What is house hacking?

Throwback Thursday!

I had the pleasure of speaking with Mark Jones II on Episode 98 of Money Talk with Tiff! We talked about accessing financial opportunities and digging into strategies for wealth-building with real estate. Mark is a Los Angeles native and a highly experienced real estate investor. Here are the top 3 takeaways from our conversation:

1️⃣ NACA Program: Mark shared incredible insights about the Neighborhood Assistance Corporation of America. This nonprofit organization provides down payment and closing cost assistance. The program offers zero money down and zero closing cost mortgages, making it a game-changer for potential homebuyers.

2️⃣ House Hacking: We delved into the concept of house hacking, a powerful strategy for multifamily property owners. This strategy allows you to live in one unit while renting out the others, potentially covering your mortgage and freeing up more funds for savings and investment.

3️⃣ Section 8 Vouchers: Mark shed light on the possibility of using Section 8 vouchers to pay for a mortgage, granting individuals access to homeownership in a non-traditional but impactful way.

Mark also shared valuable insights on the flexibility and potential of the NACA program, multifamily property investment, and diversifying housing strategies for financial growth.

Listen to the full episode: https://loom.ly/DQ1anIc

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