Sally-Ann
Tired but happy!
Clever or Crackers - INVESTMENT IN USA
My mum (Freedom 49) and I have something really exciting that we just cant keep to ourselves and where better to share than here with our fellow TLFers!
Being in the property business ourselves we are pretty well informed of the potential of the Turkish buy to let market. At the moment the best return anyone can hope for is 10% net. So what if I told you we have just come up with a deal which nets a 37% return...Yes, thats right, no typo...37% after tax and expenses!
However, this is not in Turkey, it's over in grand ol' USA. I have been doing some research for a good while on what to do with my savings. Mum normally puts hers in a high interest account here in Turkey and I was considering doing the same thing. Then I stumbled over some property listings for American homes and realised that I could easily afford to buy one there and rent it out for a decent profit.
So, in a nutshell, I have found a fabulous company who I trust for various reasons, and they have found me an amazing opportunity to buy not one, but two detached houses in New York State USA. I was originally planning on just buying one but then I told mum and she thought it was a good idea so we upped our budget a little and went in together.
No more worrying about the falling interest rates here in Turkey, now we can sit back, relax and watch the rent come in from our two detached houses! The tenants have been in their homes two and eight years and are settled with no plans to move. The properties are fully managed and well maintained, located on a pretty tree-lined avenue just a twenty minute drive from Lake Ontario. And after all our fees, taxes and other costs we are genuinely looking at a 37% net ROI! It's gobsmacking and I'm so excited I could squeal!!!!:95im:
Being in the property business ourselves we are pretty well informed of the potential of the Turkish buy to let market. At the moment the best return anyone can hope for is 10% net. So what if I told you we have just come up with a deal which nets a 37% return...Yes, thats right, no typo...37% after tax and expenses!
However, this is not in Turkey, it's over in grand ol' USA. I have been doing some research for a good while on what to do with my savings. Mum normally puts hers in a high interest account here in Turkey and I was considering doing the same thing. Then I stumbled over some property listings for American homes and realised that I could easily afford to buy one there and rent it out for a decent profit.
So, in a nutshell, I have found a fabulous company who I trust for various reasons, and they have found me an amazing opportunity to buy not one, but two detached houses in New York State USA. I was originally planning on just buying one but then I told mum and she thought it was a good idea so we upped our budget a little and went in together.
No more worrying about the falling interest rates here in Turkey, now we can sit back, relax and watch the rent come in from our two detached houses! The tenants have been in their homes two and eight years and are settled with no plans to move. The properties are fully managed and well maintained, located on a pretty tree-lined avenue just a twenty minute drive from Lake Ontario. And after all our fees, taxes and other costs we are genuinely looking at a 37% net ROI! It's gobsmacking and I'm so excited I could squeal!!!!:95im: