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

But other units were allowed to forecast that future rental income on the property.

On your income.

So it basically gave me a $2,000 a month raise so I could afford more.

I was basically only pre-approved for about like $270,000.

But when I added that other unit, which was about $2,500 a month, it boosted me up to $350,000.

So I purchased a house, $270,000, wrapped $80,000 of renovation costs.

Plus I got all the closing costs wrapped in and the first six months of mortgage payments wrapped in while I was renovating.

$350,000.

Okay.

Yeah.

So I went into it with the idea that I wanted to be a real estate investor.

Right.

So I looked at it and I'm like, okay, I'll be all in for three 50.

And at the end, I knew it would be worth somewhere in the fours.

So I'm like, okay, if I'm only coming out with this and I do that and I go through all my bumps and bruises on going through a renovation, this is the first time I've ever done it.

But I always have my eye on the prize.

I'm like, this could really set me up.

And it was the only thing, again, out of desperation.

It was the only thing I could do.

I didn't have a lot of money.

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