Love the way how you walk around the streets before touring the homes. Thanks bro. Love Italy since childhood and it is my top 2 place for retirement. I love Rome and Sorrento, it will be nice if you show homes in those downtowns.
I want to buy something in Rome but the really hot areas in center are so expensive. I am going to try to set up some fractional ownership condos that would rent and also all members of the investment get a yearly stay there too. Still working on legalities! Thanks for watching! BRAD
Great points regarding pricing, as it depends so much on where you are. My opinion is that the asking price is a bit high for Montepulciano, but as you said, it’s the ASKING price. Given the parking challenges of the centrò storico (as in most old Tuscan villages), the garage is a big part of the value here. Great video Brad. Looking forward to catching up with you in May…
Me too! Always great to see people. Had a viewer from Texas arrive last night. They had dinner in our favorite restaurant and they are buying a place I showed a month ago. It’ll be a neat project for them.
That wine collection must be worth as much as the property. I'd love to have a bottle of that Chianti. It's some of the best wine in the world. Better than French. 😂😅😂😅😂 Maybe I'm just partial since I'm part Italiano and not French. 😂😅😂😅😂 I think the price is pretty good for the location. Thanks, Brad and Oly. Give the boys a hug and a milk bone for me. Cia!
We’re finally working a deal for ourselves but like everything here the big purchases are fraught with issues and multiple family members so we’ll see. However, the property has a wine cellar that must have 400 bottles of wine from 1971 through 1975. The houses we are looking at were remodeled in 1978, so I’m guessing they had a pile of money at the time, bought and fixed the property and stocked up their wine cellar, which would make the wines about 3 to 5 years older than when they did the property. I think the cellar holds a total of 900 bottles. If we get the place, I’m sure they will just want to leave it all for me to clean up but I’m guessing a few of them have to still be in pretty good shape it’s an cool underground seller. 🤷🏼♂️
@BradsWorld As long as the wine has never gotten hot and the cork is not bad and dried out, the wine will just get better with age. I've heard of people paying tens of thousands of dollars for 100+ year old wines from France like Lafitte de Rochshild.
So can you not use that storage space for anything else? not even extra bedrooms possibly. Does the open bay Across the outside light well go with the apartment as well.
Yes everything that I reasonably show in the video is included. Everything on that level through the garage door is included. You can't have bedrooms without sufficient ventilation windows etc. etc. so unfortunately you can't just throw a bid in everywhere that you can think of. There's buildings on either side of it so the only window would be going out to that light well green area...
I haven’t watched over the Air TV in probably 20 years… I don’t actually watch much TV except for maybe something on Netflix once in a while. The Italian TV that I’ve seen is mainly game shows or commentary shows with people yammering back-and-forth. American, and other foreign shows have to be dubbed into Italian by law, and there’s no English subtitles. But it’ll certainly help you pick up your Italian faster.
Brad, When people do remodeling, why don't they install clothes dryers???? I must have watched 100 videos over several different channels, and I've probably only seen places with actual clothes dryers in less than 10 locations. Most of those locations are over 600k euros. Are dryers that expensive? What about garbage disposals? I never seen one of those. Don't Italians believe in garbage disposals?
Disposals no. We have specific trash days for organic waste. Lots of places have very ancient waste water systems. Dryers: we mostly hang dry. Yes electricity is very expensive here. We did two loads yesterday and used hang dryers. It was done in just a few hours. Even though electricity is very expensive our bill runs about €120/mo. Like to keep it that way!
@@BradsWorld Wow! €120. I’m assuming that because of the heat and you have the air conditioning on all day and night. What is heating like in cost for winter? To help me gage cost what is the square footage of your home? I keep falling for these large homes, but I wonder what the Italian cost will be compared to USA prices.
@@jadoremakeup1422 ours is about 1200 sq ft. 3/2. We pay about €2000/year for gas so that is all the heating and all the hot water for a year. We don’t use air conditioners very much. There’s only about eight weeks a year that we need it and we don’t run it all day because we’re not usually at home. We actually only have it in the master. Couple weeks got so hot that we did stay in one of our rental apartments. It was for five or six days here and there because they have full AC.
@@BradsWorld OMG!! €120 a month for electricity not caused by AC is a lot of money! NOW, I understand why Italians don’t have dryers. That used to really bug me and now it makes total sense. I live in the Pacific Northwest. My place is larger than yours and everything is electric. I don’t spend that much for electricity even in the winter. Thank you very very much for sharing. This information helps me a lot.
Love the garage but you're not getting a car thru that opening, and the apt is way too small. The kitchen layout is poorly planned, the cabinets are cheap laminate. In the living room there is no focal point, like a main view window or a fireplace.
We just toured a house for ourselves that has a wine cellar with over 400 bottles from the 1970's in it. I think they remodelled the houses and stocked the wine cellar and never really got around to drinking all of it. I can't show it or location yet because we are actively working the deal right now. Hopefully soon! We need our forever home! Thanks for your comments like always!!
Montepulciano = Tuscany Region. Your taxes will be 40% if you make any money at all, if you become a tax resident. Taxes will be 28% if you rent it out to anybody. Unreinforced structure, earthquake country, wouldn't want to think about that...
Tuscany Region = Probably safest earthquake region in Italy. Watch my recent video with earthquake maps. Town’s buildings are 500 years old and still standing. 🤷🏼♂️ Yes taxes here for income are higher but top line tax rate here is only six percentage points higher than in the United States (37%) for example. Probably less than Canada or UK or France, etc. But what people don’t think about is how much your taxes for healthcare, and how much your taxes for property tax and how much your taxes for state income tax are. None of those taxes exist here… So if you make €100,000 and your tax bill here is €43,000, and you make 100,000 in the US and your federal tax bill is €37,000, and your property tax bill is €15,000 like mine was Texas, And your healthcare cost you €16,000 a year like mine did in Texas for two people for premiums because we were self-employed, you’re up to about a 70% tax rate. Just for the record, there is a flat tax that you can pay on rental income of 21%. You can’t use any deductions you just pay 21% of the gross or you can pay regular income tax and take your deductions against the income. It just depends how many deductions you have and how much you want to mess with it. If you’re paying cash and don’t have interest expense, it’ll probably work out better just to pay the flat tax.
Love the way how you walk around the streets before touring the homes. Thanks bro. Love Italy since childhood and it is my top 2 place for retirement. I love Rome and Sorrento, it will be nice if you show homes in those downtowns.
I want to buy something in Rome but the really hot areas in center are so expensive. I am going to try to set up some fractional ownership condos that would rent and also all members of the investment get a yearly stay there too. Still working on legalities! Thanks for watching! BRAD
Wow, love that garage space💙. Nice apartment too.
Garage so clean!
I’d love to do an AirBnB analysis on this place. It’s a shame you could not develop the garage. Would have great potential.
Wow! So nice!
Thanks, Brad!
You are always welcome!! BRAD
The apartment is small but attractive..the unknown is what can happen in the garage . It's where I see value...maybe THANK YOU 🎉
Your welcome! There is a 3 bedroom coming up in a modern building with 270° views. Just €220K. Just DIY stuff to do to it.
Great points regarding pricing, as it depends so much on where you are. My opinion is that the asking price is a bit high for Montepulciano, but as you said, it’s the ASKING price. Given the parking challenges of the centrò storico (as in most old Tuscan villages), the garage is a big part of the value here. Great video Brad. Looking forward to catching up with you in May…
Me too! Always great to see people. Had a viewer from Texas arrive last night. They had dinner in our favorite restaurant and they are buying a place I showed a month ago. It’ll be a neat project for them.
That wine collection must be worth as much as the property.
I'd love to have a bottle of that Chianti.
It's some of the best wine in the world. Better than French. 😂😅😂😅😂
Maybe I'm just partial since I'm part Italiano and not French. 😂😅😂😅😂
I think the price is pretty good for the location.
Thanks, Brad and Oly.
Give the boys a hug and a milk bone for me.
Cia!
We’re finally working a deal for ourselves but like everything here the big purchases are fraught with issues and multiple family members so we’ll see.
However, the property has a wine cellar that must have 400 bottles of wine from 1971 through 1975. The houses we are looking at were remodeled in 1978, so I’m guessing they had a pile of money at the time, bought and fixed the property and stocked up their wine cellar, which would make the wines about 3 to 5 years older than when they did the property. I think the cellar holds a total of 900 bottles. If we get the place, I’m sure they will just want to leave it all for me to clean up but I’m guessing a few of them have to still be in pretty good shape it’s an cool underground seller. 🤷🏼♂️
@BradsWorld As long as the wine has never gotten hot and the cork is not bad and dried out, the wine will just get better with age.
I've heard of people paying tens of thousands of dollars for 100+ year old wines from France like Lafitte de Rochshild.
So can you not use that storage space for anything else? not even extra bedrooms possibly. Does the open bay Across the outside light well go with the apartment as well.
Yes everything that I reasonably show in the video is included. Everything on that level through the garage door is included.
You can't have bedrooms without sufficient ventilation windows etc. etc. so unfortunately you can't just throw a bid in everywhere that you can think of. There's buildings on either side of it so the only window would be going out to that light well green area...
By the way, how is Television over there, subtitles I guess? Just curious.
1976, I was 11 years old!
I haven’t watched over the Air TV in probably 20 years… I don’t actually watch much TV except for maybe something on Netflix once in a while. The Italian TV that I’ve seen is mainly game shows or commentary shows with people yammering back-and-forth. American, and other foreign shows have to be dubbed into Italian by law, and there’s no English subtitles. But it’ll certainly help you pick up your Italian faster.
Brad, When people do remodeling, why don't they install clothes dryers???? I must have watched 100 videos over several different channels, and I've probably only seen places with actual clothes dryers in less than 10 locations. Most of those locations are over 600k euros. Are dryers that expensive?
What about garbage disposals? I never seen one of those. Don't Italians believe in garbage disposals?
Disposals no. We have specific trash days for organic waste. Lots of places have very ancient waste water systems.
Dryers: we mostly hang dry. Yes electricity is very expensive here. We did two loads yesterday and used hang dryers. It was done in just a few hours. Even though electricity is very expensive our bill runs about €120/mo. Like to keep it that way!
@@BradsWorld Wow! €120. I’m assuming that because of the heat and you have the air conditioning on all day and night. What is heating like in cost for winter? To help me gage cost what is the square footage of your home? I keep falling for these large homes, but I wonder what the Italian cost will be compared to USA prices.
@@jadoremakeup1422 ours is about 1200 sq ft. 3/2. We pay about €2000/year for gas so that is all the heating and all the hot water for a year. We don’t use air conditioners very much. There’s only about eight weeks a year that we need it and we don’t run it all day because we’re not usually at home. We actually only have it in the master. Couple weeks got so hot that we did stay in one of our rental apartments. It was for five or six days here and there because they have full AC.
@@BradsWorld OMG!! €120 a month for electricity not caused by AC is a lot of money! NOW, I understand why Italians don’t have dryers. That used to really bug me and now it makes total sense. I live in the Pacific Northwest. My place is larger than yours and everything is electric. I don’t spend that much for electricity even in the winter. Thank you very very much for sharing. This information helps me a lot.
Love the garage but you're not getting a car thru that opening, and the apt is way too small. The kitchen layout is poorly planned, the cabinets are cheap laminate. In the living room there is no focal point, like a main view window or a fireplace.
Have you seen the micro cars they drive here? 😂😂 Plenty will fit, just not the big Ford SUV!
I don’t suppose the wine comes with the property? Lol
We just toured a house for ourselves that has a wine cellar with over 400 bottles from the 1970's in it. I think they remodelled the houses and stocked the wine cellar and never really got around to drinking all of it. I can't show it or location yet because we are actively working the deal right now. Hopefully soon! We need our forever home!
Thanks for your comments like always!!
Montepulciano = Tuscany Region. Your taxes will be 40% if you make any money at all, if you become a tax resident. Taxes will be 28% if you rent it out to anybody. Unreinforced structure, earthquake country, wouldn't want to think about that...
Tuscany Region = Probably safest earthquake region in Italy. Watch my recent video with earthquake maps. Town’s buildings are 500 years old and still standing. 🤷🏼♂️
Yes taxes here for income are higher but top line tax rate here is only six percentage points higher than in the United States (37%) for example. Probably less than Canada or UK or France, etc.
But what people don’t think about is how much your taxes for healthcare, and how much your taxes for property tax and how much your taxes for state income tax are. None of those taxes exist here… So if you make €100,000 and your tax bill here is €43,000, and you make 100,000 in the US and your federal tax bill is €37,000, and your property tax bill is €15,000 like mine was Texas, And your healthcare cost you €16,000 a year like mine did in Texas for two people for premiums because we were self-employed, you’re up to about a 70% tax rate.
Just for the record, there is a flat tax that you can pay on rental income of 21%. You can’t use any deductions you just pay 21% of the gross or you can pay regular income tax and take your deductions against the income. It just depends how many deductions you have and how much you want to mess with it. If you’re paying cash and don’t have interest expense, it’ll probably work out better just to pay the flat tax.