C
alifornia resident Lorrah Minton has discovered a lucrative real estate opportunity in Italy, where she purchased a stunning 3,000-square-foot home with six bedrooms and two kitchens for just €57,000 (approximately $62,200). After a complete renovation costing around €70,000 total, the property is now a remarkable deal. In comparison, Minton's primary residence in California, valued at $504,000, is half the size at 1,500 square feet and has only three bedrooms.
Minton plans to spend most of her time at her Italian home and rent out her California house for an additional income stream. She also intends to buy a second property with her brother for €31,000, which she will rent out, and is considering purchasing a third house with her sister to generate more income through short-term rentals.
With rental income from both Italy and California, Minton expects to live comfortably off her investments, allowing her to retire in about two years. Her experience highlights the potential of Italian real estate as a goldmine for investors, offering affordable prices and opportunities for significant returns on investment.
realestate
Italian Real Estate Booms for Savvy Buyers: 6-Bedroom Villa Sold at Bargain Price of €55,000
Lorrah Minton discovers affordable Italian real estate gem in Mussomeli, buying a home for €57,000.
Read More - realestate
realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
Read More - realestate
realestate
Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
Read More
realestate
Did a Senior Mayoral Staffer Sacrifice Everything for Chick-fil-A?
Ingrid Lewis-Martin accused of expediting real estate project for cash and gifts for son