How to buy Real Estate in Istanbul for the Turkish Passport

2024 ж. 13 Мам.

8 767 Рет қаралды

My Canadian Istanbul realtor Keith showed me a few properties he feels are much better investments than the typical new buildings that companies typically try to sell for the Turkish citizenship by investment. He recommends to invest in the secondary market.
📌 Contact Keith, my real estate buyer's agent in Istanbul who can find great deals on the secondary market: thewanderinginvestor.com/serv...
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00:00 Introduction
00:50 #1 mistake to avoid when doing the Turkish citizenship by investment program
02:00 Case study with cap rates of first istanbul apartment
09:50 Case study with rental yields of second istanbul property in Sisli
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.

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📌 Meet Keith, my real estate buyer's agent in Istanbul who can find great deals on the secondary market: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-and-renovation-team-in-istanbul 🇹🇷 Istanbul Real Estate Market Guide: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-istanbul-turkey-overview-and-what-to-watch-out-for/
@TheWanderingInvestor7 ай бұрын
I've been watching hundred of channels about this kind of things. But I have to admit that this is the only one channel makes me feel the transparency. It is the first channel that reveals all the honest numbers. Thank you very much and keep up with great work!!!
@asiaticonaeuropa5 ай бұрын
- Thank you
  @TheWanderingInvestor5 ай бұрын
Just make sure your realtor actually gets you to 400k, so you don't have an albatross around your neck! Also be very careful with what attorney you hire. I had a couple of attorneys that had no problem embezzling money from me. Turkey doesn't have the same rule of law as the US or EU does.
@mjhmn7 ай бұрын
- Well pointed out.
  @Molloy19515 ай бұрын
- So who do you recommend? because I'm interested in buying.
  @samuweljon40015 ай бұрын
Appreciate your video! Thanks
@travelingfamily18594 ай бұрын
Brilliant info this one... turkey to me is one of the most underrated countries in the world... insane value for money I don't know i've seen matched anywhere else... ever!
@josephgerrardselfdefence7 ай бұрын
One more thing: I invested almost 500k and haven't made one penny in profit. The rental amounts in Turkey are not good, and you lose quite a bit on repairs. Turkey is a poor market for rental yields. Also, watch out who your property manager is; they may get you a tenant who's paying below-market rent but paying a person like Keith a broker-fee premium.
@mjhmn7 ай бұрын
- If you could go back in time, would you do it again? If so, what would you differently.
  @brianpour2927 ай бұрын
- @@brianpour292 Let me first say that Ladislas is an awesome guy, one of the few honest, good people out there in this area. I need to bite my tongue to a certain extent. But this has been an awful experience, especially considering attorney embezzlement, incompetence, and no rental yield. The only thing for you is how much do you want the Turkish passport? Egypt and Turkey are the only passports you can get and maybe make a profit. Good luck to you.
  @mjhmn7 ай бұрын
- @@mjhmn i really appreciate your reply. I am in search of a property in turkey but i fear it may be a mistake. The business deals are not always in favor of both parties. Hardships cause people to take advantage of the unknowing (me).
  @brianpour2927 ай бұрын
- @@brianpour292 I hear you. You're certainly a sophisticated investor since you're watching Ladislas's channel. Turkey is not the same as the US/EU. You will face much greater risks because you're a foreigner. This is why the US is still the main flight to safety for most of the world's wealthy. I originally got involved in Turkey when it was 250k for CBI. I've invested over 475k and didn't reach the 400k CBI number because of the gross incompetence of my real estate agent. I now have an albatross that I'm trying to fix. This is why I definitely feel for your business dealing concern. It is not talked about much but the Turkish real estate market is in bad shape right now. Nothing is selling; it's definitely a buyer's market. You could get a good deal if you hold for the CBI period. But Turkey has lots of systemic problems, and there isn't the same rule of law. If you want to diversify into international real estate, talk to Ladislas and pick his brain about the best markets to invest in. Turkish CBI is a good geopolitical hedge. If you want that hedge and have the 400k available (and don't care much about yield), it could be worth it if you're willing to endure some pain.
  @mjhmn7 ай бұрын
- You are right！Keith is bullshitting about getting rent $1400 for that flat in Sisli. I can get much better property in Sariyer on the bosphorus cheaper than in a shity Sisli area.
  @investglobal07075 ай бұрын
As usual informative video, and big K looking good in pink 👍
@ismailjanahi17197 ай бұрын
- 😅
  @TheWanderingInvestor7 ай бұрын
Great video, very thorough reviews!
@wise1beats7 ай бұрын
- Thank you 👍🙏
  @TheWanderingInvestor7 ай бұрын
Ladislas and Keith, my favorite team. Hit it out of the park again.
@disndat10007 ай бұрын
- ⚾️
  @TheWanderingInvestor7 ай бұрын
Great video , keith is the master of istanbul real estate 🙌🏻
@michelangelo10747 ай бұрын
- Hi do you know Keith's website please
  @dvillafane64777 ай бұрын
- Send to me
  @dvillafane64777 ай бұрын
Ladislas, in your property assessments could you also shed light on the issue of infrastructure and environmental issues, such as electrical lines, water supply, plumbing in older buildings in these countries, noise, local safety concerns, etc .? Also the fact of locations with alot of steps, hills, stony roads, broken sidewalks, etc. wouldn't be positive draws for older people.
@dovygoodguy12967 ай бұрын
- Well pointed out.
  @Molloy19515 ай бұрын
A great video as always. Just one thing - i believe the government restricted the areas which still qualify for citizenship by investment, Istanbul being completely excluded now (due to the pressure on the property prices with the inflow of foreign cash squeezing locals out of the market). I would love to hear your comment.
@rokziherl44907 ай бұрын
- These restrictions are only for the residency by investment and leasing programs. Citizenship by investment applicants can still buy wherever they want in Turkey.
  @TheWanderingInvestor7 ай бұрын
Young Turkish people will not buy an apartment without a parking lot. Don't forget this if you plan to sell it in the future. Another point: if you intend to use this place as a vacation pad, forget about it. It's far from all the interesting places, public transportation is poor, there is no ride-hailing services in Turkey, and taxi services are appalling in Istanbul. All in all, these places don't look like an attractive investment. I would never invest in it.
@Molloy19515 ай бұрын
Hi Keith:).
@thespiritualcapitalist6267 ай бұрын
What about sellers "under-declaring" the value (putting you under 400k)?
@leopercipied27417 ай бұрын
- Happens a lot. You need to negotiate for this not to happen, or else move on to another property.
  @TheWanderingInvestor7 ай бұрын
Dope video
@Themba12227 ай бұрын
@3:32: the bedroom looks very small. Is it possible to fit a bed in this bedroom?
@asiaticonaeuropa5 ай бұрын
- Yes. Maybe a desk or a small bed for a child.
  @TheWanderingInvestor5 ай бұрын
if I will choose to buy brand condominium is istanbul CBD area let's say $500k, how many bedrooms can I get with a car park?
@micomarinas27537 ай бұрын
- 2
  @TheWanderingInvestor7 ай бұрын
- @micomarinas2753 I guarantee you can find at least 4 bedroom flat with that amount
  @mertkarabelli76092 ай бұрын
But I think rule changed and need to buy only single property to get the citizenship, right ?
@walidalsharabi8585 ай бұрын
- No. Multiple properties still qualify.
  @TheWanderingInvestor5 ай бұрын
Do you know if I can pay with crypto? I have purchased in Dubai using my Crypto but not sure if its possible in Turkey...
@SinghCapital5 ай бұрын
- Yes. You can cash out your crypto physically in Turkey and buy with cash. Keith can help.
  @TheWanderingInvestor5 ай бұрын
- @@TheWanderingInvestor Thank you, will get in touch soon.
  @SinghCapital5 ай бұрын
Keith is in a different planet😂 where did he get the prices for those flats based on earthquake line with unachievable rental yields.Plus property market is dead at the moment.
@investglobal07075 ай бұрын
Why on earth would anyone invest in order to obtain a Turkish passport?
@starb01465 сағат бұрын
Some issues that i feel should be addressed include the crazy inflation( affects rental income)and the build quality to withstand an earthquake.
@neonomad19397 ай бұрын
- Yes. You’re right. They get addressed in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-istanbul-turkey-overview-and-what-to-watch-out-for/
  @TheWanderingInvestor7 ай бұрын
- @@TheWanderingInvestor It's a thoroughly researched and informed article. I always wondered why the local resell market was much cheaper though. How risky are off-plan projects?
  @neonomad19397 ай бұрын
- @@neonomad1939 the smaller developers are riskier than the proven ones. Some go bust. Most don’t. But there are often issues with finishes.
  @TheWanderingInvestor7 ай бұрын
Ladislas, I take seriously everything you discuss in your eminently produced videos. But I just can't get my head around Turkey being "the place" as compared for example, to Uruguay or Paraguay, given Turkey being in the nexus of constant earthquakes, potential war with Greece, caught between NATO and Russia, Kurdish rebellion and potential war involving Israel.
@dovygoodguy12967 ай бұрын
- Did I ever say it’s “the place”? It’s “a place”. And you can’t buy the passport in Uruguay and Paraguay.
  @TheWanderingInvestor7 ай бұрын
- @@TheWanderingInvestor Videos about Turkey are definitely positive as a place of investment. I'm just raising questions.....
  @dovygoodguy12967 ай бұрын
- @@dovygoodguy1296 Complimentary. But yes, Turkey is certainly not the silver bullet. It will get caught up in a lot of negative headlines.
  @TheWanderingInvestor7 ай бұрын
Interesting. Ive been watching Turkey for a long time but i think for 5% youll better off with bonds
@tiborveres68117 ай бұрын
- I understand. The play is rather citizenship 👍
  @TheWanderingInvestor7 ай бұрын
Wish someone can buy for me..
@waxzee71932 ай бұрын
10:50 WHY? Why is it cheap. Well because it has no elevator. That is a even bigger deal breaker when talking about familities or multi generation households. Sometimes you are ridiculous. Most of your info is good tho
@Telencephelon4 ай бұрын
- Has an elevator btw
  @lilimontistanbul59104 ай бұрын
How is Seismic certification?😂
@rossr66167 ай бұрын
- doesnt exist😂
  @investglobal07075 ай бұрын
- Not true. Why speak out of your ass?😅
  @lilimontistanbul59103 ай бұрын
Don't do it , everything is fake
@civilengineeringRP6 ай бұрын
One for dinner and one for meth
@b4bmm7 ай бұрын
- Lol
  @TheWanderingInvestor7 ай бұрын
Sorry...old, crappy and overpriced, wouldn't pay more than 1k per m2 for these AT BEST
@es93827 ай бұрын
- 1k per sqm is out of the question for downtown İstanbul. Actually l can hardly think of any global city that that number iş achievable.
  @lilimontistanbul59107 ай бұрын
It's to basic for me lol not impressed with this apt at all lol
@nonameanon93687 ай бұрын
- It’s fine. It’s the market. Most older apartments in Istanbul are unimpressive.
  @TheWanderingInvestor7 ай бұрын
- Yes, it’s not the dream house. It’s an investment.
  @walidalsharabi8585 ай бұрын
very bad appartment
@jimmysamimalahefji34904 ай бұрын
Who wants to live in turkey ??😂 Say hi to tyrant Arduan for me
@guylocation98238 күн бұрын
Please does Keith have a website? I found it once. Please advise. He had sales and rentals in Chiangir. I am looking to leave New York in 5 years. I cant take it here anymore Please respond to me directly. Thanks so much @TheWanderingInvestor
@dvillafane64777 ай бұрын
- Sure. Send him an email keith@thewanderinginvestor.com
  @TheWanderingInvestor7 ай бұрын