You CAN ! Buy Property And LAND In Phuket Thailand 🇹🇭

[@RichieAndMaybelle]

Hope you enjoy the video guys, we can all dream of an amazing sea view property one day 😁 If you would like more info use this link to get in touch: richieandmaybelle.page/

[@lambertwhite]

did you guys fall off the planet??

[@ezmoney14]

Where are you guys?

[@MariaGarcia-gv8hj]

Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment:!,

[@lovetypauline6530]

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.

[@MariaGarcia-gv8hj]

No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.

[@lovetypauline6530]

Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.

[@MariaGarcia-gv8hj]

I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.

[@davidomcculloch3109]

Maria, Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on KZbin videos and attempting to manage my finances on my own hasn't been very effective.

[@JAY-wn2hr]

Meanwhile if you are a member of the European Union. You could buy a beautiful villa in Spain or Portugal for that kind of money. *And it will be in your name without any of the "Thai bureaucracy". And you never have to worry about your visa status ;).

[@eastcoast3557]

Come on, if you had 1.7 million in the bank would you really spend half of it on that place? It really isn't top quality. You've shown a new house in the past video that was your dream home and looked very quality but this is not even close to that level of finishing. I enjoy you videos, cheers from the USA

[@Malongo10]

A foreign individual CANNOT own land in Thailand under any circumstances. You can own the building on the land, but that's a fool's proposition, because the owner of the land can block access or sell the land without your approval. For a foreigner married to a Thai, the land would have to be in the Thai's name, and that has its own associated problems. If there in any hint of a nominee ownership structure, the property can be confiscated by the government (with no recourse) if the Thai partner/owner cannot prove that the payment for the land came directly from them. This applies to both Thai spouses and businesses with 51% Thai ownership. Of course, nominee ownership exists but is legally precarious if the government decides to crack down. When most expats say they own their house, this means that they have a 30 year lease, with two additional 30-year extensions. The two extensions have no legal foundation. A lease can only be registered with the land department for 30 years. No longer than that. There are all sorts of ways to have side deals to protect one's investments, but all of them open you to exposure to the Thai legal system if someone decides to break an agreement. The possibility of winning such cases is extremely low. This applies to married couples where the foreigner loaned the money to buy the land and then made a rental agreement (for 30 years maximum). If the Thai partner cannot prove they paid for the land with their own money, the land can be confiscated. The fact that this does not happen very often does not mean that it can't. Lawyers can advise you on all sorts of deals, but the question is whether these deals will hold up in a court case. Be careful.

[@sandrabentley8111]

@@stevemercedes3692 he's correct.

[@jonathanwilliamson1931]

You have done everything right, everything you have done is on the banks money, When you are spending your own money, you look at things differently. I have been Coming to Phuket for 40 years and never spent a penny on property and lam glad l didn't, the returns in the west have far outstripped Thailand and you legally own it out right. Rent in Thailand, own in the west.

[@timdingleakajacksparrow2748]

Nice view from that big house 🏠! But 27.5 million 😂😂😂Tell him he’s dreaming 😴😱🤔🤣🤣🤣👎🏼

[@brucesnyder690]

27.5 million baht, that's like $833,000. You must be kidding. Retired expat from the US, have lived in Thailand past 4 1/2 years. 4 in Rawai, Phuket. Recently moved. Now way too crowded. Too much traffic, Too many Russians. Will come back fir a visit after high season. Too Too crowded now.

[@kestersolomon2312]

great vid as always Richie, very informative. I appreciate your focus on the Kata area....you live in Paradise

[@dorteandersen526]

Amazing place thanks for sharing 😊

[@freddyjingjo]

Very nice properties, its nice to dream :) Thank you for sharing mate

[@danny_and_diggy]

Woooow!!! Thats an amazing property 😍

[@gary8173]

Thanks for the video!!

[@shaun7638]

Hi Richie i have followed you from your first vlog and it is a great journey you are on to watch and your Maybelle is great...

[@TheBubblewrapboy]

Absolutely stunning location there mate👍

[@thaiwj]

Great video Richie. Your real estate videography is on point! Sorry I've been MIA....we'll stop by soon brother

[@asiaexpat62]

Well, I guess will be the one to state that Non-Thais can not own land in Thailand. A Thai company (only 49% non-Thai ownership allowed) can buy land and non-Thai married to a Thai can get long term leases, not ownership. Just because Phuket has many non-Thai occupants of homes is meaningless. I have lived in various parts of Thailand since 1967 and can assure everyone I have never been allowed to buy land. My wife of 53 years can and however does own land in which I have a long term lease agreement. Recent Chinese gang activity in real estate has uncovered many nominees that buy land for non-Thais and can be unlawful.

[@alfixall]

Love to watch your videos! I will be in Rawai in April for 1 month. Hope to see you at the cafe or elsewhere.

[@travelingman3129]

As a westerner you can not own out right only a condo sellers in phuket will tell you you can but you cant own out right in your name only.

[@paulfiddes551]

I'll take two of those mate awesome video keep up the good work.

[@mangostickyrice555]

Hey Khun Richie 👍Thanks for sharing a couple of places in beautiful Kata however I’ll still take my Surin Beach 🏝️ 🏖️ 555

[@jonathanbridgeman3877]

I love the way your always seeing new ways to make money. Once you start working for yourself your mind gets opened up to new opportunity’s everywhere

[@bipolarpunt5721]

How do you know 80 percent land properties are owned by foreignors? where do you get your property data?

[@rudihenry5298]

His statement is ridiculous, and no you can't own property with exception in a 49/51% occupation.Lease and usufruct are the only legal options to own land

[@happymanvb9064]

Very useful video you are the best 👍🙏

[@perryrumble5469]

Nice one ritchie. One day very soon I'll be back hopfully for a year. That's my kind of house.

[@jadsonoliveira4534]

Awesome video with helpful information. I'm planning to move to Thailand soon. Thank you, Rich. And congratulations on MayBelle's coffee gardens successful business.

[@horsetrader6154]

@CMP REALTY rent bro.

[@foilcap]

Just rent. Do not buy property in Thailand.

[@rachelbunny8561]

Fantastic job we watch your channel every day it’s been a great help coming over in may 2023 to get married in June we would love to come for coffee and say hi all the way from Australia keep up the great work.

[@AndreasinThailand]

wish I would have grab one of the units you are living in when they were being built. missed the boat on those.

[@user-rovvt3]

Ricky Drama-Cheap Charlie. Find them they are topps in YT vlogging they can help you.

[@joanmorgan3758]

Thank you for sharing Richie very informative. So happy the coffee shop is going well for you both 🙏🏽🙏🏽🙏🏽

[@rudihenry5298]

Completely incorrect information about property laws in Thailand.

[@markgaryhogan8883]

How would a farang, after paying 25 million baht (615,000 GBP), own one hundred per cent of his investment in the house and land? Not possible. Thai company? Only 49%; Thai Nominee/Girlfriend/Wife? LOL; 30+30 year Lease? Perhaps the best you can do right now, but not cheap; Usufruct? Not easy to get and difficult to sell, but it guarantees use for your lifetime; Rental in Thailand is the only security you will get as a foreigner, anything else is a gamble. Red or black with your life savings anyone?

[@patrickclark9719]

Great video thanks

[@reisskelly]

The views from the first property, Beautiful!

[@scm4u]

I’m almost 80 (6 months) and Richie is right. All of a sudden you lose your strength and fall to illness. The you have major problem walking.

[@michaelpatrick6808]

Another great vlog. You’re right about putting things off.... we’ve just moved to Udon Thani, through events in U.K. Looking forward to a new life and trips to Phuket our favourite island and a great coffee shop....

[@johngledhill2970]

Always go through the legal channels. I loaned my wife's sister the money with a legal document, she bought the land, then legally leased the land to me, I then built my house and have the Yellow Book, with the bonus of a Thai ID card. I own the house and also the value of the land.

[@offhamsterwheel2789]

so 1 question, if an 'unforntunate event' happens to you, does the lease terminates and building goes back to her? , plus the loan , big risk mate

[@boomme3598]

Better to just rent a place

[@johngledhill2970]

@@lifesabeach5405, you can, but we bought a large piece of land which we split 50/50, the sister is building a house on her half, it was just a matter of convenience. It could be more complicated if it is in the wife's name and you separate, not that it was a consideration on our part.

[@johngledhill2970]

@@offhamsterwheel2789 , if you mean my death, why would I care? Legally the land loan would then become my wife's. If you mean divorce, then like any divorce, you loose 50%.

[@johngledhill2970]

@@boomme3598 , I've never liked the idea of putting my hard earned cash in somebody else's pocket with nothing to show for it, that is why I have 2 large wooden Ayutthaya style houses in Ko Lanta, and a 49% share in a 3 bedroom villa in Phuket, and still have 6 million baht in the bank. Not bad for a truck driver.

[@NickyDunn]

A new string to your bow. Showing real estate. Beautiful villa. A good plot of land. Great video.

[@88jerryw88]

There could be a great opportunity there Richie. You rent a villa for a year at a discount but have it written in the lease that you can sub let on a short term basis as an air bnb. You pick up the difference without buying the place. Alternatively find an investor that wants to put up the money and buy a place then you and Maybelle run it as an airbnb then you and the ownwer split the profits. You get half the profit with very little risk. You two have demonstrated already that you can run a successful business in Thailand. This is already being done in many other places.

[@jamesg3443]

Love your videos, very real. You 2 look so great together, most foreign/Thai couples on here look forced, or not truly happy…. You 2 do. I hope you 2 experience nothing but happiness. I plan on moving there in July, I hope to find someone that I can be as happy with

[@foilcap]

And plan to support her extended family.

[@teresabarberot2506]

Wow! Either of the real estate deals would be a good investment. The one with the pool though would be a dream house. You give good advice. Hello to Maybelle! The Coffee Garden looked nice and busy. 🤗

[@foilcap]

"the real estate deals would be a good investment." That's funny.

[@rudihenry5298]

Completely wrong information about Thais property laws!!!

[@benlupo3431]

keep in mind people that the Thai land tax law 2019 is in effect from 1 Januari 2022. If you register your property as a business or buy vacant non agricultral land you pay 1.3% annually over the value of your assets to local government. Landoffice valuations on Phuket are high!!!.

[@dubsdolby9437]

Lovely places 👌 personally I think phuket is too expensive compared to its competitors ie koh samui Chang Mia pattaya etc. Those places would probably be 30% cheaper, and the area's offer as much if not more than phuket.

[@tonyk9468]

🤠👍

[@satianable]

Very risky better off renting

[@sarahpenrose9681]

Looks amazing , you need to get commission on these property viewings if they get sold

[@tippy8817]

Don't worry, that side of things is sorted.

[@mixalis6168]

Foreigners can buy, i know many, and many do not have Thai spouses !!

[@PaulRLight]

As a foreigner you cannot own the land.

[@satianable]

@@scott8057 correct

[@rudihenry5298]

Complete nonsens. You can't, only usufruct, and lease. Thai LTD with Thais nominees is ILLEGAL

[@markt1563]

You on commission😀yeah I know somebody. Yeah set up a fake company. Just bad advice. What idiot would do that nowadays. Don't buy here unless you can afford to walk away. Anything can happen over here.

[@ollienilson1644]

You think you own it, but it is a Thai company or person who owns 51% of the land. The problem arises when the company or person ceases to exist, or wants to sell.

[@foilcap]

Or your Thai wife just sells and leaves without notice.

[@boredasfuck8369]

308 k a home and an income maybe?

[@allencoffland1685]

a pool on stilts..........that's something new

[@simonnlaroche5438]

Crazy money...walk away as far as possible!!!!!!!!

[@user-hg1sh5hk5f]

Haven't you to be careful in case landowners who own your place want's to turn your place into a Luxurious Home or is your place family owned by your Thai in-laws???????

[@JohnSmith-xx5ou]

27.5 mil on the side of a mountain, a long way from, schools, church, 7/11, family mart, hospitals, concrete stuctures doesn't cost much to build .that's what you call a see view .i take it you would get a huge commission if you find a fool with money to burn ,its miles away from the beach ..ide value that at less than ½ the asking price .sectond property no more than 7 mil .your a bit of a Walter Mitty, opening a sectond maybells, expensive cars ect .anyway dream on. Air bnb is not fully legal here iam sure .

[@holteenddryhurst7448]

Word of advice don't mention helping out in the cafe,hope you understand good luck

[@teckin139]

he has a work permit which he has shown before so what would you be referring to?

[@andrewpower7743]

know your subject before giving advice, saves looking sill

[@andrewpower7743]

@@lifesabeach5405 deflecting

[@gaidin]

Company selling the first property have gone so broke they even dropped their domain...eek

[@matthewharris3993]

27.5 no chance

[@ATIWatchReviews]

I bet that was an amazing feeling leaving the sh*thole UK with nothing but two suitcases and a bank card hahaha. I can't wait for the day that happens to me!

[@gorgeousthailand4748]

You cannot own land in Thailand as a foreigner, but, you can mitigate your liability and secure a 49% share in the house and land. As Richie says, legal help is essential, and from a trusted source.

[@commanderbishop]

You can’t own shares in land either. A Thai can own the land. A foreigner can own the house. Not ideal, that’s why those houses sit empty for years and the fact they are priced at twice actual value.

[@nils4409]

Given the current crackdown on Thai nominees who have opened businesses and bought real estate for the Chinese, I would advise against starting a "Thai company" (49% farang) with the intention of buying a house to own occupancy. Yes I know this is the way it is done and currently condoned, but it is absolutely against Thai law. I expect Thai partners to be verified in the future that they really do have the 51% of the money needed to set up such a company. At the moment there are clever Thai lawyers who hold shares in 1000 or more companies without actually making a deposit.

[@PaulRLight]

Yep. I thought about setting up a company to buy a villa. Everyone says that it's easy. That doesn't make it the right thing to do.

[@markt1563]

Spot on. Those days will be over. Phuket is Thailand😀

[@horsetrader6154]

@@PaulRLight miss jira Hua him got you huh....lol.hahaha.

[@PaulRLight]

@@horsetrader6154 ?

[@grantdavis953]

I have 4 X 25 Rai parcels of land, 5 X 2 Rai parcels of land and built a home. The land ownership is in my 12 year old daughter's name, the house is in my name. I have other property in my wife's name, but that irrelevant to the point. No company either.

[@Mrhappy555]

Your right about one thing , your no expert and your talking a very High risk game. Anyone listening to this considering what he is saying seriously Stop. Never listen to a KZbinr and invest because they are entertaining only

[@gary8173]

In general speaking terms you are correct. Specifically however I know several people who have taken advantage of the loop holes in the law and "own" the land plus the building. It's basically a corporation that the foreigner controls and all board members sign an undated letter of resignation. There are also other safeguards put in place.

[@Mrhappy555]

@@gary8173 most people should never consider investing in another country. It’s very high risk

[@gary8173]

@@Mrhappy555 I agree but investments of $500,000+++ USD are not not geared towards "most" people.

[@gary8173]

@@lifesabeach5405 The sky is falling the sky is falling said Chicken Little!! 😂

[@Mrhappy555]

@@gary8173 let’s agree this is gambling money. 99 percent will probably lose maybe 50 percent on these deals. Thailand is full of people manipulating foreigners. It’s a huge business in Thailand. Manipulation of the ignorant

[@Cal157]

I love Phuket, Ive been going there for 20 years, unfortunately the influx of Russians recently have really spoilt Phuket for me. I was there in Jan and left after 2 days.. Shame.

[@juliegreentree1773]

totally agree

[@sphinxatphuket]

I was in phuket last month . Yes , lots of russian but why spoilt your mood ?

[@lb7034]

So sad

[@tippy8817]

@@sphinxatphuket Mostly rough, loud, thuggish and anti-social. Is that enough?

[@marcusd9192]

@@tippy8817 I'm here now. Loads of Russians, especially in North Phuket. They are not rough, load and thuggish at all. They are very well behaved They are however incredibly antisocial and clannish. Russians put up a barrier, especially men. If you smile and engage them, you will find they will eventually open up and are great people. Smart, funny etc

[@user-dj9nl2vs9x]

Bollox!! Yeah with caveats that 99% cannot or are not willing to meet. Its a non such idea thats wheeled put every few years but goes nowhere! I owned and sold properties over the 17 years I ve been here, all held in Thai Ltd Co, thats about it. Anything else forget it!

[@pietklerkx1814]

Richie , you could be a good Real Estate Agent in Phuket. Love Piet from Holland. I have been following your vlog from the time you met on Pipi.

[@horsetrader6154]

Would be funny if everything this guy has is in his GFs family's name.

[@marzbitenhaussen]

it is crazy to think, that with that amount of money you cannot even buy a small one bedroom apartment in California in a . crime riddle neighborhood with only views of homeless drug camps

[@gregh7457]

not for long. prices are coming down. just have to be patient. hawaii is where prices will fall more than calif

[@rudihenry5298]

You can't own that house as a foreigner. Only lease and usufruct. Thai LTD with Thai nominees is illegal. Richie's real estate advice is completely incorrect.

[@shanefield9115]

just another click bait video

[@Pyriel2]

3:33 how do you know who is the "right" people? You could do some money if you helped people that are scared about the buying of house for a foreigner. 1: HOW to buy without getting legally assfucked later on. What lawyer is good and what lawyer will just take your farang money and screw you. 2: HOW to BUILD your own house on land that you ?? buy, rent, etc? How to do this and be legally protected despite being a foreigner.

[@stumpytkd1774]

Land you cant own ever! Setting up a company no wsy! Stick to buing a condo no land in your name seriously dontdo it😊😊