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Updated almost 3 years ago,
First Time Buyer; Duplex
What's up guys,
First time investor here in Florida, west palm beach area.
Im about to close on this property, home inspection is tomorrow.
500K duplex, 3 Bed 2 Bath each side. 2300 Sq ft total. Has decent size backyard. (Appraisal came back at 500k)
FHA loan, 3.5% down
4.25% morgage rate (from morgate broker, i know this is high, but rates spiked)
Each unit can rent for 1900 - 2200 per month, but I would be living in one side for a year.
House is newly painted (2022), new AC units (2021) , interior looks dated and will repaint the inside.
Any advice is welcomed! (Good or bad)