How To Buy A House With $0 Down in 2024 (BEST PROGRAM)
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- čas přidán 28. 01. 2024
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This episode is with Randy Louis, who has sold over $100 million in real estate and has also helped over 50 people buy properties with $0 down through the NACA program. Randy transitioned from a successful career in HR to becoming a top performing agent and investor in the DMV.
In this episode, we discuss gentrification, the NACA program step by step, how to grow your real estate portfolio through various programs and more.
How to find Randy
IG- @realestate_randy_dmv
Timestamps
00:00
00:03:04- Gentrification in Washington D.C.
00:05:59- Using a Section 8 Voucher to Buy a Home with the NACA Program
00:07:49- What is the NACA Program?
00:09:10 What Does the NACA Home buying Process Look Like?
00:11:29 NACA Program Reserve Requirements
00:13:17 How long do I have to live in the NACA property?
00:19:12 Real Estate Agent on NACA and Buying His Own Property
00:23:52 How to find clients as a Real Estate Agent
00:29:23 How to grow your real estate portfolio after using NACA
00:31:58 How to Buy a Vacation Home
00:34:16 How to Use the Neighbor Next Door Program
00:36:21 Being a Landlord in Washington D.C.
Free Resources
Download my free guide, How to Buy Your First Rental Property in 2024- www.outofstatemoney.com/how-t...
Download my free guide, 8 Steps to Buying Your First Out of State Property- www.outofstatemoney.com/long-...
Download my free guide Top 10 Down Payment Assistance Programs- bit.ly/dpassistance1
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Download my free guide, How to Buy Your First Rental Property in 2024- www.outofstatemoney.com/how-to-buy-your-first-investment-property2024
Just because you can get in a property doesn't mean you can afford a property. If you can afford the down-payment wtf you going to do if the furnace goes out. Most people don't have 15k saved up. I spent 27000 in repairs and Renovation last year not to mention the 24000 in mortgage payments. If you can't afford a down-payment don't buy. If you can afford it but don't want to deplete your savings that's different.
You are 100% correct however I’m not sure if you watched the whole thing? The program does have a reserved requirement. And the requirement increases the more units you buy. So although there’s no down payment, closing costs etc you absolutely need money to do this program. Only difference is it’ll stay inside your savings unless you buy down the interest rate. Regardless though people should be able to easily afford the mortgage and other expenses. So I agree with you on that! Thanks for adding to the convo.
@blackrealestatedialogue still listening. I'm a mortgage underwriter in ohio. I wrote the message a few minutes into the video. Great info ty.
@@blackrealestatedialogue great content. Thanks again
totally understand! Thanks for chiming in here and adding to the conversation. You made some great points!@@justhumblemeclarke7292
I’m in MN (new developer… doing my first deal.
Luknox Development & Construction LLC
Not the first time I have heard about NACA program. Cool fact is NACA will give individuals the opportunity to get a duplex I believe!
That is correct, you can actually get up to 4 units!
This is great information thank you for sharing 👍
thanks for watching!@@KDvybezmiami
I just got my naca id on Friday. I'm going to build a multy and nobody can stop me..
So happy to hear. I wish you the best!
Wow congratulations.Randy, very informative dialogue. Thank you.
Glad you enjoyed it!
"Be cautious of anyone trying to sell you courses! Many individuals boast about their success and achievements on podcasts and interviews before pitching their courses. It's a red flag. By the way, congratulations to the guy!"
Thanks for tuning in!
🙏 Thank you!
You are so welcome!
Great nuggets
thanks for tuning in!
SMART BROTHER 👍🏾💰💰
🔥🔥🔥
GOLD!!
Thanks!
Thank you for this
Im a single mother with two children this will be a great blessing for us ❤
You’re welcome!
I’m so glad to hear this 😃
Even though I truly enjoyed the dialog. The thumnail was a bit misdirected. 🤷🏾♀️
How was it misdirected? He helped over 50 people use the program which has 0 downpayment (the thumbnail said $0 down which is accurate), closing costs or fees. If someone needs reserves that’s not going towards a downpayment or any expense to close on the house. It’s security to ensure the mortgage will be paid in the worst case scenario, which is something anyone buying a house using any program should have.
How do you buy before it hits the market there is a foreclosure a few houses down going to auction i called law firm how can i get it before auction basically off market in Philadelphia PA
You may want to consider consulting with a real estate agent
So when they buy this property with the section 8 voucher do they STILL. Have the voucher once they bought the home?!
Check this out from their website. Might provide some insight www.naca.com/the-naca-hot-pha-program/
@@blackrealestatedialogue wwoowwww that’s crazy thank you
I was wondering if this was a legit sight since the navy credit union information. It didn't address that people with lower incomes were getting approved for loans when ppl with higher incomes but minority were not getting approved
This and navy federal aren’t related at all. I encourage you to take a look at their (NACA) website. They have a ton of FAQs that I think can help you learn more.
can i use this on a second home?
No you would have the sell the first. Anyone doing this program cannot be a homeowner.
Good night brothers
thanks for tuning in!
The platform is very informative
that's the goal, thank you!@@SherwenGaspard-kz7ts
@@blackrealestatedialogue I would love to network with you guys
🔑🔑🔑
💪🏾💪🏾
Would love to see blk vouchr holders own homes and rent them out-go through what they’ve been putting honest, landlords through for years and get a taste of their own medicine
Yikes
Thanks 🎉🎉🎉
You’re welcome 🔥