No they cannot, you have to be a Thai citizen

[@ebaystars]

yes

[@llewellynlombard7428]

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.

[@freddyjingjo]

That’s good advice 🙏

[@LaMaiStyle]

I recognize udon airport. Fly in and out to visit family when I’m in Thailand

[@freddyjingjo]

🙏

[@navajo6931]

Nice village I am indigenous Montagnard Jarai I like to visit Thailand one day my sister refugees in Thailand

[@freddyjingjo]

🙏

[@TheBigFell]

was hoping for info about houses that sit on land, can aussie build house and own the building, on leased land, then sell the house and profit after lease finish?

[@freddyjingjo]

Anything you build on the land is yours. It’s possible to resell the house to someone else along with the lease (the land owner would have to be in agreement).

[@TheBigFell]

@@freddyjingjo thanks, good videos also, thanks

[@MarkBates566]

Yes they can 1 rai now

[@freddyjingjo]

🙏

[@stephenl9279]

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.

[@freddyjingjo]

Valid advice mate 🙏

[@razmos1]

spot on mate!

[@JohnMartin22222]

😂😂😂😂😂😂 what a tool

[@bamboozle999]

Good video, thanks. Just wondering if there would be a price difference between freehold and the 30 year leasehold? Also how about the second 30 years, how would that be priced? Could you use your 1.8m piece of land as an example? Many thanks

[@freddyjingjo]

Thanks for watching 🙏 The main reason why a foreigner would choose a 30 year lease over buying in the name of a thai person is that its the closest a foreigner can come to actually owning or having exclusive possession over the property for agreed period of 30 years. Im not sure there is a set way of calculating the lease cost. Ive heard of people paying the whole 30 year lease upfront (usually the value of the property, and slightly discounted?), I would imagine most agreements involve paying month to month over 30 years. Its really up to what the lessee and lessor agree upon. With the 2nd 30 year lease, Real estate agents will tell you that the renewal clause in the contract ensures a smooth transition to a 2nd 30 year lease .. but at the end of the day the owner has to come with you to the land office to register the new 30 year lease. There is nothing in the contract that can force them to renew if they change their mind or choose not to (This is Thailand).

[@davidalexander9245]

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]

🙏

[@freddyjingjo]

Renters win in the end? Depends on your goals

[@williamwallace6508]

​@@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.

[@bounthavygoytphoneyavong3204]

What up... Family ...u smart man...

[@freddyjingjo]

🙏

[@alexandrerocha1392]

Thank you!!!

[@freddyjingjo]

🙏