Hi,
Seen an ad in the indo today for property in turkey. Seems to work like this:
Property Cost 82K incluing fitout
Property is 70K
They will give a rental return of 10% per year for 10 years ie 70K before tax.
You can stay for six weeks in off season on all inclusive basis free of charge if you want.
No ongoing fees eg cleaning etc?
Do these figurees seem to be a good return?
It is in a 5Star hotel complex.
What is the catch?
Seen an ad in the indo today for property in turkey. Seems to work like this:
Property Cost 82K incluing fitout
Property is 70K
They will give a rental return of 10% per year for 10 years ie 70K before tax.
You can stay for six weeks in off season on all inclusive basis free of charge if you want.
No ongoing fees eg cleaning etc?
Do these figurees seem to be a good return?
It is in a 5Star hotel complex.
What is the catch?