Italy: A California investor bought a 6-bedroom house - a dream come true!

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Lorra Minton has identified a major real estate opportunity in Italy

And now she can't get enough. According to Business Insider, Minton paid 57,000 euros ($62,200) last year for a house in Mussomeli, a town in Italy. After a complete renovation, she has invested about 70,000 euros into it, which is quite inexpensive considering it has 3,000 square feet, six bedrooms, and two kitchens.

Her primary residence is in California, and the cost comparison is almost unbelievable.

The opportunities in the real estate sector in Italy are so great that she decided to buy a second home with her brother for 31,000 euros, which they plan to rent out.

Minton loves traveling and she's planning to start spending a majority of her time at her main residence in Italy. While she is gone, she intends to rent her home in California to add another income stream to the mix.

Minton should have no problem bringing in thousands of dollars a month from the rent on her multi-million dollar home in California. Combined with her plans to rent in Italy, she should be able to live comfortably off the rental income. She plans to retire in about two years.