Last week I took a deal in Turkey which required just £3500 down with a superb return over a three or four year period. There are contractually guaranteed payments each year & the development company will take care of the management, bookings, & maintenance etc.
- €6000 (approx. £5350) in Year One
- €6000 (approx. £5350) in Year Two
- €10500 (approx. £9300) in Year Three
That will be a total return of €22500 (approx. £20,000) in just three years for a £3500 investment. ! The added advantage for me is that that they will take the property back from me at the end of Year Three (or four) so no worries about taking over a mortgage and no hassle about the resale. Additionally the company I dealt with were superb & very knowledgeable, unlike some I have contacted recently. They deal directly with the developers so the initial money down is not inflated by intermediary fees.