Continued posts are hidden from home page
NACA is the Neighborhood Assistance Corporation of America. Their website is NACA.com. (Don’t get it confused with NACA.org.) NACA is a non-profit organization. It’s not like a bank. If I ask a bank for a mortgage, I first have to get a house under contract at a specific price, and …
If you recently read the duplex scenario, the quadruplex suite scenario is very similar. I would buy a four-family building rather than a two-family building. Again, I don’t think this scenario is as good as the room mate scenario or in-law-suite scenario, because there are fewer quads around to purchase, …
If you recently read the room mate scenario, the duplex suite scenario is very similar. The only real difference is the rate at which I get to 10 rentals. So if you haven’t read the room mate scenario yet, please read it now and then also read the in-law suite …
If you just read the room mate scenario, the in-law suite scenario is very similar. The only real difference is the rate at which I get to 10 rentals. So if you haven’t read the room mate scenario yet, please read it now. In the in-law suite scenario, the first …
The room mate scenario goes like this. I find a 3-bedroom house that fits all my regular criteria for renting it out, but instead of renting it out to a single family, I live in one bedroom myself and rent out the other two bedrooms to two room mates. Obviously …
But how could I start investing in real estate if I had no money? The answer is a non-profit charitable organization called NACA, that offers loans with no down payment and no closing costs. The magic is that they loan money on “income producing properties”. I would have to live …
The kind of real estate I like to invest in is SFR’s, Single Family Residences. These are detached houses. They’re all over the place, they’re on the market all the time, they make good income producing properties as rentals, and most importantly… they’re very liquid. If you decide you won’t to …
What I mean by “Buy and Hold” is that you buy a piece of real estate, and then old it for the long term. While holding it, you rely on income that the property produces, such as rental income. My personal experiences have been much better buying and holding real …