EYL #234 How to Buy a Home With No Down Payment & No Closing Costs, The NACA Program Explained
Earn Your Leisure
00:00
How to Qualify for a Multi-Unit Mortgage
With multi-units, how it works is even with NAC or so, they have limits. A single family home, you're qualified strictly using your income. Then it comes to multi-families. And this is why I tell people go find you a multi-family that has people living in it already. They'll take 75% of the income that the property is generating already, add it to yours. That's what makes the property more than affordable. On top of the only use 25% of the rent, they're still there. You give them to you. So for me, I'm like, why not max out and go crazy if I'm trying to go get
Play episode from 28:52
Transcript
