Looking for an Affordable Home Under $150,000?
Whether you are a first time home buyer, investor, or simply looking to buy affordable real estate in the DFW Metroplex, you have come to the right place!
I’ve created a special list that contains all CURRENT affordable homes under $150,000 for sale. Below, you will be able to sort by area to better find what you are looking for. If there is something specific that you are looking for, please feel free to contact me and I will be happy to narrow down your search of affordable homes under $150,000.
Tired of Renting?
If you have been renting and are curious how to buy your own home, know this… it is not a scary process! Especially when you have someone like me to help you through the process. One thing people generally do not know is that when you buy a home and have the experience and expertise of a Realtor, you do NOT pay anything for the Realtor’s service! That’s right, the seller pays the Realtor fees. So know that you will have a professional helping you look for the right affordable homes under $150,000 for you.
So why buy instead of rent? This is a question that I get asked a lot. When you buy a home, your monthly payments are reducing the amount of money you owe on that property. Eventually over time, you will pay off that house and not have a mortgage payment any longer. When you rent your home, you are making the mortgage payment for whoever owns the place you are living in. Therefore, you are paying off their mortgage and once that is paid off, you are putting money in their pocket! Wouldn’t you rather put money in your own pocket?
If you were to purchase one of the great, affordable homes under $150,000, your mortgage payment would most likely be less than what you are currently paying in rent every month. In fact, at a 4% interest rate for 30 years, the principal and interest payment is only $716 per month! You would have to add taxes and insurance to that figure but it wouldn’t be too much.
When you are a first time home buyer or if it has been several years since you purchased a home, the process can seem overwhelming. That is why I created a blog that explains the process in easy to understand language. You can find that information here. Again, using my experience as a professional Realtor, I will help you throughout the process and I can even refer you to lenders that will loan you the money to buy a house.
Looking for an Investment Property?
If you have thought about becoming an investor in real estate, looking at affordable homes under $150,000 is a very safe place to start. Depending on the area, you could get upwards of $1,500 per month in rent and your monthly payment would more than likely be less than $1,000. That would be $6,000 per year in positive cash flow! By purchasing one of the many affordable homes under $150,000, you can make a great living for yourself!
Being an investor is a great way to earn extra cash flow and if you have enough of these properties, you could replace the income from your job. Most millionaires in this world got there by investing in real estate. By becoming a real estate investor, you will take great pride in your work. You will know that the money you are making is based on something you invested in and it will be important to keep that investment producing. Make sure your investment property is in excellent shape but inside and out so that your tenants will also take pride in the home they live in. Affordable homes under $150,000 are a great way to start your investment into the world of real estate and these homes are also fairly easy to rent out.
For more information about becoming an investor in real estate, read this blog post.