Greetings
I have been offered an attractive condo at a good price in Pattaya. The only downside to the deal is the building has already filled its foreign ownership quota, so I would not be able to transfer title into my own name (Like most of you, I am a farang!). The condo is already set-up under the name of a Thai company - and the current foreign owner is now willing to transfer control of the company to me.
I have never previously bought a Thai property before, so this is all new to me. Nevertheless, I am sure getting involved in such a Thai company comes with certain risks.
Has anyone on this board had experience in buying property using such a procurement vehicle and if so what is the possible downside of getting involved in such a scheme?