Foreword

“Italy is a dream that keeps returning for the rest of your life.” – Anna Akhmatova This eBook has been designed to give you a sneak peak into what can be possible when thinking about creating a new life in Italy…..”buona lettura” (enjoy the read!)

TableofContents

1. MyStory2. TheProgram3. ClientTestimonials4. BonusChapter–the€1Homes5. ContactMe

Chapter1.MyStoryHaveyouever takena trip to Italyandhadapieceofyourheartstolenby thebeautiful country inaway thatmadeyou think, “Iwant toownmyownhomehere!”Youarenotalone,butwhenmostpeopledreamofpurchasingpropertyinItaly, the fear ofwhat could gowrong overrides the dream. This iswith goodreason.Italy is famous for its beauty and is equally famous for its bureaucracy andcorruption.Soit’sreallynosurprisethatmanypeopledreamofbuyingpropertyinItalybutnevergothroughwithitforthefearofwhatcouldgowrong.The internet is rife with conflicting information, horror stories about shadyestate agents, deals gone wrong, and people being scammed left and right.Imagine trying tomanage a real estate transaction whilst you’re in your owncountryandaboveall,notspeakingthelanguage?Andconsideringthatmostpropertiesneedsomesortofhomeimprovementorrenovation,howdoyouevenbegintostarttothinkaboutthat?Terrifyingright?Wellitdoesn’tneedtobe.Aftermanyyearsofworking in the realestateandholiday rental industries inItalyandcomingacrosscountlessclientsexpressingtheirfearsanddoubtsaboutpurchasingpropertyinItaly,Idecidedtocreateabespokeprogram.Aprogramdesigned toremove thedoubtanduncertaintyandreplace itwithpassionandzestaboutanexcitingnewchapterinyourlife’sjourney.ButbeforeIgointothat,letmeshareabitaboutme,mystory,andwhyIamtherightpersontoguideyouonthis lifechangingjourneyonbuyingapropertyinItaly.MyJourneytoLaDolceVitaMy loveaffairwith Italybegannearly twentyyearsago.At21, Ihadmoved toLondonfromPerth,Australiaandknewnothingoftheworld.Myonlyforayintotravellingwasa trip toThailandand the ideaofEuropeseemedso far-fetchedthatIhadneverseriouslythoughtaboutituntilmovingtoLondonwiththeideaofstayingafewmonthsandseeinghowitwent.Iendedupstayingtwelveyears.IalwayshadafascinationwithItaly,butitwasn’tuntil IwenttoFlorenceonaweekend getaway that something switched inside of me. The beauty at everyangle, the architecture, the elegantly dressed women with their high heelsclickingawayonthecobbledstones---nottomentiontheincrediblefood,wine,andhandsomemen---mademefallinlovewithit.Iwashooked.

GrowingupinAustralia,whichisaveryyoungcountryfromanarchitectureandhistorical aspect, I was totally in awe of Italy. I remember marvelling at theDuomo in Florence and saying to myself, one day I am going to retire here.ConsideringIwas21atthetime,retirementwasalongwayoff.Itallseemedlikeapipedreamandwasquicklyforgotten.ItravelledafewtimestoItalyinthetwelveyearsIlivedinLondonandeachtimemyloveaffairforthisbeautifulcountrygrewandgrew.TheideaoflivingthereseemedsooutofmyreachbutIknewIwantedtomakeithappen.Itwasn’t until December of 2013when things started to fall into place. I waslivingbackinAustralia;IhadmovedtoSydneyin2012andprettymuchhadtheperfectlife:Anamazingapartmentwithharbourbridgeview,anexcellentsocialcircle,asecuresix-figureincomeworkingforoneoftheworld’stopinvestmentbanks. But I was dissatisfied with my life and felt extremely burnt out fromworkinginahighstressenvironment.Myhealthwassuffering.I felt like my soul was craving cultural nourishment. I wanted to live my lifeinstead of being cooped-up in an office environment twelve hours a day. Iwantedtoimmersemyselfintoanewculture,learnanewlanguage,Iwantedtofallinlovewithadark-haireddevastatinglyhandsomeman.Inmyheart,IknewItalywastheanswer.Iwas 34 at the time and knew if I didn’tmake themove now itwould neverhappen. I didn’t let the fact that the only Italian I knew was “ciao bella” andvarious swearwords that Iwon’tmention stopme. I signedup for a six-weekItalian course at the local language school in Sydney and started putting myplansintoaction.MostofmyfamilyandfriendsthoughtIwasabsolutelycrazytoleavemysecurelifeinSydneytomovetoItalywheretheeconomyisfamouslyunstableandtherewasnoguaranteethatIcouldfindwork.Butluckyforme,andforyou,Ididn’tlistentomyheadbutmyheartandattheendof2014IsoldallmyfurnitureandarrivedinItalywithfoursuitcases.IstartedmyItalianjourneyinBolzano,apicturesquetownonthefarnortheastofItaly,ontheAustrianborder.Ifyoulovethemountains,thenyouwouldloveBolzano. It is incredibly beautiful with stunning backdrops of the Dolomitemountainrangethatloomsoverthetown.Due to Bolzano’s close proximity to Austria, it is a dual language town. Mostpeople speak Italian and German. Considering that my Italian was next tonothing,IhadtostartabsorbingtheGermanaswell,butIamsomeonethatlovesachallengeandabovealllovestolearnlanguages.ShortlyaftermyarrivalinBolzanoIwasluckyenoughtolandajobworkingforaluxury global real estate agency called Engel and Völkers, working in theirmarketing department. It was a far cry from my banking environment but I

absolutelylovedit.IalwayshadarealpassionforrealestateandhadrenovatedmanyapropertyinAustraliasoitwasaperfectfitformeandmypassions.TheCalloftheSeaAsmuch as I loved living in Bolzano, itwasn’t the place I had dreamed aboutwhenIwasplanningmymovetoItaly.Itwasn’tacitythatfelt“Italian”enoughforme,duetoit’sstrongAustrianinfluence.Asmuchasitwasbeautifullivinginthemountains, Imissedthesea. Igrewup livingby thebeach inAustraliaso Idecidedtosearchformyperfectseasidehome.NowwithacoastlineasstunningasItaly,tryingtofindmydreamhomebytheseawasnotgoingtobeeasy.WhereshouldIgo?Thereweresomanyoptions.Sicilywasreally tempting,somany beautiful seaside towns, the cost of living was next to nothing incomparisontoBolzanobutitjustfeltabittooisolatedforme.Calabriawasn’tappealing forvariousreasons, Ihadbeen theremany timesonvacationbutitwasnotenticingenoughformeasaplacetoliveallyearround.MyItalianteacher inSydneywas fromPuglia,andIremembershehadspokenabout her hometown during our lessons and how beautiful it was. It hadbeautifullyrusticcountrysideandanimpressivecoastline.IgotontoGoogleandstarted doing some research into Puglia beaches, towns etc and I was in loveimmediately. Ithad themoststunningcrystalbluesea, cute littlewhitewashedcitiesonthebeachandarelativelylowcostofliving.Iwassold.Imoved down to a little town calledMonopoli in Puglia,which if you haven’tbeen,youdefinitelyneedtoaddittoyourbucketlist.Monopoli isanabsolutely stunning townwithBaroquestylearchitecture, littlecobbled streets and bright coloured buildings. It kind of remindedme a bit ofPortobelloRoad inLondon,withall thecolouredhouses. I remembermy firststroll around the old town and I was just in awe of its beauty and it reallybrought tears to my eyes. I felt at home. Like this was the place I had beensearchingforwhenIdreamedaboutmovingtoItaly.Life inMonopoli felt like one long vacation, the dayswere beautifullywarm, IspentmostweekendsatthebeachandIfeltreallyathomewiththehospitalityfromthelocals.ThesouthofItalyisfamousforitshospitalityandfriendliness,incomparisontothenorthwheretheyaremuchmorereservedandkeeptothemselves.I feltathomeinPugliaalmostimmediatelyandIstartedmyprocessoflookingforajob.

IwantedtokeepworkingintherealestateindustryasIabsolutelyloveditandone afternoon I was strolling through the city andwalked past a doorwith acompanysignonitwritteninEnglish.It was a company specialising in real estate and holiday rentals. Perfect! JustwhatIwaslookingfor.Iwentintotheoffice,introducedmyselfandaskedtoseetheboss.Hewasn’tinbut IobtainedhisbusinesscardandwhenIarrivedhomeIsentanemailwithmyCV.LaterthatweekIwascontactedbytheCEOofthecompanyandIstartedworking in their Real Estate Division, managing all the international clientqueriesandtransactions.AnideaWasBornEver sincemoving to Italy, the entrepreneurial side ofmewas in overdrive. IknewthatIdidn’twanttobetradinginmytimeformoneyina9-5officejob.I’dbeenthere,donethatinLondonandSydneyandhadthegreyhairandthestresslinestoshowforit!Iwasalwaysthinkingofwaystoserviceanuntappednicheandcreatesomethingtotallyuniqueandofvalue,butalsoinhighdemand.Duringmyday-to-daymanagementandcorrespondenceinmyjob,Iwasstartingto see a pattern in the queries received. Many people had the dream ofpurchasing property in Italy, but they had a list of fears, apprehensions anddoubtskeepingthemfromdoingit.Theseare themostcommonquestions that I received fromclientsallover theworld:

- Whatisthepropertybuyingprocedure?- Whatarethecostsinvolvedinpurchasingaproperty?- HowmuchreturncanIgetonaHolidayRentalinvestment?- HowcanItransfermoneyacrosstocompletethesale?

Andthelistwentonandon.ItwasthenthatalightbulbwentoninsidemybrainandIthought,whatiftherewas a bespoke program designed to coach people the exact property buyingprocedure and more importantly, how to avoid coming across the commoncostlypitfallsthatmostpeopleencounter?It was then that my ideas started to snowball very quickly. I realized that toprovideatotallyholistic,independentandbespokeservice,Ineededtoenlistthehelpoftrustedindustryleadersandcreatearocksolidandinvaluablenetworkformyfutureclients.

Duediligence is imperative, especiallywitha complex topic suchas the italianrealestatesystem.Iknewinordertoservicemyclientsinthebestwaypossible,Ineededtosourcepeopleintheindustrywhowereatthetopoftheirgame.TheexpatcommunityhereinItalyisverysmall,ifsomeonedoesanamazingjobeveryonetalksaboutit,sameasifsomeonedoesabadjobtheneveryonetalksaboutit.Iundertooksomeintensivemarketresearchinthevariousexpat/livinginItalygroupsandstartedtakingnoteofwhowerethekeyplayersprovidingthemembers of the groups with the most value, being authentic and above all,professional.It wasn’t long before I had a list of people who I wanted to work with. All Ineededtodowasreachouttothem,introducemyself,andaskiftheywouldbeinterestedincollaboratingwithme.EachpersonthatIcontactedaboutmyideaofcreatingabespokecoachingprogramallwantedtojumponboard.Frombigdreamsandduediligence,ItalyPropertyConsultingwasbornandmyprogram“HowtoConfidentlyBuyPropertyinItaly”wascreated.

Chapter2.TheProgramHowtoConfidentlyBuyPropertyinItaly–TheProgramMyvisionwhenIdesignedtheprogramwastoensurethateachparticipantwasreceivingasmuchvalueaspossible.Notonlyjustintheweeklymodules,butalsofrommegivingmyone-on-onesupportalongwithmynetworkofprofessionals.IfIhadanydoubtsaboutwhethertheprogramwassomethingthatwasneededand in demand they were quickly eradicated. I sold the program out in itsentiretyinONEDAYpre-launch.I knew that this service is something that is invaluable and provides peace ofmindknowingthatpeoplearebeingguidedeverystepoftheway.The program is designed to run over five weeks and covers the followingmodules:

- Whatisthepropertybuyingprocedure?- WherearethebestplacestobuypropertyinItalybasedonlifestyle?- Howtoavoidcommon,costlymistakeswhenpurchasingproperty.- Whatarethecostsandtaxesinvolvedinpurchasingaproperty?- Howtoarrangeaneffectivebuyingtrip.- Howtomitigatecurrencyrisk.

ThesemodulesaresupportedwithweeklyLIVEQ&Asessionsfrom:

- PropertyLawyer- Accountant- Visa&ImmigrationSpecialist- CurrencyExpert

TheseQ&AsessionsareaninvaluableresourcetotheparticipantsanditallowsthemtogetdirectanswerstotheirqueriesonnotonlyhowtobuypropertyinItaly,butthestepsrequiredformovingtoItalyandobtainingavisa.Iruntheprogramasasmallgroupofuptptenparticipants.IkeepthenumberssmallbecauseitissuchadetailedtopicandIliketobeabletogiveasmuchone-one-one support and attention to the participants as I possibly can. Plus, asmallergroupcreatesacommunityfeelamongsttheparticipants.IknewthatwhenIcreatedtheprogramthatIwouldbeattractingclientsfromallover theworld indifferent timezones, so flexibility is amust. Eachparticipantcan go along at their pace, knowing that they have the support ofme behindthemandhavingaccesstothenetworkofprofessionalsintheprogram.

Legislation in Italy likeanycountry ispronetochange,soallparticipantshavelifetimeaccesstotheprogramandalltheupdatesthatareprovidedsotheyarealwayskeptinformedandupdatedofthelatestdevelopments.TheModulesLet’sgothroughsomeofthemodulesinabitmoredetail:ThePropertyBuyingProcedureWediscussatlengththestepsinvolvedinpurchasingapropertyinItalybutalsothepreframingwork that is required.Forexample, it ismandatory toobtainaCodiceFiscaleinordertopurchaseapropertyinItaly.Howdoesonedothat?Youdonothavetobebased in Italy toobtainaCodiceFiscale, you can easily apply for one at the Italian Consulate in your homecountryoryoucanapplydirectlyinItalyatthe“AgenziadiEntrate”intheareathatyouwishtobuy.It isnotmandatorytoopenanItalianbankaccount,but itmostcertainlyhelpstheprocess. Ifyouareoutsideof Italyyouareable toappointadelegate todothisforyou.ThedelegatecanalsoapplyfortheCodiceFiscaleonyourbehalfbyfillingintherequiredpaperwork.TheCostsInvolvedThecostsofbuyingapropertyinItalywilldifferfromwhetheryouareresidentinItalyornot.Also,therearespecialtaxprivilegessuchasthe7%FlatTaxforretireesthatisapplicableforcertainpartsofItaly.Iwilldelvefurtherintothattopiclaterinthebook.If you purchase a property for agricultural purposes that is also subject to adifferenttaxstructure.The taxation system in Italy is definitely not what one would callstraightforward, so to have an English speaking accountant is an invaluableresource.Thelastthingyouwantistogoinblindandthengetanastysurprisefromthetaxationdepartmentlaterdowntheline!Theyaren’tonesthatwillbesympathetic if you didn’t know the language or legislation. It is yourresponsibilitytobeintheknowofwhatyourfiscaldutiesare.With any sort of property transaction it is imperative to do your researchbeforehand, and be fully aware of what you are liable for from a taxationperspective.

WherearetheBestPlacesinItalytoBuyMostpeoplewhentheythinkaboutwantingtopurchasepropertyinItaly,theygenerallyfallintothesethreecategories:

- Retirement- Lifestyle- HolidayRentalInvestment

RetirementNowifyouarelookingtoretireinItaly, it ispossiblethatlivinginanareathatoffersexcellentmedicalcareisgoingtobeatthetopofyourpriorities.Generallyspeaking,thenorthofItalyoffersamoresuperiorhealthcaresystem.Butdidyouknowthat there isaspecial taxregime thatwas introduced in the2019 ItalianBudget Lawcreating an attractive fiscal incentive; the7% flat taxregimeonforeignincome(includingpension,propertyincome,capitalgainstaxetc)forthoselookingtobuyinthefollowingregions:

- Abruzzo- Apulia- Basilicata- Calabria- Campania- Molise- Sardinia- Sicily

To qualify, youmust bewilling to transfer your tax residency tomunicipalityabove,inatownthathaslessthan20,000inhabitants.ThelawaimstoattractforeignretireesandItalianslivingabroadformorethan5yearstomovetoandinvestintothelowerperformingregionsofthecountry.TheretireesflattaxregimedoesnotcoverincomethatisearnedinItaly.HowcanyougetItalianResidency?EUCitizensEverycitizenof theEUhas the right tomoveandreside freely in Italy. If yourintention is to live in Italy longer than 3 months, documentation needs to besubmitted to the General Register Office “Ufficio Anagrafe” at the Town Hall“Comune”whereyourpropertyislocated.Non-EUCitizens

Non-EUcitizensofcertaincountriesrequireavisatoenterthecountry–ifthisisforlongerthanthreemonthstheyshouldapplyfortheECLongTermResidencePermit.ForRetireeshowever,therelevantprogramwouldbetheElectiveResidenceVisa(ERV).There are various requirements that need to be met to be eligible, here is afactsheetthatyoucanclickontoobtainmoreinformation:https://drive.google.com/open?id=1CkSDNSHoYVgDYdOJJtPZ65ttvCe9lfJpThisfactsheetwasprovidedbyAlessandroClementeofClementeLawFirm,ourinhouselegaldivision.LifestyleWecoverinthemodulewherearethebestvotedplacestoliveinItalyforqualityoflifeundertakenbyrealestateexpertsIdealista.The study investigates the following criterias when making their analysis;business and work, environment, crime, social and personal life, population,leisuretimeandstandardofliving.HolidayRentalsThetopicofHolidayRentalsisclosetomyheartfrommyyearsofexperienceinworking in the holiday rental industry. I have studied at length as to whatconstitutesasuccessfulHolidayRentalandhowpotentialbuyerscanmaximisetheiryield.BeingfromabankingbackgroundIamalwaysinterestedinhowIcanadvisemyclientstomakethemaximumreturnspossible.Did you know that Puglia is the second most researched region in Italy topurchasepropertyasaHolidayRental?Tuscanyisthenumberonebutalsohasamuch higher price tag than Puglia where many parts are still relativelyunsaturated.TherearesomegreatbargainstobehadinPuglia,ofwhichareabletobetransformedintohighlysuccessfulHolidayRentalswiththerightguidance.CostofLivingComparisonThiscoversthediverserangeofthecostsof livinginvariouspartsofItaly.Forexamplethenorthismuchmoreexpensivethanthesouth.Simpledailyactivitieslikegettingyourmorningcappuccinoandbriochecancostyoutwiceasmuchinthenorththanthesouth.Ifyoucalculate thisonadailybasis, it reallydoesaddup! Iwasastoundedbyhowmuchmy livingcostswere reducedwhen Imoved fromBolzanodown toPuglia.Yourmoneycertainlydoesgoalotfurtherinallaspectsinthesouth:foodshopping,utilitybills,andmore.

So it will come as no surprise that real estate in the south is definitelymorefavourableforthosewhohaveasmallerbudgetbutagain,itreallydoesdependonwhatyourobjectivesareforapropertypurchaseandalsothetypeoflifestyleyoudesire.However an interesting point to note is that things such as car and houseinsuranceismorecostlyinthesouththanthenorth.TheCommonCostlyMistakesPeopleMakeNow this one is probably my most favourite module of the program. It ishonestly staggering the amountof people that comeunstuckwhenpurchasingpropertyinItaly.It is soeasy togetcaughtup in theromanticismofowningyourownLaDolceVitabut if youdon’tdoyourduediligence thenyoucouldopenyourselfup tosomeunpleasantandcostlysurprises.Itisn’tuncommonforpropertiestohavemultipleowners.Youmightpurchaseapropertyfromanagentthathasn’tdonehisduediligenceonthevariousownerswhichcancreateanabsolutenightmareforthebuyers.IrecallaspecificcaseofacouplefromtheUKwhohadspenttheirlifesavingsonaproperty inSardiniaonly to findout twoweeksafter theymoved in that thepropertyhadvariousownerswhodidn’tconsenttothepropertybeingsold.Theyarestilltiedupinacostlylegalbattleoverthis.Thepermissionneedstobeobtainedfromeveryoneonthepropertydeedbeforethesalecangothrough.That is justonescenario….therearesomanyothers thatpeoplecomeacross iftheyarenotguidedbyaprofessional.ThisiswherehavinganEnglishspeakinglawyerisimperativeforactingonyourbehalfwheretheduediligenceisconcerned.Theycancheckwhetherthereareany outstanding debts/mortgages against the property, any insolvency issuesetc. The point is to ensure you have absolute clarity onwhat you are buying.Unfortunatelynotallagentsactinanethicalmanner.That isnot to tarall agents in Italywith the samebrush;and innomeansam ImakingageneralisationbutIhaveheardfartoomanyhorrorstoriesaboutagentswhenbuyersareconcerned.Itpaystobecautious.Another big advantage of having a lawyer on your side is that they areindependent.Youcouldbereferredtospecialists fromanestateagentbut that

couldcreateaconflictofinterest,especiallyiftheagentissolelyfocusedonthesaleandreceivingtheircommissions.RenovationLet’sfaceit,mostpropertiesinItalyaregoingtoneedsomesortofrestorationorimprovementsdonetoit.Whenpurchasingaproperty,ensurethatyouhaveanindependentpersonsuchasageometra,oranarchitectthatisnotlinkedtotheestate agent, to check that the property is in order, check that any planningpermissionrequiredtoundertakeworksislegal.Therearemanypropertiesthathave had illegal extensions added to them and these only rise to the surfacewhenapurchasehasbeenmade.Ihaveheardofcountlessstoriesofpeoplebuyingpropertiesforexamplewithapool that has been put in illegally and it had to be ripped out. The buyer islumpedwithafineforhavingapoolputinillegallythathedidn’tevenconstruct.Plus thecostsofhaving thepool takenout. Imagine theheartbreakyouwouldfeel if youbought a propertywith the solepurposeof using thepool over thesummertimeanditwasn’tevenlegallyabletobeinstalled.Icannotstressenoughtheimportanceofduediligenceandhavingindependentpeopleactingonyourbehalf.The entire topic of illegal renovations is discussed inmymasterclass “How toConfidentlyRenovatePropertyinItaly”,itisarealeyeopenerastowhatcostlynightmaresbuyershaveexperiencedandmostimportantlyhowyoucanavoidit!HowtoOrganiseaSuccessfulViewingTripSo you have discovered your dream property online. You have scoured theinternet and feel that you know the areawell from all the research you havedoneandyoudecidetobookatriptoviewtheproperty.Acoupleof tipstobeawareofwhichwillensurethatyouarebuyingtherightproperty.If you are looking at this property as an investment for aHolidayRental, takeyourtimetocheckouttheentiretown.Wouldyouwanttogothereonholiday?Arethereenoughamenities?Doyouhavetodrive20minsjusttogetacoffeeorbuygroceries?Aretheroadsingoodworkingcondition?Whataretheneighbourslike?Visitthepropertyatdifferenttimesduringthedaytoreallygetafeelforwhatitwouldbelikeforyourpotentialguestsgoingthereonholiday.Chances are if its not somewhere you would like to stay personally and feelcomfortableforaweekorso,thenitsunlikelythatotherswouldtoo.

Be sure to check things such as damp spots, mould, cracks and stains on theceilingsandwalls.Openandclose thedoorsandwindowsandmakesure theyarefunctioningwell.Testthesocketsandswitchesandmakesuretheywork.Thisallmayseemtotallyobviousbutlet’snotforgetthatapropertypurchaseisanemotionalthingformost.Somepeoplecangetsocaughtupinwhattheyfeelaboutapropertyandtheirvision,thatthepracticalitiescanbeoverlooked.Itisthesepracticalitiesthatneedtobeconsideredbecauseifyoubuyapropertyonawhim because it looks cosmetically beautiful but do not have the propertyproperly checked out, then it could unfold into some costly renovationworksdowntheline.Ifthepropertyisfurnishedyoucan’tassumethatthefurniturewillbeincludedinthesalesprice.Makesureyoucheckwiththeagentwhatisgoingtobetakenawayandwhatyoucannegotiatetohaveincluded.IfyouarebuyingapropertythatisalreadyusedasaHolidayRentalthenmakesureyouaskfortheprevioustwotothreeyearsrentalincomeearnedandwhatthegrossandnetrentalyieldis,afterthePropertyManagementfeeshavebeendeducted. Do your research and checkwhere the property is advertised as aHolidayRentalandreaduponthereviewsgivenfrompreviousguests.Obviouslyifthereareplentyofbadreviewsthentakethatintoconsiderationthatitcouldbethesameproblemforyouaswell ifyouintendtorent itoutontheHolidayRentalmarket.HowtoMitigateCurrencyRiskBuying a property in a different currency always comes with its risks.Fluctuation in rates and instability in themarket can have a serious knock oneffectonrealestatetransactions.Imagineyouhavefoundyourdreampropertybutbythetimeyouareabouttoexchangecontracts, thecurrencyrateshavedroppedsomuchyouhavehad topayextraandyouruntheriskofnolongerbeingabletoaffordtheproperty?It isvital toconsultwithanexperiencedcurrencyexpertwhocanadviseyouaplanofactiontolockincurrencyatafixedrateforaperiodoftime,soyoucanhavethepeaceofmindknowingthatyourfuturepropertydeal issecured.OurInHousecurrencyteamoffersanobligationfreeconsultationtoseehowitistheycanbestassistyou.Our InHouse currency team are onhand to provide an obligation freeconsultationtoallthemembersofthecommunityiftheydesire.Whathappensnext?

So the above modules have given you a brief snapshot into the “How toConfidently Buy Property in Italy” program and a guideline butwhat happensafteryouhavepurchasedtheproperty?Asmentioned above,many properties in Italy are going to need some sort ofrestoration or intervention and again it is not something that you need to doblindlywithoutanyguidance.Anyonethatisreadingthisbookandhasundertakenahomerenovationintheirowncountry,willknowthestressesinvolvedandthisiswhenyouarespeakingyourown languageandcanmanage theproject! Imaginewhat itwouldbe likewhen you are trying to manage a home restoration project from a differentcountryandnotspeakingthesamelanguage!Through my masterclass “How to Confidently Renovate Property in Italy” wedelve into the trials and tribulations of purchasing a property with an illegalrenovation plus we discuss the importance of enlisting an English speakingarchitecttohelpyoudesignyourdreamhome.Howdoyouknowthatthepropertyyouareinterestedinbuyinghashadsomesortofillegalrenovationdone?A commonmisconception bymany is that the notary should be aware of anyillegalrestorationsdonetoaproperty.Yesthenotaryisgoodforunderstandingoutstandinglinesandknowledgeofheirsthatmayhaverightstothepropertyinquestion,howeverthenotarydoesnotvisitapropertyandcannotcomparewhatisdocumentedversuswhatactuallyexists.Thereforethenotary isnotthebestlineofdefensiveinanillegalrestorationsituation.It is imperative tohavean independentgeometra/surveyorwhocanverify thedocumentsofthebuildingatthelocalmunicipality“Comune”beforeanofferhasbeenmade.Thiscansavethepotentialbuyerahugecostlyheadacheinbuyingapropertythathashadsomesortofillegalrestorationdone.When we talk about restoration and construction, the next logical step isarchitectureanddesign.Picturethis…..youhavefoundyourdreamhome.Youhaveaclearvision insideyourmind about howyouwant theproperty to bedesigned. Youmeetwith alocal architect that doesn’t speak English and you try and muddle your waythroughdescribinghowyouwouldlikeyourpropertytobedesigned.Do you think your design vision is going to be clearly transmitted to thearchitect? Itsunlikely!Beingguidedby someonewhocannotonlyunderstandyourvisionbutalsooffertheirexpertadviceiscrucial.These days architectural software is super advanced and realistic and anyarchitectworthworkingwith,wouldbeabletodesignforyouyourdreamhome

usinga3Drenderingsoftwarebasedonyourexactrequirements,materialsandfabricsdesiredandsoforth.HolidayRentalsIf you are looking topurchaseproperty in Italywith the view to transformingintoasuccessfulHolidayRentalbusinessthenIcantellyoufromexperienceitistotallypossible.Butnotwithoutitscostsinvolved.TorunanAirBnbbusinessthereareseveraltaxes thatyouwouldneedtopay,andthis iscovered in thetaxelementof theprogramplusifyouarenotgoingtobelivinginItalyandmanagingthepropertyyourself,youwillneedtofactorincostsofPropertyManagement.NowPropertyManagementfeescanrangebetween25-40%oftherentalincomeearned. That might seem totally staggering for some, but having a reliablePropertyManagerisaninvaluableresource.Imagine trying todealwithburstpipes, electricityblackouts, floodingsorpoolissues outsideof the country? Its a nightmare. Let’s not also forget day todaytaskssuchascleaningandchangingofbedlinenandtowelsetc.Soasmuchasitdoeseatintoyourrentalincomeprofits,itisdefinitelyworthevaluatingthefactofhiringaPropertyManager.HolidayRentalHomeStagingDid you know that the Holiday Rental industry exceeded $38B worldwide in2018?More andmore people are opting for a Holiday Rental over traditionalhotels.Peoplewanttofeelahomeawayfromhomebutwithmoreluxurycomforts.AndthefacttheHolidayRentalindustryisboomingandespeciallyinItaly,youwanttomakesurethatyougotheextramilewithfurnishingyourproperty.Iamnottalking about extravagence but being smartwith your furniture choices, usingqualityandsustainablematerialsthatwillstandthetestoftime.Haveyouthoughtaboutwhoyouridealclient/guestis?WhattheirstrugglesarewhenlookingforapotentialHolidayRental?Whataretheirlikes/dislikes?InmymasterclassonHomeStagingforHolidayRentals,wedelveintothepsycheof your ideal guest andhow to attract your ideal client, and better yet, repeatbookingsandreferrals.PeaceofMind

IknowthatinsomepartsofthisebookitmightseemlikeIamgoingthroughtheworst case scenarios. I am not trying to scaremonger or put anyone off. But Iwant the readers of this book to understand that these sorts of worst casescenarioshappenregularlyintherealestateindustryhereinItaly.YesthereistheexcitingsideofbuyingapropertyinItaly,sippingaSpritzinyourlocalpiazza,buyingfreshproduceandenjoyingincrediblygoodfoodandwineatathirdofthecostofwhatitwouldbeinyourowncountry…..allofthesethingsarepossibleinItaly.Butlet’snotforgetthatItalyisabeautifulchaosandfullofbureaucracy.SotobeguidedbypeoplewhonotonlyspeakyourlanguagebutalsospeakItalianisaninvaluable resource. Having someone guiding you that is acting as a bridgebetweenbothculturestohelpcreateasmoothpropertytransactionisvital.Especially if you are based in another country and not able to manage thepropertytransaction/renovation,youneedtohavethatpeaceofmindknowingthatyouarebeingguidedbypeoplethatyoucantrust.ItisforthissolereasonwhyIcreatedmyprogram.TohelpremovethefearanddoubtsthatpeoplehaveregardingpurchasingpropertyinItalyandtoreplaceitwithanewfoundpassionofyourexcitingnewchapterinlife!

Chapter3.ClientTestimonialsThebiggestsatisfactionformeindoingwhatIdo,isgivingvalueandguidingmyclientstostartingtheirnewlivesinItaly.Itliterallyfillsmeupandtoreceivesomany incredible testimonials in such a short space of time, gives me thesatisfactionofknowingthatIamprovidinganinvaluableservicebutalsoreallygivingmyclientssomuchclarityandknowledge.Below is a snapshot of some of the testimonials I have received from pastparticipantsinmyprogram.Jacci“I couldn’twatch in real time,but, havewatched the videonowand readall thequestions brought up forweek one, very informative and certainly highlighted afewpointsformeasIheadouttoCetonatomeettheagentandseetheproperty”.Alison“Nikki,thankyouforcomingintomylife!Yourresponsiveness,candoattitude,andwillingnesstohelpisamazingandIappreciateyou”.Lissa“I just wanted to let you know – my confidence in you skyrocketed after thisparticularmodule. Even if I plan on buying property later, I feel somuchmorereassured that I chose the right advisor to partner with for this particularendeavour.Sothankyouforincludingmeintheprogram,evenifIamnotexactlyyourtargetmarket”.Kathy“I just re-watched the video, as Iwas late. Itwas great! Feel like this is the bestthingwecouldhavedone.Thankyouforyourkindnessandpassionandexpertisewithallofthis!”Alison“Ifanyoneisonthefenceaboutthisprogram,doit.Youwillnotbesorry”.Jerry“Ijustwanttothankyou,NikkiforputtingthistogetherbecauseModule1wassopositive, practical and informative we both feel like this dream of ours mightbecomeareality”.

Chapter4.The€1HomesThetopicofthe€1hascausedquitethestirinthemediawithmixedopinionsandperceptionsoftheactualtruthofwhattheprocessinvolves.Iwouldn’tblameyouifwhenyouthoughtaboutthe€1homesandtheconditiontheymightbein,youmightenvisionapileofbricksonablockoflandresemblingsomethinglikeHadrian’swall!But,uponcloserinvestigationitismostcertainlynotthecase.Therearesomebeautifuloldhomesthatarestillintact,thatsimplyrequirealightrenovationandlotsofTLC.Yesitisobviousthatyouwillneedtoinvestmoneyintoarenovationproject,thereforethe€1homeisnotforeveryone,butifyouhaveacreativeeye,andapassionfortransformationthenthiswouldbetheidealprojectforyou.TobeabletopurchaseyourownsliceofLaDolceVitaforlessthanacupofcoffeehashadmanypeoplewonderingwhetherthisissomekindofscam.ButmanytownsinItalyhavebeenusingthe€1homeinitiativetorevitalizetheirvillagesandinjectnewlife.LaDolceVitaonashoestringThereissomethingquiteenchantingaboutimmersingyourselfinto“veraItalia”orrealItaly,andlivinglifelikeoneofthelocals.Atotalchangefromthechaosofyournormallifeofwhichyoumightbeitchingtogetawayfromandadaptintoaslowerpace,where“dolcefarniente”(thesweetnessofdoingnothing)isanartform.Imaginewalkingtothenearestfarmtocollectfresheggsandmilk,topassbythestreetvendordisplayingallhisseasonalfruitandvegetablesandthenthelocalbaker,pickingupwarmbreadfreshoutoftheoven.CountrysidelivinginItaly,wherethejourneyfromfarmtoforkisashortoneandtheydon’tsaytheMediterraneandietisthenumber1intheworldfornoreason.NowthatIhavepaintedtheromanticvisionforyouofadreamlifeintheMediterranean,let’sgetdowntothefactsofwhatitreallymeanstopurchasea€1home,wheretheyareandwhatkindofconditiontheyarein.TheBuyingProcedureThebuyingprocessfora€1homeisgenerallythesameasbuyinganormalproperty.Itwillbesplitinto3phases:

1. Theproposalofpurchase(orreservationoffer)

2. PreliminaryContract3. DeedofSale

Howeverthereareafewdifferences.Ifitissoldthroughacomune(municipality)thecontractswillhavespecificrulestocompletefordepositsetc.Ifitissolddirectlyfromtheowner,itisastraightprivatesalebetweenthebuyerandtheseller.Thebuyerwillpayalltheclosingcostsandforanymissingdocuments(shouldthatbethecase).WheretheyareLetustakeatriptoNicosia,alittletowninSicilypercheduphighonthehillwithpanoramicviewsallaroundtheforestandgreenerywhichsurroundsthetown.Nicosiahasahandfulof€1homesonofferandalso“gifthouses”.Agifthouseisagoodqualitybutlowcostpropertywheretheowner(s)nolongerwishtohavethepropertyandarewillingtosellitforaminimumof€1.Manypropertiesarehandeddownthroughinheritanceandmaybeofnointeresttothenewergenerationbutcontinuetocostthefamilymoneyintaxesandrepairs.Oftenitisbettertosellthepropertyontosomeonewhoiswillingtorestoreitandliveinitasitsintended.IfSicilyisnotyourthing,thenkeepyoureyespeeledforthenextreleaseofpropertiesthroughoutItaly,whichareofferedexclusivelyonhttp://www.1eurohouseproject.comThewebsiteabovehasbeendesignedwiththesolepurposeoftakingtheconfusionoutofpurchasinga€1homeandreplacingitwithclarityandastepbystepguideastohowtodoit.Peoplehavebeentrawlingtheinternetformonthsandcomingacrossdeadendswhentryingtoobtaininformationonthe€1homesandmostofthelocalwebsitesarewrittenonlyinItalian.TheinformationhereiswrittenallinEnglishwithasupportnetworkofpeoplehelpingyouachieveyourdreamofowningyourownsliceofItaly.Whatkindofconditionarethepropertiesin?Thepropertiesareallinneedofsomesortofrenovation.Itwouldbenaïvetothinkthatyoucouldpurchaseapropertyfor€1orlowcostandnotimaginethattherewouldnotneedtobesomesortofinvestmenttorestoreittoitsformerglory.Nowasmentionedabove,someofthepropertiesareinneedoflightrenovationsnotacompleteoverhaulandtotallyburstingwithcharacterwhichisyearningtobebroughtbacktoitsoriginalstate.

MasterClassIhavedecidedtoputtogetheramasterclassdedicatedspecificallytopeoplewhoarelookingtopurchasethe€1orlowcosthome.Itisacondensedversionofmy5weekprogrampackedwithinformation&valuethatwillgiveyouanabundanceofclarityandguidance.Themasterclasswillcover4modules:

- Thepropertybuyingprocess–coveredbyEnglishspeakingpropertylawyerandinvestorAlessandroClemente

- ThetaximplicationsofbuyingpropertyinItaly+7%flattaxregimeforretirees–coveredbyColinJamieson

- HowtoMitigateCurrencyRisk–coveredbyCallumGentfromSmartCurrency

- Howtoconfidentlyrenovateproperty–coveredbyDavideBufalino–StructuralEngineerfromNYC

IhavealsoincludedaBONUSMODULE,whichis:-HowtoHomeStageyourHolidayRental,whichhasbeenwrittenby–JessicaGreco,amemberoftheNationalHomeStagingAssociationinItaly(AssociazioneHomeStaging).Thehomestagingmodulegoesintoindepthdetailastohowtotapintothepsycheofyouridealclient/guestandtheirneedsandwantsplusaroombyroomanalysisastohowtocorrectlydesignyourproperty.Itisanextremelyvaluabletoolforthoseofyouwhoareplanningontransformingyour€1homeintoasuccessfulandprofitableHolidayRental.Themasterclasswillconsistofavideoandhandbook,whichyoucanrefertoasmanytimesasneeded.Formoreinformationonthemasterclass,pleaseheadovertohttp://www.1eurohouseproject.comIhopethisbonuschapterhasgivenyousomeclarificationbutmostimportantlyinspirationandmotivationtorealizeyourdreamofowningyourownsliceofLaDolceVita!!

Chapter5.ContactMeIf you have gotten to this part of the book it means that I have held yourattention and that is a great start! If you would like to join my free onlinecommunity “HowtoConfidentlyBuyProperty inItaly”thenclickonthis link :https://www.facebook.com/groups/2433791586902154/ForallinformationonmyProgramandMasterclassespleasefeelfreetocontactmeviaemailat:nikki@italy-propertyconsulting.comFormoreinformationvisitmywebsite:www.italy-propertyconsulting.comWe are entering into a newdecade.Now is the time to put those dreams intoactionofpurchasingaproperty in Italy and I foronewould love tobeable toguideandsupportyouthroughthisincrediblelifechangingjourney.HereistoyoucreatingyourownsliceofLaDolceVita!Apresto!Nikki