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Podcast: My Worst Investment Ever Podcast
Episode: Ibrahim Kocagoz – Do Your Research Before Investing in Property
Description: BIO: Ibrahim Kocagoz is the Technical Director at SODEXO Thailand, responsible for Innovation, Smart City & Systems, and Sustainability.STORY: Ibrahim and his wife bought several apartments in Istanbul. The plan was to retire soon at a vineyard, making wine while receiving income from the apartments. However, the Turkish currency started devaluing, throwing off the value of the flats. Ibrahim could only charge half of what the apartments were worth when purchasing them.LEARNING: Do thorough research before investing in property. Real estate is high-risk; avoid investing in it if you can. Understand the currency risk...