Joined
·
25 Posts
I hope it's ok that I have started a new Thread. I didn't find one that fit my questions and would feel bad hijacking someone elses thread.
Anyway, I have read a few things on this forum that concern me. I'm not sure how accurate they are so I am hoping for some clear and up to date info if possible. My current plan is to retire in Chiang Mai in five years. That will put me and my wife at age 49. We are both American. I have a military retirement. I plan on selling my house and everything in it before we move there permanently which should give me 30-40K equity, plus what we make off selling our furniture. We plan to take a trip over there in about 2-3 years to see if she still thinks she will like it. I have been there once before. Here are my questions/concerns.
If the 800,000 in a bank account is true, and still a requirement (Apx $25,800.00 US) and say I live in Thailand for about 5 years and then decide to move back to the US or elsewhere, how hard/safe is it to get all my money back? I'm not worried about potential loss of interest. I think living there will be amazing enough to make up for that.
Second, once we reach 50 years of age what are the check in and visa run requirements or do they go away or just what is the whole, current deal?
Has anyone, without a Thai wife successfully built a home and not run into any issues when they decided to sell it later? I believe you have to rent the land from someone because non Thais can not own land, but you can rent land then build on it right?(with a lawyer's involvement for safety). :ranger:
Anyway, I have read a few things on this forum that concern me. I'm not sure how accurate they are so I am hoping for some clear and up to date info if possible. My current plan is to retire in Chiang Mai in five years. That will put me and my wife at age 49. We are both American. I have a military retirement. I plan on selling my house and everything in it before we move there permanently which should give me 30-40K equity, plus what we make off selling our furniture. We plan to take a trip over there in about 2-3 years to see if she still thinks she will like it. I have been there once before. Here are my questions/concerns.
If the 800,000 in a bank account is true, and still a requirement (Apx $25,800.00 US) and say I live in Thailand for about 5 years and then decide to move back to the US or elsewhere, how hard/safe is it to get all my money back? I'm not worried about potential loss of interest. I think living there will be amazing enough to make up for that.
Second, once we reach 50 years of age what are the check in and visa run requirements or do they go away or just what is the whole, current deal?
Has anyone, without a Thai wife successfully built a home and not run into any issues when they decided to sell it later? I believe you have to rent the land from someone because non Thais can not own land, but you can rent land then build on it right?(with a lawyer's involvement for safety). :ranger: