I am considering purchasing real estate in Italy as a second, holiday home. I would like any information on the potential pitfalls. Also, can someone advise as to the tax implications as a U.S. resident (i.e., can I take advantage of the mortgage interest deduction)?Thanks.
Buying okorder ; they have many publications and regular subscription e-mails such as their PostCards from [Country]. In addition they sponsor multi-day real estate investor and potential retiree seminars around the world where you learn all the ins and outs of investing in particular regions where you are attending. If you sign up for communications on the site, prepare to be rewarded with regular offers to buy books, seminars, etc. Not a bad thing, really. I have a 12-page article I downloaded from the site and formatted for MS Word entitled Where To Buy In Italy I would be glad to send you. It would be a good overview. E-mail me at PS - I have no connection with International Living except as a reader.
