Matt Porcaro
👤 PersonAppearances Over Time
Podcast Appearances
Yes. Yep. Real estate's best kept secret, as I always call it.
Yes. Yep. Real estate's best kept secret, as I always call it.
So the whole platform, I built everything on Instagram, but the 203kway.com, you know, there's more information on there. about how I do things, how I help people.
So the whole platform, I built everything on Instagram, but the 203kway.com, you know, there's more information on there. about how I do things, how I help people.
I have a whole community that I built really to help people with this because I had no information when I got into this about this loan product and really how to use it specifically as a real estate investor, specifically to get into the game. But yeah, the 203kway.com. Or even your Instagram. What's your Instagram? At the 203kway. There you go. YouTube Matt Porcaro, but the 203kway as well.
I have a whole community that I built really to help people with this because I had no information when I got into this about this loan product and really how to use it specifically as a real estate investor, specifically to get into the game. But yeah, the 203kway.com. Or even your Instagram. What's your Instagram? At the 203kway. There you go. YouTube Matt Porcaro, but the 203kway as well.
So I just, I dedicated when I first started this, I said, I want to make sure that I have all the information out there about this that I never had. So.
So I just, I dedicated when I first started this, I said, I want to make sure that I have all the information out there about this that I never had. So.
Yeah.
Yeah.
Um, you know, really the long and short of it was that I was trying to get into real estate investing for a very long time in New York, really high cost of living, really expensive market. And, uh, I read rich dad, poor dad, which I called taking the red pill because, you know, I grew up in an environment working class.
Um, you know, really the long and short of it was that I was trying to get into real estate investing for a very long time in New York, really high cost of living, really expensive market. And, uh, I read rich dad, poor dad, which I called taking the red pill because, you know, I grew up in an environment working class.
You know, my parents told me to go to college, get a degree and go work nine to five.
You know, my parents told me to go to college, get a degree and go work nine to five.
they had their own business so like that actually like a like a consistent paycheck every month was that was what they wanted right the grass is always greener type of thing so i did that and i did it and jumped into it and then realized immediately that this is not what i like or enjoy and then also realized that that's also not how people get rich yeah so when i read rich dad poor dad i read about real estate and i thought real estate sounds amazing but in new york i was like i don't think i could buy my own house let alone multiple houses yeah
they had their own business so like that actually like a like a consistent paycheck every month was that was what they wanted right the grass is always greener type of thing so i did that and i did it and jumped into it and then realized immediately that this is not what i like or enjoy and then also realized that that's also not how people get rich yeah so when i read rich dad poor dad i read about real estate and i thought real estate sounds amazing but in new york i was like i don't think i could buy my own house let alone multiple houses yeah
So the 203k and finding out about this was a culmination of me kind of researching and finding my way to break into the game for such a long time. And I really almost found it out by accident, but it's ultimately will leverage me into the game with very little out of pocket, but created, you know, six figures of equity and net worth on my first deal.
So the 203k and finding out about this was a culmination of me kind of researching and finding my way to break into the game for such a long time. And I really almost found it out by accident, but it's ultimately will leverage me into the game with very little out of pocket, but created, you know, six figures of equity and net worth on my first deal.
Yeah. So the FHA 203k loan is an FHA loan. So if anyone's familiar with the FHA loan, it's, you know, it's a government backed loan product that, you know, allows people that are just starting out to buy a house with very little out of pocket, right? Three and a half percent. The 203k version is a version that allows you to wrap renovation costs into the mortgage.
Yeah. So the FHA 203k loan is an FHA loan. So if anyone's familiar with the FHA loan, it's, you know, it's a government backed loan product that, you know, allows people that are just starting out to buy a house with very little out of pocket, right? Three and a half percent. The 203k version is a version that allows you to wrap renovation costs into the mortgage.