All Forum Posts by: Jonathan Taylor

Hello investors, I’m interviewing and searching for a lender for my first property and came across a non profit called NACA (neighborhood assistance corporation of america). It has a 3.625% (as of this writing) loan program, no down payment, no MPI. I’ve had my intro meeting and will meet with an intake advisor next week but curious is anyone out here has had success with NACA and their experiences with them. Cheers JT

Hello fellow BP folks, I’m Los angles based and need some advice on the best next step to take. Here is my situation. I rent and work in LA and like most folks here, am tired of paying rent but the market is high here, to say the least. I’m doing fine financially and want to invest in real estate but the barrier to entry for multi family (I am trying to house hack) is almost unattainable for the average earner. So would it be financially smarter to invest outside my market (long distance investing) and continue renting in LA (my current housing costs, all in, is 1/8 of what I make) OR Keep looking for a deal and try to come up with the down payment for a $700-800,000 fourplex? OR Any suggestions? I’ve driven for dollars (no responses yet) door knocked (same result) scouted C ish neighborhoods but deemed them too unsafe to live in, with no luck yet. It’s been four months of searching. Love reading the forums and appreciate any tips on the next step. Cheers JT

Hello fellow BP folks, Starting my search for multi family properties in the Los Angeles area and I’m in need of a place to get a legally binding lease agreement. So my questions are as follows: 1. Do I start from scratch and reach out to an attorney for one? Or 2. Do I download a template and have an attorney personalize it to my local laws? Or 3. Are there downloadable ones I can personalize without the attorney costs? Or .... am I missing something? Any help is welcomed and I’m Southern California based. Cheers JT