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 · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
And mind you, like my, it wasn't a walk in the park for me because I didn't have someone like me that knew about it to walk me through it. I kind of had to just figure it out on my own, which I'm glad I did. Right. Cause it taught me so much about it. Um, so when I created my whole platform, the two or three K way, I just wanted to let everybody know about it.
So my Instagram, um, you know, my YouTube, I have all the information you could ever want or know step by step. Um, you know, obviously people are like, okay, listen, I get it, Matt. I understand it. I want to do it, but I just want to do it and get it right the first time. Make sure I slam dunk it. So I do work with people, right? One-on-one and I coach people through it. And.
you know, guarantee that we walk you through the process to get you six figures of equity, get you cash flowing day one, right? Using this strategy. So you could go to the 203kway.com slash apply to apply to work with me. It's not for everybody. You just have to make sure that you're the right fit for us to work together. But that's an option as well.
So when, I mean, I just want to not be totally selfish with the questions I want to ask. Keep doing it. I always say like the questions that you have are probably the questions that everyone else has on this. Not many people know about it. And that's kind of the benefit I have going on podcasts and stuff like this is like, you know, people are like, oh, what do you want to talk about?
I'm like, you're interested in it. Just ask. Because there's so much to know and there's so much I could tell. But the questions that are obvious to you are probably what everyone else is thinking of.
It's the same as FHA. It's an FHA loan. Now, there's a lot of lenders out there that don't do this. Or they'll claim to do it or they'll say don't do it.
The first thing to do is work with a lender that knows how to do these. Now, luckily, over the years, I've been able to build relationships with lenders that do this. They do it nationally. I call them my preferred lender partners. I'm not a loan officer. I'm not a real estate agent. I'm just a... big fan and proponent of this process. You're a spokesperson. I am. I really am.
I'm like the unofficial 203k influencer.
I don't need to be on any government payrolls. But I've been able to build that. And for every lender out there that will tell you, oh, it's too much of a pain. I always make the analogy, if you have a Porsche, and you have to get the oil changed or something, your tires rotated, you don't bring it to a Honda dealership. Now the Honda mechanic could probably do it, but why would you?
He's going to fumble over it. He's going to make mistakes. He's going to really just give you a problem with your asset. The 203kway.com slash lender. You go there, fill out a quick form, say what market you're in, what you're, you know, a little couple other questions. We'll put you in contact with a lender that's in your market that specializes in these loans and does them day in, day out.
You know, one of the cool things too is like you could wrap in like damn near all your closing costs. Like all my students, all the people I work with, like when I say three and a half percent down, I get three and a half percent down. So Anyone that's quick with math, right? When I said $9,500 on a $350,000 loan, that was my first deal.
Anyone that does math and is like, you know, not one of me, but people that are quick with math, they'll be like, well, that's actually like 2.5% or 2.7%. How'd you, what's that? I got a full 6% seller's concession back at closing. So you could get 6% back at closing month with FHA of the purchase price. My 6% seller's concession overpaid my closing costs. So I got a check back at closing.
I was actually supposed to lay out like another couple grand. Instead, that money came back to me. So my net out was $9,500. Because you're able, again, when you find a good deal, you do all this stuff. You could wrap in all your closing costs.
process like i've done this 16 years i'm still going to call you and say hey dude i think i'm going to do this thing yeah help me make sure i'm buying the right type of home i'm getting the credits i need that i'm getting them max the tenants and the foundations of real estate investing are the same but it's the nuance of the loan itself and how it operates is where i come in and specialize in because i know how to pull every lever in the process right i've helped hundreds of people do this and like i know where to push the button where to pull to get the most keep as much money in your pocket as possible where to
where to leverage and pull the most out. The other cool thing, like we're talking about finding a good deal, and that's obviously the most important part of any real estate investing endeavor, right?
The coolest thing about this is because you're putting so little out of pocket, because you're paying such a lower interest rate than a typical investor using like a DSCR loan or something like that or an end buyer, The deals pencil out easier. Yeah. Like, you know, I call it the Goldilocks zone.
You're basically playing in this in this in this part of the market where like you can you can afford more than like a flipper or a wholesaler. But you're not playing with the retail buyers because retail buyers are looking for move and ready stuff that's going to pass inspection. Right. You can go on the MLS and everything that's in as is condition and stuff.
They say like cash only like you can purchase all of that. Yeah. Really, the only thing with the condition is it needs to be some existing structure of some kind. There's no such thing as too messed up of a property. There's also no such thing as too nice of a property. You could get a house that's moving ready, totally financeable.
But if you want to renovate the kitchens and bathrooms, and as long as the loan to value works out, you could do that too.
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
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