All Forum Posts by: Brooke Villanyi

I just asked in the online chat and they said non married people can be co borrowers, (however I have received contradictory info on that chat before) so I might find out something different at my intake. The reason I would JV is because they cap how much you can borrow to 1/3 of your income, and it would be very difficult to find a good deal for the amount I would qualify for.

As far as the competitiveness goes... I've read on their website that NACA members get access to the First Look program, so you would get priority on foreclosed properties before they go on market.

I would love any recommendations for people to work with! I appreciate it thank you!

Hey guys!

I've been doing a ton of research and trying to get started in investing. I was interested in potentially house hacking a SFR or MFR in Los Angeles, most likely in Inglewood area next to new Rams/Chargers stadium. There is likely to be much appreciation in the area over the next 5-10.

I'm thinking of trying to do the NACA loan route, as they do not charge PMI and you can do 0% down if you choose. I know there are many hoops to jump through, but I'm throwing away a lot of money each month on rent, so I think it's worth it.

I'm putting this out there, on the off chance that there is another beginner investor out there in LA who hasn't purchased their first property yet (part of NACA qualification is that it is your only property at time of purchase) and is interested in trying to house hack here.

** Once you have the NACA loan, they don't restrict you from buying other properties.

Feel free to reach out, would love to chat and see if I can find a like minded individual to get off the ground with.

Thanks,

Brooke Villanyi