Food and drink is very expensive in Rome, but you can find some very nice cheaper cafes and restaurants if you come away from the main tourist areas.
There are hundreds of shops selling souvenirs but mostly selling the same kind of things, rosary beads and religious memorabilia.
You will never get to see everything in Rome in just a few days, but the easiest way to get an idea of the city is on an open top tour bus. They charge about 15 Euros and the ticket last for 24 hours. They will give you headphones which you plug into the socket beside your seat, and then you can listen to a running commentary of the places of interest that you are passing. Just jump off when you get to a place you want to visit and back on another bus whenever you feel like it.
St Peter’s is amazing. Try to avoid the weekend as it is extremely busy, but during the week hardly any queue. You have to go through the same security as you do at the airport to get in. If you go up to the dome, remember there are hundreds of steep steps to climb. They have a lift but this only takes you to the base of the dome. Do not forget to visit the shop run by the nuns inside. Where you will be able to buy rosaries that have been blessed by the pope. And look out for the Swiss guards as you leave the Vatican. They look really colourful and smart in their Orange, White & Blue Uniform.
The Colisseum will take your breath away. It costs 12 euros to get in but the queue is horrendous. For 20 euros join a guided tour. There are lots of people offering them outside. But make sure you choose someone who is wearing a licensed badge. You will not have to queue to get in, and that in its self is well worth the extra 8 euros. You will get a full guided tour of the Colisseum, The Palatine and The Forum which lasts about 2 hours. And if you’re lucky they will give you a ticket for a free tour in another part of the city.
However, before you get your advanced degree, it’s a good idea to familiarize yourself with the fundamentals. To that end, here are 5 basic tips for investing in real estate.
The old adage that �location matters� is most accurate when it comes to real estate expending. Before you fork over a down payment and put yourself in a significant amount of debt over a property, ensure that it’s in a good area.
Look for the defeat home on the best street. That’s a principle you will come across quite a bit as you delve into further real estate expending advice.
You want to invest in the defeat house on the best street because it gives you an opportunity to build equity. It’s a property in a great neighbourhood that needs some work. You can invest some money to fix it up and sell it to someone else who wants a ready to move in house in a good location. Professional real estate investors call this �fixing and flipping.�
Look for Wholesale Properties
Investing in real estate is just like expending in the stock market in at least one way, you are looking for the best deal. If you are a savvy stock market investor, you probably won’t buy too many stocks at their high if you plan on holding them for a long time. Instead, you will follow the Warren Buffet principle of getting greedy when everyone else gets fearful. You will buy stocks that are beaten down and make a fortune when they turn around.
That’s what you want to do when it comes to real estate expending. Avoid paying �full price� for properties. Instead, look for so called wholesale properties that are offered at a steep discount. Sure, they will probably need some work.
Understand the Tax Benefits
The people who run our government need private speculators to give housing for people. That’s because they know that if private speculators do not provide housing, then the government will be responsible for it.
To that end, Offers significant tax benefits to real estate investors. The most significant benefit, arguably, is the depreciation write-off. When you buy an investment property that incorporate a building, you get to write off the depreciation of that edifies as a tax deduction. You will have to consult your tax guide for specifics, but basically you can expect to reduce a residential building over 27 years and a commercial building over 39 and a half years.
Keep in mind that the IRS views your real estate investment efforts as a business so you also get to claim the necessary and ordinary deductions that business owners take, including maintenance expenses, mortgage interest and insurance. Again, it’s a good idea to consult your tax advisor about specifics.
Check Your Credit Report
You are more than likely going to need to borrow money to buy property. That’s why you should check your credit report before you begin expending in real estate.
If you have problems on your credit report that are mistakes, get those resolved as soon as possible. If you have problems that are legitimate, then you will need to work to improve your credit.
Simply put, banks are not going to loan money to you for a property that’s not your primary residence as readily as they will loan it to you for your own home. That’s why your credit has to be spectacular.
Wrapping It Up
Real estate investing offers the potential for fantastic returns. Still, people have also bankrupted themselves investing in real estate. Make certain that you know what’s involved before you being.