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BarrieSawadee

Will I have enough to Live in Udon Thani with this

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Hiya a bit of advice needed if possible Please

I am not sure if I have posted this correctly so My apologies in advance wink.png

Ok this is My situation/Question

I have recently bought 3.5 Rai about 20 Kms outside of Udon Thani

I will be building House,Pool,1.5 Rai for some fresh produce and Fish for Personal Consumption

Solar Powered Pumps for Watering the Land and For The Main Well

1 Jeep and 2 Motorcycles

all of the above will be already Paid for

I will be 45 next Year and I have a Fully Paid For Property in the UK worth about 110000 GBP and about 40000 GBP in the Bank

Do any of You think that I would have enough to Live on for the rest of My Days if I

1 Rented My House in the UK out for 250000 THB Per Year and used interest/Played the Currency Exchange/Minimal Risk Investments (Headaches to come with renting ?)

2 Sold My House in The UK and used interest/Currency Exchange/Minimal Risk Investments

I eat Issan Food and pretty much Live the Thai way Except for some Western Comforts in the House and I don`t drink that much at all these Days

I Woiuld Hope to Live There in about 12 Months Time

Your thoughts Please I hope that I am not being that Naïve wub.png

Kop Khun Kap

Barrie

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........Probably depends on if your partner/wife is high or low maintenance, working etc.

Personally I would not 'burn my bridges' by selling my UK property.

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No GF not Working Possibilities with earning some Extra Income though.Extremely Low Maintenance She always has been and that`s Living in the UK as Well.Just worried about Problems with Renting out accommodation and having it Vacant at all.

I think that We could Probably get by on Interest alone it`s just obviously a long Term thing without really knowing the Future Economy Etc.

I know I am just Wanting Christmas to come early and all and I really don`t expect to return back to the UK to live again biggrin.png

Thanks for Your reply though

Cheers

Barrie

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Be careful about burning bridges to your home country . I did it , sold my house but regret it now even if I have interests and enough money in the bank ,

Just rent out your property and live on the income and interests,

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Rather than sell your property, is renting it and using the income an option ?? That way you've got both an income stream, and the property in the UK should you ever need to return (medical treatment ??). Good luck, SM

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Oh dear oh dear....so you are not married? and you have bought the land in your gf's name? Don't sell your Uk house, If things go 'belly up' with you and your gf, you will need your house in the Uk, you will own nothing in Thailand....just be careful what you buy out of the marriage, it will be very difficult, if not impossible to get any of it back....chok dee

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Oh dear oh dear....so you are not married? and you have bought the land in your gf's name? Don't sell your Uk house, If things go 'belly up' with you and your gf, you will need your house in the Uk, you will own nothing in Thailand....just be careful what you buy out of the marriage, it will be very difficult, if not impossible to get any of it back....chok dee

Hiya Ghostnigel

Yeah fair point I ain`t quite that Mad Yet though

Put small deposit on Land which We are Paying up in Full on Our next Visit also intending to Marry then

We have been together for quite a Few Years now and We do know each other pretty well

I am unsure Whether to Marry just before Land Purchase or after though Your Thoughts ?

I read somewhere that it was better for Me if things went wrong that She had Possessions before We Wed ? doesn`t sound right to Me either

30 Year Lease Will also be put in place at time of Land Payment/Signing as Well

Cheers Again

Barrie

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Be careful about burning bridges to your home country . I did it , sold my house but regret it now even if I have interests and enough money in the bank ,

Just rent out your property and live on the income and interests,

Hiya balo

Thanks for the reply

We would intend to fly back once a Year as I have got a lot of Family over here(Accomodation to stay in biggrin.png )

Are You saying that I would not necessarily be Crazy to make the move in My current circumstances

Cheers Barrie

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I have to assume you have a Thai lady first.

Before jumping in financially make sure the relationship is rock solid (the rose colored glasses come off).

Once the relationship is time tested then commit yourself a bit more financially but only as much as you can afford to lose should things "go south".

This is Thailand and many farangs get stung badly the first time around. (some many times)

New car, motorbikes, house and land all at once sounds like a giant leap of faith for a newcomer to Thailand. If you proceed get as much as possible in your name or under your control.

Don't burn your bridges in the UK until you are very comfortable with your relationship and Thailand - conditions can change.

At 45 - visa options?

The 30 year lease wouldn't be fun if you were surrounded by a bitter family - it may even be hazardous to your health???

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Rather than sell your property, is renting it and using the income an option ?? That way you've got both an income stream, and the property in the UK should you ever need to return (medical treatment ??). Good luck, SM

Hiya SM

Thanks for the reply

That was one of the scenarios in the original post

I am just a little bit worried about any problems with the House/being Vacant at times etc.

As far as Medical things go I was hoping to use Medivcal insurance and I have heard that the Medical Treatment Standards are quite high over there ?

Do You think that I would not be Crazy either way if I made the move in My current situation ?

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I have to assume you have a Thai lady first.

Before jumping in financially make sure the relationship is rock solid (the rose colored glasses come off).

Once the relationship is time tested then commit yourself a bit more financially but only as much as you can afford to lose should things "go south".

This is Thailand and many farangs get stung badly the first time around. (some many times)

New car, motorbikes, house and land all at once sounds like a giant leap of faith for a newcomer to Thailand. If you proceed get as much as possible in your name or under your control.

Don't burn your bridges in the UK until you are very comfortable with your relationship and Thailand - conditions can change.

At 45 - visa options?

The 30 year lease wouldn't be fun if you were surrounded by a bitter family - it may even be hazardous to your health???

Hiya Gerry

Thanks for all Your Info

Yep She is a She even checked for the Ex Kathoey and everything bah.gif

Fortunately I have been reading these Forums and other sources of information for Years now and every time We are over there

I am testing the situations over and over

I know things can change I do currently though have an awesome relationship with all of Her Family

Yeah I accept that with the Vehicles I just feel I will need Transport and generally in Life if I am going to do something I do it Full Commitment (I even know where I am doing My Monk Hood already clap2.gif )

And My Thai is Nit Noi and getting better

She to be Fair has always wanted Me to wear the trousers unbelievably and insists on things being in My name etc. and I fell in love with Thailand Years ago and nothing has changed through time except for I love it even more

We bought the Land about 20 Kms away from the Family just to have some space (would that ever be far enough ?) And Visa options Yeah not many at the Moment just Marriage Visa and Visa runs I guess

Do You feel that I would be able to make the move in My current situation though ? and I really do take on board everything You have said

Cheers Barrie

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I would not be selling a house in the UK if i was in your shoes(not this early on). staying in Thailand for a few months is fine but at the tender age of 45, can you see yourself living the lifestyle you describe for the next 30+ years, i have stayed with friends in that area, most were around 60 and frankly they were bored, most had been there 5+ years. It also depends on your skills, can you get a job if you return to the uk, at 45?, Also if things did go wrong a few years down the line, the 30 lease on the building will be a millstone round your neck,unable to move on or sell, you will be leaving with nothing. take your time,

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You say you are aged 45, so you have 5 years before you can get a o/a visa and retire to Thailand,and take out a 30 year lease on the house build completed,which does not include the land !

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All good advice given IMO and I'd like to ask one question of the OP.

Living FULL TIME in LOS is vastly different from holidays or even from people leaving to work shifts in other countries. I retired here at 48 and did nothing for a fair few years (except get into trouble! 555). I now work full time (again) and it's actually much better.

My question then.......

What are you going to do with yourself @ 45yo ?

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Barrie. Things will never be in your name. You are not thai. Marry sooner than later. In UK if possible, then appy for marriage visa. Would not sell you stuff in UK till after 10 years of marriage.

Read lots of build houses on land and bye bye from gf or divorce from new wife. The Thai keeps everything, its the law here.

There are good stories too. I've been married to the tw for 45 years. House in ubon and house in Dallas.

Don't invest what you can't leave. After living here a couple of years the wife can't put up with her own country.

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