You Can Get FUNDED to Build Affordable Housing… Per Door 💰🏠😳 Comment “FREE”…

Every city right now is under a lot of pressure to produce affordable housing. There's a program called the HOME Program. They'll give you $50,000, $100,000 per unit of affordable housing that you build. And they'll give you that 50 to $100,000, and you can use it to buy a property and do the construction on the property. So real quick, say y'all wanna buy

and do the construction on the property. So real quick, say y'all wanna buy a 10 unit building in New York. I know it's gonna be mad expensive, but you wanna turn around and rent it for affordable housing. The government, because you're gonna rent it as affordable housing at affordable numbers, they'll give you HOME funds, 50,000, 100,000 to purchase that building and to renovate that building.

to purchase that building and to renovate that building. So 10 units times that by 100,000. How much is the government giving you? It's a million dollars for us buying that building. The LIHTC Tax Credit Program. Y'all see Floyd Mayweather. Y'all see all these NBA players buying 200 units, 500 units of affordable housing. They're using tax credits to buy those buildings.

500 units of affordable housing. They're using tax credits to buy those buildings. The government gives you tools. They'll give you tax credits that you can sell and get real life money. You do 100 unit building, the government will give you tax credits that you can sell for 3 million, 5 million. You take that money from those tax credits you use it for your down payment on your property. Another one for y'all real quick.

You take that money from those tax credits you use it for your down payment on your property. Another one for y'all real quick. When you get these properties from the government and they sell them to you for these nominal fees, they come with value, that equity. Quick example, I purchased 23 properties for $23. Those 23 properties worth 100,000 a piece. I got $2.3 million worth of property for $23.

I got $2.3 million worth of property for $23. What I was able to do was then turn around, take those 23 properties to the bank and tell them, yo, give me a line of credit against these properties. They worth 2.3. The bank will give you a line of credit against those properties because the value is still there, even though you got them for the low.

The bank will give you a line of credit against those properties because the value is still there, even though you got them for the low.

against those properties because the value is still there, even though you got them for the low.

even though you got them for the low.