Purchased my first property!
Just wanted to share that I closed on my first real estate property!! It is a duplex in Lake Worth, Florida (Palm Beach county), and I will be house hacking.
I was able to get an FHA loan so I only put 3.5% down and got a nice interest rate of 2.875%. No major renovations needed which is what I was looking for because i needed a place to live before my current lease ended, AND I do not yet have the rehab skills or network of contractors to take on a major flip. I am repainting all walls and other minor fixes.
Unlike most properties in that area, this duplex is on a small gravel private road by a canal so there is no thru traffic and a lot of privacy. I also own the lot behind it which, for now, is just a huge back yard.
Super excited to have taken my first step down my journey as a real estate investor! Thank you to everyone on BP who helped answer questions along the way.
