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Originally Posted by gez
I bought my first flat with a workmate as it was the only way we could afford to get on the property ladder (we weren't poofters  ). As we were moving our stuff in I discovered just how much of a prat he was. He obviously thought the same of me  'cos he moved out within a year and bought his own place due to a massive help from his parents.
I'd never buy a property again with anybody. Either 100% myself or not at all. Buying in a foreign land miles away will only add to your problems.
You don't seem to have any definite timescales e.g. ''I'm retiring in 3 years time''. Sounds like a bit of a pipedream to me and personally speaking, until you have retired and spent a few months in Thailand, I think it would be best left as that.
Who will look after the place whilst you are not there? How many months a year will it be used by you and your friend? What if you both want to be there at Christmas time? etc. etc. |
As i did state at the minute its more of an idea than an actual plan. Ok basicaly we had the plan to use it as a holiday place for either of us to use as and when we wanted. The plan was that after purchasing it was to lease it out to an agency (although i am not sure if that is a practical option) with the theory of making some money on it while we were not using it. I am nowhere near retirement age and nor is my friend so really that wouldnt happen for at least another 25 years. After we had spent enough time out there and one of us wanted to stay and the other wanted to sell then obviously the only option there is to buy the other one out. As we have been friends for god knows how long and the problems we have had between are us are nil i couldnt see that being a problem.
Obviously there is a heck of a lot of research to do first. The idea of coming on here was really to see what advice we could get and what solutions there could be for our problems. As i said i am not 100% sure our option is viable as i have read some of thai law and the whole thing looks complicated to say the least.
Thanks for the advice about reading expacts comments (i actually never thought of that
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Any advice on this or specifics on thai law would be grateful. I am by far no expert on that so what ever help you could offer me would be good. If i /we do decide to go ahead with it then i will deffinatly be looking for more advice. Unfortunatly it might take a little while before things really get in motion. This is really to see what is possiable and whats not.
Thanks for your help guys