Matt Porcaro

You immediately become the most interesting person in the room. Now, someone watching this might not want that, but it's just a crazy thing to think about, that the opportunity that comes your way, and it only took one. I remember thinking, oh, I only did one. I'm nobody. Sure. But that one, the distance between someone that's never done it to someone that has,

You immediately become the most interesting person in the room. Now, someone watching this might not want that, but it's just a crazy thing to think about, that the opportunity that comes your way, and it only took one. I remember thinking, oh, I only did one. I'm nobody. Sure. But that one, the distance between someone that's never done it to someone that has,

is massive, so when you do that, you've accomplished yourself, you've proven yourself that you can do it, and then you just ride that wave and that momentum, and that was the beauty of this.

is massive, so when you do that, you've accomplished yourself, you've proven yourself that you can do it, and then you just ride that wave and that momentum, and that was the beauty of this.

The guidelines are very black and white. I mean, you know, at the end of the day, to answer a bunch of the questions, right? First off, it is based off of national and local loan limits for Fannie Mae FHA, right? So those you can Google, you look up FHA loan limits or Fannie Mae loan limits in Scottsdale or in Arizona, wherever you are looking to move, and you'll see that they're there.

The guidelines are very black and white. I mean, you know, at the end of the day, to answer a bunch of the questions, right? First off, it is based off of national and local loan limits for Fannie Mae FHA, right? So those you can Google, you look up FHA loan limits or Fannie Mae loan limits in Scottsdale or in Arizona, wherever you are looking to move, and you'll see that they're there.

Now you'll be surprised, often people are very surprised that it's a lot higher than you think.

Now you'll be surprised, often people are very surprised that it's a lot higher than you think.

for example you know in in where i'm at in new york a single family home the fha loan limit i think is like 1.4 million or something right now so respect so there is a there is a baseline obviously you're looking you're looking at some some sweet pads yeah but remember that's the loan limit now what's not to say that you you being a great deal finder yourself you find a deal that you know the arv is going to be 2.4 but you picked it up for 1.4 or one or a hundred

for example you know in in where i'm at in new york a single family home the fha loan limit i think is like 1.4 million or something right now so respect so there is a there is a baseline obviously you're looking you're looking at some some sweet pads yeah but remember that's the loan limit now what's not to say that you you being a great deal finder yourself you find a deal that you know the arv is going to be 2.4 but you picked it up for 1.4 or one or a hundred

Or I mean, a million and you're putting 400 grand into it, it's going to be worth two and change.

Or I mean, a million and you're putting 400 grand into it, it's going to be worth two and change.

And so long as you qualify for it is the big thing too. And then again, if you're going into the new residence, they're going to ask you and you plan to keep your Miami residence, they're just going to say, okay, what are you doing with the Miami residence?

And so long as you qualify for it is the big thing too. And then again, if you're going into the new residence, they're going to ask you and you plan to keep your Miami residence, they're just going to say, okay, what are you doing with the Miami residence?

are you renting it out what are you like if you're if you're covering or if you could afford both that's that's doable too it is a dock loan right so they are looking at your income sure and your debts and what that dti ratio is they look at a 50 percent debt to income ratio. That's really what they judge you off of. So that's your maximum, right?

are you renting it out what are you like if you're if you're covering or if you could afford both that's that's doable too it is a dock loan right so they are looking at your income sure and your debts and what that dti ratio is they look at a 50 percent debt to income ratio. That's really what they judge you off of. So that's your maximum, right?

So whatever your income is versus your debts, you want to be, your gross income needs to be 50%.

So whatever your income is versus your debts, you want to be, your gross income needs to be 50%.

So there's a couple of different loan products that exist and they have different requirements. FHA is the stricter one. Sure. Fannie Mae has a product called the homestyle. I'm actually doing it on my own home right now. So I practice what I preach, man. We use a homestyle loan. We're renovating our own house. That's another example. We picked it up for six fifteen.

So there's a couple of different loan products that exist and they have different requirements. FHA is the stricter one. Sure. Fannie Mae has a product called the homestyle. I'm actually doing it on my own home right now. So I practice what I preach, man. We use a homestyle loan. We're renovating our own house. That's another example. We picked it up for six fifteen.