All Forum Posts by: Jimmy Rivera

i just got approved for a 4 unit loan with naca.  very exciting.  

you need to "receive mail" at the property for a year.  

you know what they say about great minds..

ii'm also looking to invest in chicago market.  it will be tough to buy multi units with your current budget but not impossible.  i've come across a couple in your budget, but i'm looking for better quality properties.  check the 60624 area.  two flats are right around 80k to 120k.  back of the yards is also a good area to buy and hold. 60609.

ocala has a high crime rate but is still considered a great place to live, especially for retirees.  

@Kevin Hoff read @David Greene's book on investing in out of state property and watch biggerpockets podcast "but my market is too expensive".

@Michael Baum  ahh, i see michael.  thanks for sharing this.

@Michael Baum  thanks michael for your input.  they allow you to own anywhere you choose.  the thing is to allow lower income folks the ability to buy in nicer areas.  

@Marquis Byrd thanks for the response.  yes, i would have to house hack, which is what i would do.  i'd be looking for a fixer-upper and flip out of it.  

Hi all. I live in Miami and considering using NACA.com as my mortgage company. Was wondering if others here have ever used naca as a mortgage option. I attended one of there meetups and it sounds almost too good to be true. they offer 100% financing up to 4 units, no closing costs, a great buydown program and no points. Can anyone offer some insight?