Quote:
Originally Posted by LivinLOS
While I fully agree in 'always cover your ass' thinking Ben is in a stable happy setup and I am sure is thinking that way. However I think Ben was referring to Mim who being a Thai citizen can own anything outright.
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Yep, went back to edit saying wasn't commenting directly on ben, but didn't hit submit button right way. It's there now.
Quote:
Originally Posted by LivinLOS
Also while you have to sign off that you have no claim on the ground you can still own the building, you can also lease the ground back with a guaranteed first purchase clause for even more protection.
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But then you are basically just leasing. But what is the split on married assests anyway? Wouldn't the lease or first purchase clause be half of hers (even if it is coming from here)? Of course then you are getting into the courts which ain't much fun.
I agree the lower end of the farang market/ higher end of thai market is safer (that was the decision I made). I think that one place you mentioned is the exception and that is why you mention it. If Ben's out bargin hunting and holding, it could pay off.
Yet I've had this conversation with my GF. We could buy everything we want under her name, but later could we resale it? That is the problem I see with these now cheap homes that are not leased, but done under a company with the current FBA. For the next few months it is such a wild card. Sure the GF/Wife could still own it and then 30 Year lease it out to a foreign buyer. But most foreigners would be happier (and wiser) to get a lease from a proper thai company than an individual.