New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 05/14/2021
Just bought my first duplex in South Florida!
Hello BP Community,
I successfully closed on my first duplex in West Palm Beach Florida. I got so lucky and I am now running into funding issues. I am 25 and have good credit at 755. The question is : what is the best way to borrow some funding (about 5-10k)? I am about to apply to multiple credit cards. I am scared to be honest and I hope some of you can reassure me that if I work the credit cards correctly, Ill be okay haha. I can take out a loan but in my mind that is even scarier.
The duplex was such a deal. I got sooooo lucky. It came with a tenant paying 1450 per month and I already got my first month payment. The seller got really mad over something and kept the security deposit. I don't know what to do about that either. Theres actually a lot of things I don't know what to do with haha. Ive been listening to the podcast for years now and Im just happy to finally have some skin in the game. I am going insane trying to get a contractor in here to build a wall for me so that I can move my GF and I in but it seems like no contractor anywhere is able to come on a weekend haha.
I look forward to interacting and learning and growing with everyone. I hope to buy another one within two years
Thank you