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Study Hall: The Requirements for The NACA Program · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: You said when you spoke to your friend who recommended
• 1:02
  Speaker 3: NAKA to you, that you had ten thousand dollars and
• 1:05
  Speaker 3: so a lot of times when people here NAKA and
• 1:07
  Speaker 3: they had no doubt payment. They think, oh, you need
• 1:09
  Speaker 3: no money, that's not just like that's like one of
• 1:11
  Speaker 3: these misconceptions like, oh, it's no money down. My credit
• 1:14
  Speaker 3: can be six twenty, but you need money to be
• 1:17
  Speaker 3: in a program.
• 1:17
  Speaker 4: I mean, talk about any any mortgage that you're going
• 1:21
  Speaker 4: to get, You're going to have things you have to
• 1:23
  Speaker 4: pay for, taxes, insurance.
• 1:25
  Speaker 5: Like all of those kind of things.
• 1:26
  Speaker 4: In addition to that, NAKA wants you to have a
• 1:29
  Speaker 4: specific amount of money saved. Me I personally try to
• 1:31
  Speaker 4: tell people save about three and a half percent of
• 1:34
  Speaker 4: the loan amount that you're looking for, because that covers
• 1:36
  Speaker 4: your taxes, insurance, and it should cover, you know what
• 1:39
  Speaker 4: I mean, the cushion of a few months that they
• 1:42
  Speaker 4: require you to have as well, because what they don't
• 1:44
  Speaker 4: want to happen is for you to be house rich
• 1:46
  Speaker 4: and cash poor because a lot of times what tends
• 1:49
  Speaker 4: to happen to people is they're you know, pay their
• 1:51
  Speaker 4: down payment fees.
• 1:52
  Speaker 5: All of those different things you.
• 1:54
  Speaker 4: Done came out of twenty twenty five thousand dollars or
• 1:56
  Speaker 4: whatever the case. Mark You've just spent thirty years of
• 1:59
  Speaker 4: your life saving this money. Now you just gave it away.
• 2:03
  Speaker 4: Now you have this house, and when something goes wrong
• 2:05
  Speaker 4: with this house a roof issue, of plumbing issue, you
• 2:07
  Speaker 4: don't you can't fix it. You don't have the money
• 2:09
  Speaker 4: to fix it, and they don't want you to do that.
• 2:12
  Speaker 4: So they set you up to whereas you have money,
• 2:14
  Speaker 4: they set you up to whereas if you go get
• 2:16
  Speaker 4: a multi unit, you got cash flow coming in because
• 2:18
  Speaker 4: they make sure the numbers fall right all of those
• 2:21
  Speaker 4: different things. And this is why I love them, because
• 2:22
  Speaker 4: they protected me throughout the whole process. There were times
• 2:25
  Speaker 4: where contractors tried to do food, food shit. They're just
• 2:28
  Speaker 4: different stuff, and I could just like ran interference on
• 2:30
  Speaker 4: all that, like nah, we're not going for that. At times,
• 2:32
  Speaker 4: like somebody try to sell you a four unit building,
• 2:35
  Speaker 4: but the building is only zone for three units. In
• 2:37
  Speaker 4: the garden unit or the basement unit will be like illegal,
• 2:40
  Speaker 4: but na coull you know, they gonna go through their
• 2:42
  Speaker 4: due diligence and you know what I mean, like check
• 2:44
  Speaker 4: you know, city records and all that make sure all
• 2:46
  Speaker 4: of this stuff is zoned and approved correctly, and a
• 2:48
  Speaker 4: lot of times like it don't.
• 2:50
  Speaker 5: And they protect you from all that.
• 2:51
  Speaker 3: Stuff, even in your own personal right. Like I was
• 2:53
  Speaker 3: reading that they'll check your patterns, right, Yeah, they'll check
• 2:56
  Speaker 3: your rent patterns, they'll check your savings patterns. So it's
• 2:58
  Speaker 3: not like, hey, that look at how much you were
• 3:01
  Speaker 3: paying how much you make, and they'll say, well, that
• 3:03
  Speaker 3: money could be saved. So having that as an important
• 3:07
  Speaker 3: like system makes sense, right, because it's like you don't
• 3:09
  Speaker 3: want to make sure, like you don't want to have
• 3:11
  Speaker 3: it where I say five hundred, then I save nothing
• 3:13
  Speaker 3: for three months and I put three thousand. They're watching
• 3:15
  Speaker 3: that to make sure that they can making.
• 3:18
  Speaker 4: Sure you got good good money spend like good money
• 3:20
  Speaker 4: habits like and this is and it's not bad, like
• 3:24
  Speaker 4: you should want to have good money happens. You should
• 3:25
  Speaker 4: appreciate this kind of training, like, Okay, I need this
• 3:28
  Speaker 4: because I've been not disciplined for the longest amount of
• 3:30
  Speaker 4: time and now I have somebody challenging me to do better.
• 3:33
  Speaker 5: Why wouldn't you want that? So they approve you for
• 3:36
  Speaker 5: you come with your information, da da da.
• 3:37
  Speaker 4: They put it in the system and they say, okay,
• 3:39
  Speaker 4: you're based off of what we think you can get
• 3:42
  Speaker 4: a two hundred thousand dollars more if you're going for
• 3:45
  Speaker 4: a single family home. Yes, but that's not how it
• 3:46
  Speaker 4: works with multi units. Okay, with multi units, how it
• 3:49
  Speaker 4: works is even with naka, so they have limits. So
• 3:53
  Speaker 4: with a single family home, which just these are examples,
• 3:55
  Speaker 4: it depends on what area you're in. They'll give you
• 3:56
  Speaker 4: a max. So, let's say a single family home, they
• 3:59
  Speaker 4: might give you a max. Two hundre thousand and two unit.
• 4:01
  Speaker 4: They might give you a max of three fifty three unit.
• 4:02
  Speaker 4: They might give you a max a six hundred. On
• 4:04
  Speaker 4: a four unit, they'll give you a max of like
• 4:06
  Speaker 4: nine hundred and nine to fifty or something like that.
• 4:08
  Speaker 4: So for me, I'm like, why not max out and
• 4:11
  Speaker 4: go crazy? If I'm trying to go get me a
• 4:13
  Speaker 4: rental property, I'm gonna get four units. The four units
• 4:15
  Speaker 4: are gonna make sure I have a place to live
• 4:17
  Speaker 4: for free. Is gonna make sure my mortgage is paid.
• 4:19
  Speaker 4: On top of steel, having some money at the end
• 4:21
  Speaker 4: of the month is cash flow, So I'm gonna do that.
• 4:24
  Speaker 4: On top of that, it's gonna allow me to go
• 4:25
  Speaker 4: for a bigger mortgage, which is gonna put me in
• 4:27
  Speaker 4: a nicer neighborhood, you know what I'm saying. In addition
• 4:31
  Speaker 4: to that, if I go find a four unit in
• 4:33
  Speaker 4: a nice neighborhood. That means the rents are gonna be high.
• 4:37
  Speaker 2: Ernest, what's up?
• 4:38
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• 4:40
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• 4:43
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• 4:47
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• 4:51
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• 4:54
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• 4:59
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• 5:03
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• 5:07
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• 5:11
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• 5:40
  Speaker 3: can keep pushing your Vision Forward. This episode is brought
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• 6:27
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 6:31
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 6:35
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 6:39
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 6:43
  Speaker 1: some of the heinous migrant criminals caught because of President
• 6:47
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 6:50
  Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
• 6:55
  Speaker 1: crossings are at the lowest levels ever recorded. In over
• 6:59
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 7:02
  Speaker 1: are here illegally, your next you will be fine nearly
• 7:06
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 7:10
  Speaker 1: never return. But if you register using our CBP home
• 7:14
  Speaker 1: app and leave now, you could be allowed to return legally.
• 7:18
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 7:23
  Speaker 1: border and families will.
• 7:24
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 7:27
  Speaker 5: You know what I mean, because that's just what it is.
• 7:29
  Speaker 4: When you live in nice neighborhoods, you got higher rents
• 7:32
  Speaker 4: and apartments are nice. So how NACA qualifies you or
• 7:35
  Speaker 4: lenders qualify you in general for multi units is totally
• 7:38
  Speaker 4: different than they do for single family homes. A single
• 7:41
  Speaker 4: family home, you're qualified strictly using your income. When it
• 7:44
  Speaker 4: comes to multifamilies, and this is why I tell people,
• 7:47
  Speaker 4: go find you a multifamily that has people living in
• 7:50
  Speaker 4: it already, because what they do is they'll take seventy
• 7:52
  Speaker 4: five percent of the income that the property is generating
• 7:55
  Speaker 4: already added to yours, and that is what makes the
• 7:58
  Speaker 4: property more than affordable. For example, this is what I
• 8:01
  Speaker 4: like to tell people. So let's say you make two
• 8:03
  Speaker 4: thousand dollars a month at your job, right, and the
• 8:05
  Speaker 4: mortgage on this property you're looking at is three thousand dollars.
• 8:08
  Speaker 4: Of course you can afford it. You're a thousand dollars short.
• 8:10
  Speaker 4: But let's say the property that you're looking at also
• 8:13
  Speaker 4: generates four thousand dollars a month in rent. They'll take
• 8:16
  Speaker 4: three thousand dollars of dock add it to your two thousand.
• 8:19
  Speaker 5: Now that's five thousand. Subtract three thousand from that.
• 8:22
  Speaker 4: Now you have two thousand dollars left over at the
• 8:24
  Speaker 4: end of the month, which makes this property way more
• 8:26
  Speaker 4: than affordable. On top of they only used seventy five
• 8:29
  Speaker 4: percent of the rent, they're still twenty five percent.
• 8:31
  Speaker 5: That's still there. You get what I'm saying to you.
• 8:34
  Speaker 4: So like, that's that's how the multi unit math works.
• 8:37
  Speaker 4: And people don't understand that, and they're like, I can't
• 8:39
  Speaker 4: afford a multi unit. It's so expensive. How do you
• 8:42
  Speaker 4: afford a multi unit and you're making twenty six thousand
• 8:44
  Speaker 4: dollars a year? Because I understand how multi unit math works,
• 8:46
  Speaker 4: and I went and found me property that had high
• 8:48
  Speaker 4: rents and cash flowing already, and all I had to
• 8:51
  Speaker 4: do was pretty much sign a paperwork and move in.
• 8:54
  Speaker 3: So you found the property yourself. Didn't apply for the program, right,
• 8:57
  Speaker 3: So does it when you apply for it? Does it
• 8:59
  Speaker 3: have to be the primary residents? How does that work?
• 9:02
  Speaker 4: Yeah, so you do have to live in a property
• 9:05
  Speaker 4: for the life of the loan. But NAKA has a
• 9:06
  Speaker 4: five year leaning on a property because they're not designed to,
• 9:10
  Speaker 4: you know, create investors. They're designed to balance our neighborhood.
• 9:13
  Speaker 4: So they want you to live in a property and
• 9:15
  Speaker 4: for the first five years you have a twenty five
• 9:18
  Speaker 4: k lean on it. Every year drops off five thousand dollars.
• 9:20
  Speaker 4: So after the fifth year, you probably like cleaning free
• 9:23
  Speaker 4: to go do whatever you need to do, whether it
• 9:24
  Speaker 4: be refinanced or whatever the case may be. And at
• 9:28
  Speaker 4: this point, my first one, I've been in there for
• 9:29
  Speaker 4: eight years. The second one it's been five years. So
• 9:31
  Speaker 4: now I'm kind of like free and clear to Nacolin
• 9:33
  Speaker 4: and I can kind of go move around how I
• 9:35
  Speaker 4: want to. But it's just like I'm set up to
• 9:39
  Speaker 4: the point where now I can pull equity out of
• 9:41
  Speaker 4: my properties, not ConA set me up to the point
• 9:43
  Speaker 4: in the beginning on my first deal. We ain't even
• 9:47
  Speaker 4: talk about this yet, but my first deal was immaculate.
• 9:50
  Speaker 4: I got a four unit property I moved in, so
• 9:53
  Speaker 4: I lived for free, all three units. You know what
• 9:56
  Speaker 4: I mean, we're paying rent already. I they didn't put
• 10:00
  Speaker 4: any money down. I walked away from the clothing table
• 10:02
  Speaker 4: with a five thousand dollars check. That same day, I
• 10:06
  Speaker 4: got paid from my job. In addition to I kept
• 10:09
  Speaker 4: all of my money because I was going through the
• 10:10
  Speaker 4: process and they required me to keep saving. So that
• 10:12
  Speaker 4: ten thousand turned into fifteen thousand. So I went from
• 10:15
  Speaker 4: making about twenty six thousand dollars a year at my
• 10:18
  Speaker 4: job to having twenty six thousand dollars in cash in
• 10:21
  Speaker 4: my account after my first deal, which allowed me to
• 10:24
  Speaker 4: go start investing in the stock market, you know what
• 10:26
  Speaker 4: I mean, doing more deals, traveling network and building business,
• 10:30
  Speaker 4: meeting guys like y'all.
• 10:32
  Speaker 5: And that just came from that first deal.
• 10:33
  Speaker 4: And this is why I try to encourage people to
• 10:35
  Speaker 4: go through NAKA, because they set you up so beautifully.
• 10:38
  Speaker 4: After the deal, it's like, damn, I still got all
• 10:40
  Speaker 4: this money left. The average person, they out of what
• 10:43
  Speaker 4: ten fifteen twenty thousand dollars on the deal with Faha.
• 10:46
  Speaker 4: You know what I'm saying, It's not that with Naka. Yeah,
• 10:48
  Speaker 4: I had to spend Actually I didn't spend nothing. But
• 10:50
  Speaker 4: you may have to spend a little money, like I said,
• 10:51
  Speaker 4: your taxes, insurance and little stuff like that. But man,
• 10:54
  Speaker 4: it's nowhere near the same. It's what a convention to
• 10:56
  Speaker 4: with Faha.
• 11:03
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 11:07
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 11:11
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 11:15
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 11:19
  Speaker 1: some of the heinous migrant criminals caught because of President
• 11:23
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 11:26
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 11:31
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 11:35
  Speaker 1: one hundred thousand illegal aliens.
• 11:37
  Speaker 2: Have been arrested.
• 11:38
  Speaker 1: If you are here illegally, your next you will be
• 11:41
  Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported.
• 11:46
  Speaker 1: You will never return. But if you register using our
• 11:49
  Speaker 1: CBP home app and leave now, you could be allowed
• 11:52
  Speaker 1: to return legally. Do what's right. Leave now. Under President
• 11:57
  Speaker 1: Trump America's laws, Border and fam families will be protected.
• 12:01
  Speaker 2: Sponsored by the United States Department of Homeland Security,