Episode 16- Living Rent-Free in Los Angeles
Black Real Estate Dialogue
Shownotes Transcript
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This episode is dedicated to Kobe Bryant, Gianna Bryant, all other victims, and to the memory of our host's grandmother, who passed away on Friday, 1/31.
This episode with Mark Jones II was powerful! Mark did his first house hack (living in one room/unit renting out the others) in Los Angeles several years ago. After selling his first house and making 26 offers, Mark purchased a triplex through the NACA program (No closing costs/no down payment) and continues to live rent-free. In this episode we talk about the importance of belief and how you can also live rent-free in an expensive market.
Highlights
- If you believe that buying a home is possible, you'll figure out a way to get it done
- Screen your tenants thoroughly! Call previous landlords, jobs etc.
- NACA- Neighborhood Assistance Program (No down payment, no closing costs) https://www.naca.com/)
- Books-Nothing down for the 2000s, I Will, Set for Life, Black Folks Guide to Making Big Money in America, Think and Grow Rich: A Black Choice, Success Through a Positive Mental Attitude, Millionaire Real Estate Investor
How you can find him
IG- @livinrentfree @markjonesii
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