In short, while I do not know the interest rate for your mortgage I am guessing in the 4-5% range, by paying off the mortgage you got a guarantee return of 4-5%.

Yes those numbers are correct, but there are some details in this deal that are out of my normal comfort range.

I could try to convince him to lower the price to get to that 2% range, @Brandon Hall.

For an SFR, If you don't feel completely comfortable floating this purchase for a year without any renters, you're looking in too high of a range.

I'm in a neighborhood with mostly small 2BDRs, in the $700K range.

I'm working a newer farm and my marketing brings me calls every week for SFHs and duplexes in the $200-350K range.

I'm married, have 2 kids and love to ride in my Range Rover Classic, both on- and off-road.Would love to get in contact with people that are also from the Netherlands and are investing in Real Estate.

I wish I got a market in a lower price range for my real estate start.

These homes range between $85-120 in the Houston area.

$150,000 is a good price range, but by learning your market, you will have a better understanding of what a $150,000 price means in terms of the quality of property you can buy.