F.A.Q.
Answer : It is because of the unexpected financial situation in the real estate market. The banks loaned e.g. the condos on our website at $180K and when the real estate prices lowered significantly, people couldn´t pay for it and the banks get the ownership. There are millions of properties like this and the banks sell them at the possible lowest price them to avoid the monthly fees, maintenance costs and etc. and the difference is declared loss and deducted from the tax.
Answer : There 2 properties on our website with tenants living in them.
Answer : If the tenant doesn´t pay for the rent, you send for a 3-day warning and if he/she doesn´t pay in 3 days, you file for eviction and the state sheriff goes through with it. To find a new tenant depends to you or to the management company you work with. Nobody can guarantee that however the tenants tend to live in long years if you rent your property for reasonable prices.
Answer : The monthly fees varies from $170 to $255 according to the property. The monthly fees of the properties on our website are mentioned.
Answer : Depend on whether you are able to come to USA or not. It is both possible to do it in USA or in Turkey.
Answer : You are able to open an account with the copy of your passport.
Answer : You wire the money to the account that the bank provides
Answer : Unfortunately, no. Investing and getting a residence permit are two different issues.
Answer : Unfortunately, no. Investing and getting a residence permit are two different issues.
Answer : Yes, everyone who wishes
Answer : It is paid by the owners and it is called HOA (Home Owners Association fee)
Answer : No. You may complete the procedures at the consulates in Turkey.
Answer : In general, yes, it is really easy. If you want to rent your property right away, you may lower the rent a little and do it. For example, you may find a tenant quickly for $700 whereas the equivalents are rented for $750
Answer : There are ´Management Companies´ in USA to handle all these for a commission. They find a tenant for you, collect the rent, follow up the monthly fees and tax payments.
Answer : To get a loan in USA, the lower limit is $100K and for up to 30 years. The interest ratio is 6% annually on usd basis. To get a loan in Turkey, you need a collateral. The interest ratio is 0,95% monthly for 5-10 years on TL basis. The major difference is that in Turkey you owe with a fixed rate and TL basis.