Purchased my first property!

[Nathan Olds]

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. 

[Benjamin Schenk]

Awesome man!  I'm looking to the exact same thing in that same area.  How'd you find the property? Was it on-market? What did you pay for the duplex?  Competition here is fierce so just wondering if you were still able to get it below list price to build equity and provide some good cash flow.  Congratulations on your purchase!