Boab64's activity

Questions Asked

Hi All Italy Lovers, my wife and I are looking at buying an old restored 18th Century barn some 15km north of the centre of Rome (train to centre of town).

Fri, 02/17/2012 - 14:21

Hi all,I am in the process of contemplating the purchase of a B and B in Lazio which could also be used as a wedding venue. I am busily searching for finance within italy for this purchase.

Thu, 11/10/2011 - 08:25

Comments posted

Sat, 02/18/2012 - 12:12

Well, once again the knowledge on this forum never fails to impress me. Whilst this wasn't quite what I was looking for I have learned a very great deal and you have inspired me to educate myself further. A great deal of work has already been done and I didn't want to bore you with the whole story leading to this point. I do hope that you will maybe permit me to come back again to ask questions on various other points that need a more open point of view or opinion. Its so very easy to begin to believe your own hype (I mean me and mine). So sharing is very much a privilege I appreciate. Thanks again folks. The adventure continues.

Fri, 02/17/2012 - 16:09

Esme, I am quite genuine (how do I prove it?). I have nothing to sell at the moment but I can't part with the cash needed for this property without doing some research. I wrote it to sound positive but made it quite clear that this was only a what if. Maybe I should try another way but I thought I would give the good people of this forum a chance to say either "sounds ok", "nah wouldn't bother want to be in Rome" or some other such comment. And I still do notwithstanding what you say about most folks having their own places. What I dont want is to sit back in two years, in the prison after going bankrupt, with someone clever soul saying "should've checked the market out shouldnt ya?" Have you any ideas of any web sites that might better cater for the non house owners? I'll try to make my query less salesy next Robin

Fri, 02/17/2012 - 15:21

Esme, there is no hidden message other than " if my wife and I were to buy this place" might you possibly be interested in staying there. I am trying to do what all business advisors suggest when starting a new enterprise - market research. I thought readers of this forum might have a view. Now I have yours. Thank you.

Sun, 11/13/2011 - 07:19

Thank you folks for all your comments. It has been really helpful. On the basis that The ongoing economic situation should be seen as a challenge and not a brick wall, i intend to keep looking and so I do hope you will persevere with me if I continue to ask lots of questions. Thank you again. Its good to know there is a wealth of knowledge out there and good people willing to share it. Boab

Thu, 11/10/2011 - 18:55

Ram, thank you very much for your honest asessment of the situation. I don't know your background so please excuse me if I am asking for too much from you, but, on the basis that we were to offer to buy a property whilst remaining in the uk, using our combined salaries as 'guarantee', could we buy using a residential mortgage. Using the place officially as a holiday home but slowly building the place up as a business so that it then becomes a de facto business after a while. Why would the banks find out and what would be the result once we had borrowed the money? This is all assuming we could get a residential mortgage in any event. Is there something in Italian residential mortgages about not using for commercial purposes. And if you do - so what? What can they do? On the basis of "what if", what does anyone think of that idea? Has anyone else got experience of taking out commercial loans or residential mortgages to start a business? Boab