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Still In The Game

I’ve been having some WordPress technical problems and haven’t been able to post. We are still in progress on our CBI!

You may recall our previous post in which I mentioned our two properties. One is located in the city of Istanbul, near the tourist-popular Galata Tower and Istiklal Street. The other is located in a coastal area, not far from Izmir.

Just our luck that the coastal property, in the town of Karaburun, was almost move-in ready! It just needed to be furnished once we purchased it. (Unfortunately, many of the furnishings have been slow going, since several were out of stock as university students needed them to furnish their apartments. Only one sofa to go!) Once that unit is entirely furnished, we will be able to rent it out.

The other one, in Istanbul, is in a fantastic location, but needed to have a different layout to make it useable as a rental. We have a team working on renovations, and we’re told they’ll be finished by Jan ’24. Then, we can rent that one out, too!

Our goal is not necessarily to make money on these. Some people start CBI as a means to invest in foreign property, that they then will earn an income from. While it would be great if we actually earned money from these rental properties, the most important feature, for us, was our means to a second passport.

We will be heading to see our properties in person very soon! I’m always up for a trip to Turkiye, but this will be a special one in two ways. First, seeing our new properties, of course. But secondly, Turkiye’s centennial is on October 29, and we want to enjoy the festivities!

The last time we were in Istanbul in ’21, it occurred to us that ’23 would mark 100 years for the country. We thought, wouldn’t it be nice to come back for that event. Not only are we coming back for that, but we will start the last phase of paperwork to apply for our Turkish passports. Hopefully by my birthday next August, I will be a citizen of two countries!

Watch this space to learn more…

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