Need Motivation? 71 Year Old is SUPER FIT! Loving Life in Thailand

Author: bigbuddhaphuket  |  Category: retiring in thailand

Alfred is a 71 year old UK native that shows how easy it is to walk up 1237 Steps – in 17 Minutes. Alfred is an incredibly motivational person to know. He’s driven to accomplish things physically that most people his age can’t even dream about for themselves. Heck, most 18 year olds can’t climb 1237 steps up a mountain in 17 minutes. This is the first of a series I’ll be doing on Alfred here and at some of my other sites. He motivates me to look forward to my 60’s and 70’s as a time where I can be turning everyone’s head by flying up mountains and running races. I don’t ever want to be someone sitting in a wheelchair at 70, or playing Bingo or watching TV. Alfred has the right outlook – go for it while you can. Living in Thailand affords anyone this opportunity. If you have as little as 0 per month coming in for your retirement check you can live very well in Thailand. No joke. I lived on 0 per month for 18 months… WITH my girlfriend, now wife. Amazing yes?

Swiss retire and move to Thailand

Author: thailandretire  |  Category: retire in thailand

Spain used to be a dream destination for many pensioners looking for a retreat in their twilight years. But when Costa Brava became Costa Lotta, many Swiss turned their backs on Spain and escaped to Thailand instead. (SF/swissinfo.ch)

Golf Course Properties Are A Dream Come True For Serious Golfers

Author: Josephine Claire Telbolter  |  Category: living in thailand

Foreigners often cannot obtain a mortgage from local Thai banks to finance the purchase of their Thailand property investment. Almost all of the monetary institutions in Thailand provide loans for property purchases to Thais and Thai firms. In recent years Bangkok Bank ( Singapore ) has had a loan program for foreigners with qualification being similar to that in the west. You complete an application, submit evidence of revenue, tax returns and other paperwork.

With this programme, purchasers can finance up to seventy pc of the purchase cost of the home. The difficulty with this program is that it hasn’t been solidly offered, and as of this writing the program has been postponed. In some resort areas like Pattaya, local banks have begun to design loan programs for foreigners who live and work in Thailand. Kasikorn Bank, as an example, permits foreigners who possess a work permit for 2 or even more years to obtain mortgage financing for at least 50% of the value of the subject property. This program was just launched early 2010. With the existing global finance situation you are best to look into your options at once with Kasikorn Bank, Bangkok Bank ( Singapore ) and other lending institutions to figure out the existing standing of any loan programs which could be available for foreigners. If you cannot get a Thailand mortgage to buy your dream property in Thailand, don’t worry. One or two options are available to you. Developer financing has become more common in Thailand during the last two years.

Deals ranging from 2-year to ten year financing are available to purchasers of new Thailand homes and condos. These financing deals are available directly from the developers. As a consequence, the anatomy of each deal varies. An instance of such a program is The Meadows, a housing project in Pattaya. The developer offers 50% 3-year financing at 8% per annum. Although the loan duration for many programs isn’t as long as traditional mortgages in America and Europe, such programs are helpful. Be leery of offers for “free financing ” or “0% interest”. Clearly the purchase price under these scenarios has been inflated to cover the cost of capital to the developer. It’s smart to barter the absolute best purchase price then negotiate the financing deal separate from the price . Make sure you have a clear evidence of the market and market costs before agreeing to a financing arrangement. Individual property owners have lately become more open to extending financing to buyers of Thailand houses and condos as a means to excite interest in their resale property. Under such an arrangement, the purchaser and seller sign both a purchase and sale agreement and a promissory note.

If you are working with a property agent, let them know you need financing. They will likely have some stock of properties where sellers are extending payment terms. If you’re negotiating at once with the seller, simply ask them if they are willing to accept payment terms for an outlined period and IR. As with developer financing, barter the purchase price separate from the terms and conditions of the loan. Vital to note is the undeniable fact that the vendor may continue to hold the title deed ( Chanote ) to the property till the loan repayment is made in full. Ensure your barrister reviews your deal and ensures that all documents are updated and properly protected to protect your investment. There are typically two other choices available to foreigners to finance their Thailand house or apartment purchase. Historically, many foreign consumers had taken a mortgage against their property in their home states. This is more difficult than ever given the economic crisis, yet still an option for some. Again, check with your local bank to figure out what programs are available to you.

In some examples, the Thai spouse of a foreign nationwide may qualify for a mortgage. In such event, the sale and purchase agreement would be executed by the Thai partner. If the foreign nationwide is funding a substantial chunk of the cost, the foreign countrywide should register a long term lease in his / her very own name. Consult with your solicitor to reduce the tax implications of such an investment structure. You may also use a lease structure to make your desired property affordable. Available structures include lease with the choice to buy and long term leases. Any lease for a term of more than three years can be registered on the title deed at the land office, thus making a property right as well as a contractual right to grab the house or condominium. Most local Thai counsels can handle this exchange on your behalf for a small charge.

For the latest golf course properties and investment real estate in and around Thailand. Source: flats in bangkok

Can a US Citizen own a business in Thailand?

Author: bigbuddhaphuket  |  Category: business in thailand
business in thailand
Resistance Training asked:

I would like to open a business in Thailand. Can a US Citizen be a shareholder or owner of a Thai Company? Where can I find information about registering a Thai business?

Living in Thailand

Buying a business in Thailand – Work permit?

Author: bigbuddhaphuket  |  Category: business in thailand
business in thailand
theking K asked:

Hello, if I buy a small business in Thailand, can I live there legally? I’m thinking about buying a small business in Bangkok.

How to retire in Thailand

Buying a Car in Thailand

Author: thailandretire  |  Category: living in thailand
retire in thailand
George Dowhan asked:

After I arrived in Chiang Mai and lived here for several months I never even considered driving here and never had any thoughts of buying a motor vehicle. Why? Because the traffic seemed just too busy with vendors with carts, bicycles, motorbikes weaving in and out, drivers of cars and trucks not adhering to the rules of the road and with dogs laying out in the streets reluctant to move. And this is from a person who has driven a car since he was 18 years of age.

My means of transportation when I first arrived was the tuk tuk (or touk touk) which is three wheeled motorcycle with a small bench seat at back covered by a canopy. Either that or a red taxi which is pick up truck with two bench seats placed in back and also a canopy. It was red taxi or tuk tuk at first and then on the back of my girlfriends motorbike. It may look at bit odd but it isn’t uncommon here. A lady weighing 40 kilos driving the honda motorbike powered by a 100 cc engine with a big farang “foreigner” sitting on the back of the motorbike.

But then the time came where we needed to rent a car. We wanted to go to Myanmar and this gave me a chance to get my retirement visa stamped close to the one year period of it’s issue date. As the drive would commence at about 4 a.m. in the morning and be primarily highway driving I agreed to rent a car. The car was remted from North Wheels. As usual in my meticulous ways I checked every rental place I could here in Chiang Mai. Prices were close and North Wheels won it. They had the largest fleet, the best insurance, free pick up, and 24 hr. service in case of trouble. Some of their competitors had marginally lower prices but I think it is because there cars are older.

Well it took a little getting used to. First of all where I am from the steering wheel is on the left side of the car and not the right side and the shifter on my right hand side and not on my left as is common here. Also I have to drive on the left side of the road. But off we went and we made it there and returned in once piece. It was about a 4 1/2 drive there and same coming back. Not that much traffic but what you will find is that for half the trip there is nowhere to pass. You will witness reckless drivers passing on turns and up and down hills where they shouldn’t because they cannot see far enough ahead. The trip is up and some hilly terrain- very hilly.

Will you need to rent a car?

The climate here in Chiang Mai is either warm or hot during the day and warm or cool at night. I arrived on November 23 and during the first 3 months I did not see a drop of rain. It was sunny every day, warm during the day and pleasantly cool in the evenings and at night. If you were sleeping with the window open you would require a blanket.

My girlfriend told me that the time would come where we would get rain every day. Hmmm. She must be exaggerating I thought to myself. Perhaps rain every 2 or 3 days but not “every” day.

Well I was proven wrong. Starting in May we got rain every day. At times a quick shower during what seemed like the same time each day and ocassionaly a continuous rainfall. It was at this time that I realized that we should buy a motor vehicle. The drive on the motorbike at the time to here beauty salon was just too far and with rainfall it took even longer. The other consideration was that when we went shopping for groceries we were buying for 4 of us. Her mother, her daughter, her and me. A fair bit of groceries to carry by a big farang on a motorbike. So I went to look at cars or should I say trucks. Motorbikes outnumber cars here about 3-4 to 1 and trucks outnumber cars here by about 7-8 to 1 reason being is that they are taxed less than cars and therefore more affordable.

First of all I went to Nissan to look at their new trucks. The prices ranged from about 360,000 baht or $9,700 U.S. for a truck with one row of seating for 3 people. For seating front and rear for 5 people the price was approximately 460,000 baht or #12,200 U.S. Excellent prices if you are used to buying vehicles in North America. The price gets even better once you take into consideration that the price for the larger vehicle with seating for 5 ncludes first class insurance for one year, it includes a front bumber, rear bumber, includes the alumiunum castings on the side that you would step on to get in and out of the vehicle and a liner for the turck body and also an attachment where someone inside of the body of the truck could hold on to when they are standing up. All in all lots of extras and a great price.

I almost went ahead with that purchase. Now keep in mind that the most popular vehicles makes here are Toyota, Isuzu, Mitsubishi, then Nissan and then Ford way down the list. We decided to look at used vehicles probably because I thought either I or Wan who had yet to learn to drive and would be driving the vehicle may bang up the truck. At one of the dealerships they did an impeccable job of preparing the vehicles. They were cleaned inside and out and including the engine and engine compartment. The color was good as was the mileage which was only 17,000 km. at a price of 400,000 baht. We added the front and rear bumpers for about 4,000 baht and we were ready to cruise. /p>

The truck is mainly used to drive Mommie to school and for grocery shopping. On ocassion we make a trip to the hot springs or reservoir.

So what have I learned that I can pass on:

1/ If you come here on vacation you will probably not need a rented car unless you plan on seeing the sights out of town. If you come here to live long term you may want to buy a vehicle and probably a pick up because of the price. But chances are you will need it that often and you can get by on a motorbike and renting a car on ocassion. That is the case if you live here alone. Should you meet a lady then things change and you may want to buy a vehicle.

2/ Buy a used pick up as the driving will take getting used to and it may get banged up by you or by your girlfriend who may want to learn to drive it.

3/ Buy a popular make as it is easier getting service. So a Isuzu, Mitsubishi, or Toyota pick up or a Honda car. The driving is alot easier for you and the girlfriend or wife if you have an automatic. Hard to find but keep it in mind.

4/ Stay with a small engine as most of the driving will be city driving and you do not need the horsepower. Keep the money in your pocket as the oil Sheiks have enough of our money.

5/ I decided on getting auto insurance and it cost me about 19,000 baht or about $500 U.S. for a year. After one year the insurance contacted me and said if I wanted to renew the rate would be 30% less as I did not have any claims. What? Are they nuts? Don’t they know that in North America if you do not have any claims and have an impeccable driving record for SIX YEARS that the insurance companies will still increase your rates. So this is your call. If you do not feel that comfortable with the traffic then get the insurance and especially if the girlfriend or wife will also be a driver. After a year you can decide to renew or drop. There is a mandatory insurance here for motor vehicles. If I remember correctly it costs about 1-2,000 baht or $30-$55 U.S. and doesn’t cover much but it is mandatory. And should you decide to sell your vehicle and if you have insurance remaining you will not get a refund from the insurance company but rather the insurance is carried forward to the new owner. So that being the case you can ask more for vehicle.

6/ I have written an article about driving here in Chiang Mai. If you want to rent a car or thinking about buying a vehicle I suggest you read the article over.

7/ The driving here some getting used to. But once you do it is reasonably easy. You have to watch for vehicles running red lights VERY COMMON here. You have to watch for vehicles passing where they shouldn’t and expecting you to move out of your lane- VERY COMMON here. You have to watch for vendor, dogs, motorbikes, and more but I have faith in you. If I can do it anybody can do it.

8/ I am recommending North Wheels Rent A Car. Largest fleet, best insurance, newer vehicles and they know how to treat their customers. Recently I decided to recommend a few of the service providers in Chiang Mai. If you are a visitor you can spend half of your time checking out hotels, car rentals, restaurants, and the like. Best to spend it on having a good time and take my recommendations in good faith. My goal is to see that you have a good time here. Good enough to decide to return here in your retirement.

If you are interested in vacationing in, retiring to Thailand or Chiang Mai then you should visit a website designed to help people by providing interesting and essential information and also deals on accommodations and vacation packages.

Just visit:

http://www.retire-on-550-month.com

Retiring in Thailand

How to live in Thailand (Not Retiring)?

Author: Mook  |  Category: living in thailand, moving to thailand, teaching in thailand
retire in thailand
Banner T asked:

Im not retiring or anything. I am just wondering how to live in thailand my whole life. Im thinking about moving there after college and teaching their. So, what do I need to do to live there?

Living in Thailand

Buying a business in Thailand – Work permit?

Author: thailandretire  |  Category: business in thailand, living in thailand
business in thailand
theking K asked:

Hello, if I buy a small business in Thailand, can I live there legally? I’m thinking about buying a small business in Bangkok.

Retire in Thailand

How much money do i need to bring to Thailand?How much money do I need to bring to Thailand for 2 months?

Author: thailandretire  |  Category: living expenses in thailand, living in thailand
girlfriend in thailand
Ben H asked:

Me and my girlfriend are travailing Thailand for 2 months in the summer.

We are planning to live a modest lifestyle staying in average hostile accommodation with maybe the odd trek or activity loaded in.

How much money do you think we will each need?

Thanks

Retirement in Thailand

moving to thailand what things should i bring and what thing should i not bring?

Author: Mook  |  Category: moving to thailand
moving to thailand
Sennin asked:

Im moving to thailand oct 25 and living there for a year. i have everything all figured out except im not sure on what to bring and what not to bring with me so any help would be much appreciated. thanx

Living in Thailand