Great Airbnb rental in Palermo

[Dick]

It was very easy. I was in BA on vacation and was looking to buy an apartment. I love BA! I fell in love with the city. Great quality of life. Beautiful woman, great steaks. What more can you want? I found @BuySellBA and it was very easy and hired them and they found several potential investments for me. I had to get my tax ID #. Went to their lawyer and she got my CDI and I signed a power of attorney for them to sign for me and they did all the paperwork for the down payment and purchase.

I got a great price! Mike negotiated for me to get a discounted price if I paid more money up front. It was very easy. I just wired money to a dollar account. Very quick and easy!

My mom died a few months after the purchase. I had planned to move down to BA but I had to deal with too many things back home so I decided to sell it. I never made all my payments for it but they told me it wasn't an issue selling it. I hired @BuySellBA again and this time to sell the property for me and sign. I had to fill out another power of attorney. The toughest thing was I had to get an Apostille on it from Canada which took some time but just sent DHL and then they took care of selling it.

The developer was great. I had to pay them a % fee to handle the paperwork exchange of buyer. I also had to pay them a realtor fee to find a buyer. But the property appreciated so much. I had multiple offers. I didn't have to do anything. I couldn't even fly down to BA. They did everything for me and the new buyer just wired to my dollar account. It was very easy.

Thank you for that explanation.

When I bought my apartment I had to walk away from one purchase because the owner was adamant on declaring only 50% of the real price. I refused and walked away.

Even on my 2nd one that I ended up buying I had to reduce the actual price. Seems to be a constant issue.

Question did you run into that on your property? Or did they use the true price?

What about when you sold? You had a big capital gain from the increase. Was that real price recorded on the paperwork? Or did you just pocket that cash? I am meeting many well to do locals that tell me this is their main investment strategy here. They buy in off plan developments at ground breaking and then sell before it finishes. The returns seem very profitable. It sounds like that is basically what you did?