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

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Freddy Jingjo

Freddy Jingjo

Күн бұрын

In this video I go over three ways foreigners can buy/aquire land in Thailand, the risks and possible ways to mitigate those risks.
I also show you the piece of land that we purchased in North-east Thailand, in the province of Nong Bua Lam Phu.
⏰ 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 (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
If you want to watch Part 2:
Buying land in Thailand as a Foreigner ( Part 2 ) One Year Later 2023 - Where are we now?
• Buying land in Thailan...
Music used in this video:
free music พิณซิ่ง free music phin sing 2019 free thai music [KK No Copyright Music]
• free music พิณซิ่ง |fr...
free thai esan music | โหวต พิณ แคน [KK No Copyright Music]
• free thai esan music |...
About me:
My name is Klaus (also go by Freddy), a former bean counter making up for lost time.
In 2018 I left the nine to five world to chase new experiences at home and abroad.
March 2020 comes along and the world stops, so did the ability to travel.
The global situation meant that I was to be separated from the mrs and little one for the next 12 months.
I came back to Thailand in March 2021 with the intention to join my little family.
Originally I started this channel because I thought I would need something to keep me occupied while living in Thailand, something to keep me out of trouble ..
With a young daughter you quickly learn that spare time is a thing of the past :)
If I can add a few videos here and there just for the memories, ill be happy :)
Thank you for watching.
/ onelifeonebucketlist
/ onelifeonebucketlist

Пікірлер: 515
@freddyjingjo
@freddyjingjo 2 жыл бұрын
⏰ 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
@milkybar06 Жыл бұрын
what happens if yu have more children?
@gossipopithecus
@gossipopithecus Жыл бұрын
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!
@mcdonalddavid9486
@mcdonalddavid9486 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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
@LWPowers 2 жыл бұрын
@@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
@chanyuthariyakulchai2788 2 жыл бұрын
good choice^^
@geraldlat7462
@geraldlat7462 2 жыл бұрын
A yellow book is proof of address and confers no ownership or other rights whatsoever.
@dotcom2528
@dotcom2528 Жыл бұрын
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.
@davidconnelly2008
@davidconnelly2008 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Thank you for sharing, wish you well 🙏
@Nordic_Sky
@Nordic_Sky Жыл бұрын
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
@gossipopithecus Жыл бұрын
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!
@Lao_bae
@Lao_bae 2 жыл бұрын
You made a great choice, the land price is very reasonable, you have conveniences of the major roads. Beautiful and wise decision. 👍
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@Ingmar-Berg
@Ingmar-Berg Жыл бұрын
Thanks for the good video and advice, enjoyed watching, happy days there✌️
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@jamessanchez6512
@jamessanchez6512 5 ай бұрын
As an Aussie looking to buy in Thailand atm, I appreciate you sharing your experience and all the other information in this video!
@freddyjingjo
@freddyjingjo 5 ай бұрын
Cheers 👍 good luck
@francus7227
@francus7227 6 ай бұрын
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
@freddyjingjo 6 ай бұрын
Congratulations on your purchase and good luck 🙏
@innuendo4469
@innuendo4469 2 жыл бұрын
Super useful video, thank you!!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@edwardng5101
@edwardng5101 Жыл бұрын
wonderful straight forward video sharing good info for expats. best wishes for you and your Thai family.
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@davidwilliams7552
@davidwilliams7552 Жыл бұрын
Great video mate, appreciated.
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@lakewoodmontessori4353
@lakewoodmontessori4353 2 жыл бұрын
Fantastic video! Thanks for sharing great information. 🙂 It doesn't look like I will be a landowner in Thai. Ana is adorable!🥰
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@abritishexpatinthephilippines
@abritishexpatinthephilippines 2 жыл бұрын
Adam and Jane another delightful little video showing your journey here in the Philippines 🤗😀♥️♥️
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@rainerhasler135
@rainerhasler135 Жыл бұрын
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
@freddyjingjo Жыл бұрын
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 🙏
@user-lh4in4rx1f
@user-lh4in4rx1f Жыл бұрын
​@@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
@freddyjingjo 11 ай бұрын
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
@anthony7091 5 ай бұрын
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
@freddyjingjo 5 ай бұрын
@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).
@PATThaiA
@PATThaiA Жыл бұрын
You're on the button.Niice video,All the best in the future..
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@chanchuckwow
@chanchuckwow 2 жыл бұрын
Great video. Cool village, I'm sure Van Damma would love to kickbox train there :) Congratulations on being a property owner.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@ProlineITW
@ProlineITW Жыл бұрын
Great info and good luck 👍
@freddyjingjo
@freddyjingjo Жыл бұрын
Cheers
@jeanpierre9839
@jeanpierre9839 2 жыл бұрын
Perfect video. Very informative.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@abritishexpatinthephilippines
@abritishexpatinthephilippines 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
🙏
@phoenixknight8837
@phoenixknight8837 9 ай бұрын
Thanks for the info.
@freddyjingjo
@freddyjingjo 9 ай бұрын
🙏
@jacobfernando6214
@jacobfernando6214 2 жыл бұрын
Great information. Thanks.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thanks mate 🙏
@RM-hx7lj
@RM-hx7lj 8 ай бұрын
Lovely to see a man of personal integrity… regardless of the outcome, this is for your daughter 🙏🙏
@freddyjingjo
@freddyjingjo 8 ай бұрын
🙏
@PPCCO.
@PPCCO. Жыл бұрын
The video I've been looking for
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@patrickmassocco6759
@patrickmassocco6759 Жыл бұрын
Thanks so much for all your informations.
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@ubonrat8653
@ubonrat8653 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Cheers mate 🙏
@ebaystars
@ebaystars 2 жыл бұрын
hahaha you mean the original native owners ??? - London is now Russian thanks to the stupidity of corrupt money-making governents
@Piyawat1985
@Piyawat1985 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
🙏
@BigDaddy4Real
@BigDaddy4Real 2 жыл бұрын
Great info!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@billsimpson2392
@billsimpson2392 2 жыл бұрын
Good stuff Fred 👍
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@tovielu5461
@tovielu5461 2 жыл бұрын
Thank you for the info. It’s very help for the foreigners are want to buy the land in other countries.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@kingsexploits
@kingsexploits 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@turningpointaustralia9531
@turningpointaustralia9531 2 жыл бұрын
Great Video Mate
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@maneemechai4799
@maneemechai4799 2 жыл бұрын
so happy for you guys .nice property .good investment .
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@MsJamiewatt1
@MsJamiewatt1 Жыл бұрын
Thanks freddy gave me some insight thanks jamie
@freddyjingjo
@freddyjingjo Жыл бұрын
Cheers 🙏
@craighoward4446
@craighoward4446 2 жыл бұрын
Thanks for the info
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@hk0born
@hk0born Жыл бұрын
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
@freddyjingjo Жыл бұрын
🙏
@robertw1962
@robertw1962 2 жыл бұрын
Nicely done!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thanks mate 🙏
@bubbleno7
@bubbleno7 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Thank you 🙏 super pleased to see that someone who lives nearby got to see the video
@allanfahrenhorst-jones6118
@allanfahrenhorst-jones6118 23 сағат бұрын
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
@freddyjingjo 22 сағат бұрын
Thank you, appreciate it 🙏
@Lao_bae
@Lao_bae 2 жыл бұрын
Awwwe for your daughter, absolutely reasonable decision.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@user-gu7rm3rf8c
@user-gu7rm3rf8c 2 жыл бұрын
Good luck for your life…Good information.. You are good father and makes cry
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@AllSpace
@AllSpace 2 жыл бұрын
pretty well much said, take the 3 precautions mentioned, its enough to make one think investing
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you for watching 🙏
@RodRockets
@RodRockets Жыл бұрын
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
@freddyjingjo Жыл бұрын
🙏
@LWPowers
@LWPowers 2 жыл бұрын
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
@anasofia8033 2 жыл бұрын
Nice one 👍 lawyer is the best place to start !
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@SmthIcanNvrHave
@SmthIcanNvrHave 2 жыл бұрын
This is solid advice.
@jf4595
@jf4595 2 жыл бұрын
Very nice & peaceful area!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you for watching 🙏
@niwata6908
@niwata6908 2 жыл бұрын
You’ve done the right thing and it’ good for your family.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thanks 🙏
@georgeh1352
@georgeh1352 2 жыл бұрын
Good for you mate, you've done right to give your cute beautiful daughter a legacy near her Thai relatives.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@robertnorkus5582
@robertnorkus5582 Жыл бұрын
Great video
@freddyjingjo
@freddyjingjo Жыл бұрын
Thank you 🙏
@markmeenaghan934
@markmeenaghan934 2 жыл бұрын
Like the back part of the land. Would use that as the entrance. Plant stuff as a sound buffer on main road side.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Good advice 🙏
@Zain792
@Zain792 2 жыл бұрын
More Nong Bua Lam Phu content please, my wife live just few block from where you live, Greating from Bahrain 🇧🇭
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@alexandrerocha1392
@alexandrerocha1392 2 жыл бұрын
Thank you!!!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@ArthurLiotis
@ArthurLiotis 7 ай бұрын
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
@freddyjingjo 7 ай бұрын
Thanks mate 🙏 and wish you well
@ThePt898
@ThePt898 2 жыл бұрын
Hope u r father and ur daughter be happy and stay Thailand forever…with happy enjoy success….
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thanks mate, much appreciated 🙏
@kevinwaters5872
@kevinwaters5872 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Wise words and very true 🙏
@Lao_bae
@Lao_bae 2 жыл бұрын
New house blessing ceremony. Beautiful tradition.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@QuynhNguyen-jq2oj
@QuynhNguyen-jq2oj 2 жыл бұрын
Vietnam the same ..thank you for your make vlogs these ..keep safe
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@wendyon4517
@wendyon4517 Жыл бұрын
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
@freddyjingjo Жыл бұрын
Thank you for your comment, yah I paid for the land.. my work is done here 🙏
@HumanLinkCenter
@HumanLinkCenter Ай бұрын
Good decision...best wishes to Ana
@freddyjingjo
@freddyjingjo Ай бұрын
Thank you 🙏
@dotcom2528
@dotcom2528 Жыл бұрын
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
@freddyjingjo Жыл бұрын
Good advice 👍
@tommylee8865
@tommylee8865 2 жыл бұрын
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😁✌️
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you mate 🙏
@jasenwright1178
@jasenwright1178 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Good advice, cheers 🙏
@hanscarlsson7276
@hanscarlsson7276 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
@@hanscarlsson7276 good advice 🙏
@zohar956
@zohar956 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@bamboozle999
@bamboozle999 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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).
@mojo3772
@mojo3772 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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..
@miketzai9209
@miketzai9209 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
🙏
@bubbleno7
@bubbleno7 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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 👍
@jampasurprenant1794
@jampasurprenant1794 8 ай бұрын
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
@freddyjingjo 8 ай бұрын
If you are born here, all you need is the cash, flash 😮
@bounthavygoytphoneyavong3204
@bounthavygoytphoneyavong3204 2 жыл бұрын
What up... Family ...u smart man...
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@gray2942
@gray2942 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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
@anthony7091 2 жыл бұрын
Usufruct is for life if not operating a business on the land.
@anthony7091
@anthony7091 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
@@anthony7091 thank you for watching 🙏
@LaMaiStyle
@LaMaiStyle 2 жыл бұрын
That seems like a lot of money. In the states, a property lot in a nice subdivision goes for about $80,000.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@llewellynlombard7428
@llewellynlombard7428 Жыл бұрын
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
@freddyjingjo Жыл бұрын
That’s good advice 🙏
@LaMaiStyle
@LaMaiStyle 2 жыл бұрын
I recognize udon airport. Fly in and out to visit family when I’m in Thailand
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@inked-qt
@inked-qt Жыл бұрын
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
@freddyjingjo Жыл бұрын
Yeah I hear you there mate 🙏 it was kinda pricey but now it’s hers forever, what’s done is done ✔️
@johngledhill2970
@johngledhill2970 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Nice mate, wish you good luck. For me land is for daughter, store of value for her.. 🙏
@MsJaqstar
@MsJaqstar 2 жыл бұрын
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
@brunoheggli2888 9 ай бұрын
Or you could forget land and just buy a thailand stock etf and hope for the best!
@freddyjingjo
@freddyjingjo 9 ай бұрын
How did you go a year later?
@tanchye1720
@tanchye1720 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Yeah wow, much respect mate 🙏
@tuffynor
@tuffynor 2 жыл бұрын
Good land smart buy. Busy main road, that land will only increase in value.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Cheers 🙏
@ninjaturtle6106
@ninjaturtle6106 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
🙏
@ninjaturtle6106
@ninjaturtle6106 2 жыл бұрын
@@freddyjingjo I forgot to mention that Native Title lands can be subleased for 30 yrs like in Thailand.
@Nogod14
@Nogod14 5 ай бұрын
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
@freddyjingjo 5 ай бұрын
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 :)
@chiraglucky6271
@chiraglucky6271 2 жыл бұрын
Agree
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@pmrose18
@pmrose18 2 жыл бұрын
Bought 8 rai for 800k ten years ago (100k rai) Hua Hin area, road , electric, water
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Nice one 😆
@mitmobile5755
@mitmobile5755 Жыл бұрын
The Beginning interesting are the Mitel aend the aend 🧐
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@TheArtofEngineering
@TheArtofEngineering 2 жыл бұрын
Isaan is the best... love the food...love the earthy people!!!
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@fl1barrypiper793
@fl1barrypiper793 Жыл бұрын
@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
@freddyjingjo Жыл бұрын
Correct, you are safe for the original term of the lease. Where it gets precarious is when renewing or extending on a new lease
@supersonicsid5930
@supersonicsid5930 2 жыл бұрын
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 .
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you 🙏
@jomontanee
@jomontanee 2 жыл бұрын
Your daughter is so adorable💞💗💕 You just get one new subscriber now! ME!! Ps. A new law of Thailand require you to cultivate something on your land or you will be charged tax hugely.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thanks, the family are planting something or other next month. Works for me 🙏
@clausbohm9807
@clausbohm9807 2 жыл бұрын
Yeh, we own a house and land outside Udon Thani north about 12 Km and off the main road on 2021.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Nice one 🙏
@clausbohm9807
@clausbohm9807 2 жыл бұрын
@@freddyjingjo When I get back I will see if you want to meet up!
@navajo6931
@navajo6931 Жыл бұрын
Nice village I am indigenous Montagnard Jarai I like to visit Thailand one day my sister refugees in Thailand
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@spiki_x6863
@spiki_x6863 Жыл бұрын
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.
@freddyjingjo
@freddyjingjo Жыл бұрын
That’s good advice 🙏 thanks for watching
@dels_sai
@dels_sai 2 жыл бұрын
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🙂
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@canadians2214
@canadians2214 2 жыл бұрын
My comment is how come ex pats buy land in northeast Thailand, because it is cheap. I saw on the map it is way up there near Laos. I surely would not want to live that far away. What you described about the village with a very small population, where do you buy all of your food stuff, and all other commodities. Which probably would be quite expensive. I know my title says Canadians(where I was born and raised) but I am American by (immigration). My American side of me goes back about 200 years. This is about all I have to say. When are you planning the construction of your home, I would to follow along on this process.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Thank you for your comment, no plans to build anything on the land, let alone live there at this stage. Happy to leave all that work to the daughter 🙏 if anything changes we will be sure to document the process here. Thanks again 🙏
@mitmobile5755
@mitmobile5755 Жыл бұрын
1.600m2one Rai 40•40m,Nan400m2 20•20m, Hong 100m2 20•5m
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@jasenwright1178
@jasenwright1178 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
🙏
@Owlerycrinkie0918
@Owlerycrinkie0918 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
@@Owlerycrinkie0918 valid point 🙏
@ebaystars
@ebaystars 2 жыл бұрын
oh yes another horror story
@titiwa5768
@titiwa5768 Жыл бұрын
Reality.
@markdam
@markdam 10 ай бұрын
what is the little parking area and building in back is that als yours?
@freddyjingjo
@freddyjingjo 10 ай бұрын
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
@markdam 10 ай бұрын
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
@Adrian-Insta
@Adrian-Insta 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
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).
@Adrian-Insta
@Adrian-Insta 2 жыл бұрын
@@freddyjingjo thanks, good videos also, thanks
@Faryalfamily
@Faryalfamily Жыл бұрын
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
@freddyjingjo Жыл бұрын
visaguide.world/asia/thailand-visa/citizenship/ 🙏
@Nautilus1972
@Nautilus1972 2 жыл бұрын
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.
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Yup that pretty much sums up the video :) cheers 🙏
@ebaystars
@ebaystars 2 жыл бұрын
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)!
@margarettownsley9500
@margarettownsley9500 Жыл бұрын
Thank you for the video I’ve enjoyed your information at least your daughter will inherit the land I personally don’t have enough trust to put anything in someone else’s name but I understand we are all different
@freddyjingjo
@freddyjingjo Жыл бұрын
🙏
@joet2975
@joet2975 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
Thank you for watching 🙏
@darwinjina
@darwinjina 2 жыл бұрын
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) ;)
@freddyjingjo
@freddyjingjo 2 жыл бұрын
🙏
@CryptoCoinGrowth
@CryptoCoinGrowth 2 жыл бұрын
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
@freddyjingjo 2 жыл бұрын
The target is different for everyone I would imagine 🙏 homework is essential 👍 good luck
@jasenwright1178
@jasenwright1178 2 жыл бұрын
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
@ubonrat8653 2 жыл бұрын
@@paulbarclay4114 No they cannot, you have to be a Thai citizen
@ebaystars
@ebaystars 2 жыл бұрын
yes
@mdsantoro21
@mdsantoro21 2 жыл бұрын
Is it zoned residential or commercial since it’s on the hwy?
@freddyjingjo
@freddyjingjo 2 жыл бұрын
Probably resi
@glennk4827
@glennk4827 2 жыл бұрын
What about a combination between option 2 and option 3. Thai wife buy land, and you lease from Thai wife. She put your name in the book and you are the "owner" for 30 + 30 years?
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