How does a deal like this work? Where you can buy a property without finance for a few thousand and then pay take over costs? I probably just missing something obvious but I really don’t get it at all? I’ve never heard of anything like this before. Has anyone else had any experience with this type of situation?

I too have been considering Crestmead as there is a lot of new building going on and it is very close to Logan Tafe, Logan Hospital and Girffith University, Logan campus. My biggest reservation is the distance from the city is a bit further than I’d like….

Bardon, with CF+ figures like this, and since you seem to have a bit of inside knowledge, are you investing in the States too? If so, can you give us some details.

Thanks for the comments. I agree that 17K is a lot of money and kiwiduvet, your figures demonstrating outlay / return put things in clearer perspective for me [hmmm]

I think this will be something for me later on down the track when I’m more experienced and have more dispensible cash.

Thanks Richard. I always respect your comments. It seems like a comprehensive, informative and practical tour. And a great opportunity to purchase properties…. If only I was a more organised and experienced in this IP business, I would go along. As it is I would feel way too much like an amateur [blush2]

Hello Adam

I work on a cruise ship which has afforded me the opportunity to see a lot of countries and like you, Turkey is one of my favourites for the same reason as you mentioned. I found the Turkish to be generally the most genuinely hospitable, open and welcoming people I’ve met anywhere! I also love the variety of the landscape within the…[Read more]

Hi Quiggles

I’m new to PI and I’m considering Turkey mostly because I love the country and especially the people [fez][fez][fez]. Also my partner’s Turkish and I hope to spend a lot of time there. This email was a summary of my limited knowledge about my understanding of investing in Turkey and a request for information and advice to anyone…[Read more]

Negotiations in regard to Turkey joining the EU are going on right now with what I belive to be a good chance of Turkey joining (not that I know much at all….). History shows that along with everything else, property values will most likely rise once this happens. Do you agree? For this reason it may be a good time to invest in Turkey.

Hi Bardon

Thanks for your input. This is a much more negative opinion of the market than I’ve heard so far. A devil’s advocate is also welcome.

If anyone else is of the same opinion, please let me know. And alternatively if there is anyone who views the Miami situation more favourably, I would appreciate your comments too.

I’m eager to…[Read more]

Thank you, both of you for your information and contacts [exhappy]. I will definately get in touch with the people you recommend. This area “feels” good to me right now, so I’ll persist with my research. However, like you, I am concerned with the dramatic increase in prices over the past 3 years and am trying to get a clear picture of the risk…[Read more]

To Alistair

Thanks, I would appreciate the contact information of your Miami contact. All information is welcome at this stage. Another thing, you mention that this practise is common, but you didn’t discuss your opinion on the potential of making a profit this way…. Since you know a little bit about this, is this something you would…[Read more]