Just Closed on a Duplex w/NACA

[Felicia Richardson]

Hello! I closed two weeks ago, on a Duplex in East Point, GA near Greater Atlanta for $319k. My Property is Zoned, to add a Tiny Home, as well. I used NACA and it took me 7 Months, to get through the Program. I saved $25k, however I only spent around $3,800 in Closings Costs. I'm planning my next Investment, but I'm undecided on the Financing route, that I will take for the second one and beyond. I'd like to do a Fix n Flip. Can anyone offer me, some solid advice and good financing resources?

[Christa Coore-Powell]

Quote from @Felicia Richardson:

Quote from @Christa Coore-Powell:

Thanks for sharing this Felicia! What is the residency requirement for a NACA loan?

Awesome thanks! I signed up for the next intro workshop. 

Welcome! Same as FHA. One Unit has to be Occupied, by the Owner. Bank of America (who is the NACA Lender) requires it to be Owner-Occupied for a year. But NACA, requires it be OO as long as you are in their Program which is until you sell or refinance.