My Apartment Renovation in Istanbul - Case Study with numbers

I bought an apartment last year in Istanbul and decided to make a full renovation / remodeling of the unit. In this video we go through the results with my interior designer along with all the costs and how much rental yield and income I could expect to make.
🇹🇷 Get in touch with Angelina: [e-mail]
🇹🇷 Video of the apartment from last year PRIOR to the renovation and remodeling: • I bought an apartment ...
00:00 Introduction
01:08 Viewing of renovated and remodeled apartment in Istanbul's textile disctrict
06:46 Expected renovation costs in Istanbul
07:35 Actual renovation and remodeling costs in Istanbul
08:20 Current renovation and remodeling prices in Istanbul
09:00 Inflation in construction in Turkey
10:10 Current market value of the apartment
11:40 Current rental value and capitalization rate
13:00 Running expenses of an apartment in central Istanbul
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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.

[@TheWanderingInvestor]

Get in touch with Angelina: [e-mail]

[@georgezuwala7075]

Your willingness to share and explain is refreshing and very rare in the youtube world of well of hype . Keep it up .

[@MarkKrupa]

Fascinating as always. We appreciate the numbers and the story. Good work.

[@WolfBoehme]

As always, I appreciate your "update" videos a great deal. And, as always, I appreciate how frank and practical you are and the details you provide. Regards, Wolf from the US

[@thomasharibol3975]

Absolutely gorgeous. Love the modern style, back fixtures, and patio.

[@tiborveres6811]

Man the apartment looks just amazing. Love it.

[@martg0]

Great work Angelina! And thanks for the video, very interesting

[@jgm3620]

Great apartment and the numbers are good, i really appreciate the renovation work. Angelina did a wonderfull job

[@prabirmehta1089]

Thanks for sharing! This is so helpful!

[@Afroquest]

As usual, brutal honesty @ 5:26. One of the reasons why I take you very seriously.

[@bobburns7277]

🤣🤣🤣🤣

[@RichLiberation]

Beautiful unit! Good job ❤

[@dragonier8133]

Excellent work.

[@Hunredbandz]

Very motivating. Thanks

[@kunjomani]

Thank you for this video.

[@usa_kenyan]

Nice purchase!

[@islandlife6591]

Well done!

[@irynasymonenko2565]

Very good deal you got👏🏻

[@michellehazarian4730]

This was so informative ....thank you for the content...I will contact Angelina, when I am ready to invest.

[@rehanorkut]

your vidoes are amazing and provides lot of information just subscribed to your channel today through your muscat vidoe log. Keep doing great job😊

[@TheWanderingInvestor]

Thank you 🙏

[@silasmoser301]

Thank you.

[@MPANGA101]

great apartment

[@klakays3619]

everything clear as usual...i hope the baby is fine 😅

[@dovygoodguy1296]

From his highly interesting videos I can only say that Ladislas is a very amazing person.

[@TheWanderingInvestor]

🙏

[@ericnhodza1790]

Very nice

[@Sulavezi]

Awesome

[@adriansampson6774]

This video is amazing this is exactly what I was thinking of doing. How did you find someone so competent like Angelina!?

[@TheWanderingInvestor]

Thank you. She works with Keith. Her email is in the description 👍

[@i.p2088]

You need to calculate 2 month rent per year for repairs and being empty for a few weeks every year. Property management is one month rent per year.

[@vintagerahul]

Thank you for sharing valuable information! Could you make some content on Armenia?

[@TheWanderingInvestor]

When I go there next time 👍

[@tiborveres6811]

What happened to Keith? 😂 I thought he'll do the work. Very nice work and deal 🤝

[@TheWanderingInvestor]

Content coming up with Keith 👍 he and Angelina collaborate. He just wasn’t around for the video.

[@charlesogier6469]

No restriction on foreign ownership? What is the cost of transaction fees/ or notary fees for example? Is it straight forward? Did you have to pay a commission to the agent? Was the negotiating process difficult? I assume you have the fundings and did not require any loan/mortgage? Thanks for sharing . This lady has a lot of taste for renovation

[@TheWanderingInvestor]

No restrictions on foreign ownership. Straightforward but lawyer needed. Minimal government fees. Agent fees yes. No mortgages for foreigners.

[@mjhmn]

very nice -- also rats are like mini dogs!

[@xetradax2679]

great video as usual. every word right on the point. not much blah blah like a.henderson

[@davidp.7275]

Hello Ladislas. First of all, congratulations for your amazing work. I wanted to ask: for this unit, what kind of tenant do you have in mind? Taking into account that most of people in Istanbul don´t even earn your estimated rent value and families here prefer to live out of the centre. Thank you.

[@TheWanderingInvestor]

Thank you. Expats, digital nomads, central crashpad for wealthy Turks or foreigners

[@fkhan328]

❤❤❤

[@jayw115]

What are your thoughts on Antalya? or do you recommend Istanbul?

[@TheWanderingInvestor]

Prices in Antalya have gone up waay too much due to the influx of Russians. Izmir actually offers the best value.

[@samlyons3552]

so far I have not seen anything that beats the ROI from the USA ( 71913 ). have not watched them all

[@micomarinas2753]

I'd like to request in your future videos to feature banks and lending companies selling foreclose properties that can also good for renovation so I can rent it to tenant or sell it. if I will invest is this kind of project, can this qualify for the turkey cbi program of $400,000?

[@TheWanderingInvestor]

I don’t know. Never looked into it.

[@habibshahmiakhil845]

Salam n hello sir i am afghan national and doctor by occupation Sir you know the situation of us so sir i want to shift my familly to Uae or turky so sir which one you recomend for me ...thank you

[@micomarinas2753]

where can I find list of reputable real estate developer in turkey?

[@TheWanderingInvestor]

Ask Keith or Angelina, or both.

[@mrt4575]

As an architect who designs 5 star hotels all i can say is that it is overpriced... Materials used are mediocre at best... Design is also mediocre at best... Sorry guys you are plucked...

[@rohitsengupta6822]

What about insurance? Also what protections does Turkey provide for landlords when it comes to evictions?

[@TheWanderingInvestor]

Earthquake insurance is about $50 per year. Evicting tenants takes a while. Hence the preference for foreign tenants.

[@tangocash342]

Halfisland ha peninsula. Angelina has Slavic origins

[@djessdark948]

Le radiateur est superflux et plombe le budget, la clim réversible aurait était suffisante.

[@asiaticonaeuropa]

you did not mention the income tax generated by rental properties in Turkey? with 10k USD rental income, you will have to pay 40% income tax, right? So the return after all taxes will significantly lower

[@TheWanderingInvestor]

Less. I don’t discuss taxes as it depends on people’s tax residencies. In many cases due to double tax treaties it doesn’t make much of a difference.

[@stumpali]

Whats the location?

[@TheWanderingInvestor]

Osmanbey

[@hengyan6232]

Next rent in turkey...as someone who rented. The law is harsh

[@stephanienarnor1301]

The beginning of this video reminded me so much of MBR 🤣🤣🤣

[@TheWanderingInvestor]

Hey Stephanie ☺️. What’s MBR?

[@alex-lu8mi]

Aint no way that sells fot 180k today

[@Trumppower]

Helal abi.. 😂 Regular Local people won't be able to afford houses in Türkiye.

[@TheWanderingInvestor]

Foreigners are only a very small part of the Istanbul real estate market.

[@TravAlligator]

​@@TheWanderingInvestor If foreigners are very small part of Istanbul real estate market, then extracting USD $950 a month from local citizens would be next to impossible. A steady return of 9% sounds like a bloated figure for investors.

[@TheWanderingInvestor]

@@TravAlligator for purchasing foreigners are a small segment of the market. For renting they are a greater share, especially in the core center.

[@KrmSnty92]

do you consider factors such as earthquakes when investing?

[@TheWanderingInvestor]

Yes. This specific neighbourhood has much lower seismic risk.

[@Bo-tz4nw]

Tourist selfies /commercials here! Please not on YT!

[@songsongsingasong]

rats are adorbs