Matt Porcaro

speaker

689 appearances 2 recordings 1 series first heard Nov 2024 last heard 1 May

Matt Porcaro’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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The MORE Show · Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity | Matt Porcaro · 1 May 2026 podcast

I do it finish it even through the bumps and bruises I'll never forget to this day renovation nightmares and we've all been there right I just was smelling the new paint on the walls I finally got the final inspection and I'm just like I look at the floors I like just do a turn around I'm like how the hell do more people not know about this I researched real estate for four years before I ever took action yeah listening to podcasts reading books and courses meetups and no one ever once mentioned the 203k ever

So it's real estate's best kept secret, right?

Um, they're FHA products, right?

So it's a government backed financing program that allows you to wrap the renovation costs into the mortgage.

Yeah.

So I found out about it by accident because there was a ton of, um,

There was a lack of inventory in New York.

I couldn't I couldn't really find anything that I could afford.

I was struggling to find a house.

I didn't have a lot of money.

And I found out by accident from someone in my local real estate investment association.

And she told me, hey, listen, you don't own a house yet.

You can get three and a half percent down by the house, get all the money to purchase all the money to renovate, wrap in the closing costs.

And you can actually wrap up to the first 12 months mortgage payments while you're renovating it.

Three and a half percent of.

So I. So the first house I bought was a like a crack house duplex.

the only thing I could afford on Long Island.

Actually, I couldn't even afford it on its own.

It had an extra unit, which I didn't know about with FHA loans when you're an owner occupant, right?

So this is for owner occupants and this is the way to start.

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