How To Buy A Multifamily With NACA

Mark Jones Founder of Living Rent Free shares how he was able to acquire a million dollar multifamily near downtown Los Angeles using the NACA program and walks us through the numbers on the deal

[@5minuteswithmimi395]

I’m looking to buy a multi family and I’m documenting my journey. Thanks for the video!

[@BlackWealthRenaissance]

You can do it!

[@BoomBAPSuede]

I wonder what those back end number of the NACA deal look like. Closing on that property had to be expensive. And with those rules about selling/ moving out I doubt it was as easy as he made it seem.

[@prettykitty5416]

Yes, you HAVE to live in one of the units for at least five years. This was a year ago and now I’m hearing the updated rules are that you must live in the property for the LIFE OF THE LOAN. Which is crazy! No one wants to live in an apartment complex for the next 15-30 years 😫🙄. Yeah sure you own it but still.

[@CleanLuxuryCosmetics]

@@prettykitty5416I’m in the program now. Not true.

[@CleanLuxuryCosmetics]

@@prettykitty5416plus. You can move anytime. You just have to pay them 5k per year you don’t stay out of the 5 years.

[@gg8723]

this didn’t talk anything about the title

[@NursetalkwithSheka]

How long did he have to be an occupant

[@jring383]

Min of 5 yrs until he could refinance it

[@prettykitty5416]

I’m seeing the new rules are that you have to stay in it for the LIFE of the loan. So 15-30 years. Someone told me the rules have changed recently this new year for 2024😢

[@NursetalkwithSheka]

@@prettykitty5416 that’s INSANE

[@sonmychest2757]

Due to a 25,000 lien you have to stay 5 years, after that you can move around.

[@realicepick285]

@@prettykitty5416 that's not correct. for multi family it's still 5 years.

[@CWTGD]

Dallas is not a State

[@CWTGD]

Janelle Monea is harder than Kelly Rowland