Why would I send money 7000 mile away in hopes of making some money when I can invest 2 miles away and know I will make money on my investment? Keep in mind that real estate is no better than any other investment except for leverage , which you say I can’t do. Why can’t I get a mortgage in Turkey? Is my building going to get blown up?
Actually I am not suggestin you to invest in this market. I am located in Istanbul & just though some info about my local market can be interesting for somebody.
Mortgage is not currently avaliable due to high inflation rate. But as the rate is getting better, soon it is planned to be implemented.
I also would like to hear suggestions for a market that soon mortagage will be implemented.
C’mon blue moon, he’s looking for advice not to be profiled.
From what I have found, I still need to keep my “real” job but rehabbing and landlording are my hobby.
If I could do more of the rehab work myself I could probably break into this full time.
You might want to start with some free basic classes offered by Home Depot.
Beyond that make sure you have a big bank account or a job you can count on for income until you get enough experience.
Just my suggestion and that is if you plan to move here. If you are going to live in Turkey and just invest in the States that is a little more complicated as it would be hard to be hands on. Hope this helped
Wendy