Matt Porcaro

making them look better because they're just wow or they didn't do anything to it yeah i mean you could do all that and then fannie mae also mind you has two other products that you don't have to occupy the property fannie mae home style loan you can get a 10 down second home loan so as long as you live there some portion of the year follows like the second home standards right you have to live i don't know what the exact number is yeah you could buy it and renovate it with only 10 down

making them look better because they're just wow or they didn't do anything to it yeah i mean you could do all that and then fannie mae also mind you has two other products that you don't have to occupy the property fannie mae home style loan you can get a 10 down second home loan so as long as you live there some portion of the year follows like the second home standards right you have to live i don't know what the exact number is yeah you could buy it and renovate it with only 10 down

And then they have an investment product where you can go and buy another property, only put 15% down, but they give you the purchase price plus the renovation.

And then they have an investment product where you can go and buy another property, only put 15% down, but they give you the purchase price plus the renovation.

You're paying points up front, stuff like that.

You're paying points up front, stuff like that.

No, you don't have to pay out of pocket for your contractor. The check goes directly to the contractor.

No, you don't have to pay out of pocket for your contractor. The check goes directly to the contractor.

What's the what's like the average appreciation rate right now in the U.S.? Do you know what it is? I think it's like somewhere around five or six percent.

What's the what's like the average appreciation rate right now in the U.S.? Do you know what it is? I think it's like somewhere around five or six percent.

So think about this. If you renovate your house. You're the new top of market. No matter where you are in the country, you renovate it. You are the new comp. You are in the new standard. So you're already at the top of the market. So that alone, when you get your appraisal, you're going to get a bump because your new finishes, you're brand new.

So think about this. If you renovate your house. You're the new top of market. No matter where you are in the country, you renovate it. You are the new comp. You are in the new standard. So you're already at the top of the market. So that alone, when you get your appraisal, you're going to get a bump because your new finishes, you're brand new.

So right off the cuff, let's just say on the low end, you're making 10% of equity. If you don't even plan to be a real estate investor, you're just setting the comp, right? Now, you also appreciate it 5% a year. Let's call it 5%, 5%, 6%, right? You doubled your down payment. By the time you're done with your renovation, like I have a guy that's doing a big renovation right now.

So right off the cuff, let's just say on the low end, you're making 10% of equity. If you don't even plan to be a real estate investor, you're just setting the comp, right? Now, you also appreciate it 5% a year. Let's call it 5%, 5%, 6%, right? You doubled your down payment. By the time you're done with your renovation, like I have a guy that's doing a big renovation right now.

It took him a long time, a year and a half. It's a million plus dollar property. Big renovation. His equity has gone up like $100,000 in the time it's taken him to renovate the property. He's not even in it yet. And he's already made a respectable year's salary in equity just by owning it off of, I mean, this was a million dollar property. He only put 35 grand down, three and a half percent.

It took him a long time, a year and a half. It's a million plus dollar property. Big renovation. His equity has gone up like $100,000 in the time it's taken him to renovate the property. He's not even in it yet. And he's already made a respectable year's salary in equity just by owning it off of, I mean, this was a million dollar property. He only put 35 grand down, three and a half percent.

So he is so wild. Yeah. Yeah. Triplex in New York. And it's again, so like you're you can't I say like this is not an FTC thing to say, but like literally like every person I've worked with, like never loses. You're putting so little down. If you follow my strategy and you work with the right people, obviously, that, like, know what they're doing, it's, you can't lose on it.

So he is so wild. Yeah. Yeah. Triplex in New York. And it's again, so like you're you can't I say like this is not an FTC thing to say, but like literally like every person I've worked with, like never loses. You're putting so little down. If you follow my strategy and you work with the right people, obviously, that, like, know what they're doing, it's, you can't lose on it.

It's three and a half percent. It appreciates way faster.

It's three and a half percent. It appreciates way faster.