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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
They didn't want to be investors.
They just couldn't afford to live on Long Island as many people can't, but they lived and worked there and they had to find out a way.
Now, as we got older, me and my brothers got older, obviously like people didn't live there anymore and we had the whole house.
You grow into it.
Like you can fight,
we could fight what's happening, right?
And we could wait for rates to come down, which is, you know, as you know, a loser's game, right?
You could wait for markets to soften up or you could look at the opportunity and make the best out of it.
And I'd argue that it's with these new guidelines, with FHA, Fannie Mae, and like the ADU stuff, like it's more lucrative than ever.
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.
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.
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.
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
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.
So it was meant to kind of get the zombie homes off the street and give people the ability to not only buy a house, but renovate it and fix it up and make it the way they want. One of the cool things about it is that it also allows you to buy up to a four unit house. property, so you can buy a multifamily property. And this is really big with the house hacking community, right? Yeah.
Showing 581–600 of 689 · page 30 of 35
← Previous
Next →