Matt Porcaro

It's a way to force yourself into some equity and basically just like press the fast forward button on the process. And that gives you that leverage and that creates it into a true, a true investment.

It's a way to force yourself into some equity and basically just like press the fast forward button on the process. And that gives you that leverage and that creates it into a true, a true investment.

Now, to make things even better, again, you can buy a multifamily or even now, just as of like really last year, they're letting you forecast the future rental income or letting you use the rental income of accessory units. Like down here in Miami, they have like casitas, like little mother-in-law suites, right? Typically, they wouldn't use that rental income to qualify you.

Now, to make things even better, again, you can buy a multifamily or even now, just as of like really last year, they're letting you forecast the future rental income or letting you use the rental income of accessory units. Like down here in Miami, they have like casitas, like little mother-in-law suites, right? Typically, they wouldn't use that rental income to qualify you.

So you're able to take that rental income and really offset your mortgage or if not cover it all in these higher cost of living areas, right? And one cool thing to know is that for every $1,500 in rent that you'd be getting from either, you know, there's ADUs, accessory dwelling units, which are becoming huge right now because there's such a lack of housing in the U.S. right now.

So you're able to take that rental income and really offset your mortgage or if not cover it all in these higher cost of living areas, right? And one cool thing to know is that for every $1,500 in rent that you'd be getting from either, you know, there's ADUs, accessory dwelling units, which are becoming huge right now because there's such a lack of housing in the U.S. right now.

ADUs are sweeping across the nation. So if you're saying to yourself, oh, I can't buy a multifamily. I live in an area that's only in single family homes. Well, you could just plop down a casino. I mean, you could even buy one of those like Amazon houses, those pre-built prefab houses and drop it in your backyard. The 203k will finance that.

ADUs are sweeping across the nation. So if you're saying to yourself, oh, I can't buy a multifamily. I live in an area that's only in single family homes. Well, you could just plop down a casino. I mean, you could even buy one of those like Amazon houses, those pre-built prefab houses and drop it in your backyard. The 203k will finance that.

Yeah, yeah. So, like, you could buy a prefab house. Obviously, you have to, like, you know, finish it and do some, like, stuff inside. But, like, it's a pre-built structure that you drop in your backyard as long as your zoning allows it. You can get the rental income from that, qualify yourself for more. Again, now that's a true investment. You're making money off your own home.

Yeah, yeah. So, like, you could buy a prefab house. Obviously, you have to, like, you know, finish it and do some, like, stuff inside. But, like, it's a pre-built structure that you drop in your backyard as long as your zoning allows it. You can get the rental income from that, qualify yourself for more. Again, now that's a true investment. You're making money off your own home.

And that's an investment. And that's where you're basically beating the system. When I say like the American dream's new, like this is the new American dream, right? When my family came over from, you know, like Italy and, you know, from, you know, from Ireland, right? And they moved to New York City, they all house hacked.

And that's an investment. And that's where you're basically beating the system. When I say like the American dream's new, like this is the new American dream, right? When my family came over from, you know, like Italy and, you know, from, you know, from Ireland, right? And they moved to New York City, they all house hacked.

It was called like, this is how we're going to afford to live in New York City. They had multifamily properties. They lived in these tenements. They all pitched in. One of them in the family was the lucky one that had the note and they took all and they all combined their rent together. That was how people that immigrants came over to the United States. That's how they were able to afford it.

It was called like, this is how we're going to afford to live in New York City. They had multifamily properties. They lived in these tenements. They all pitched in. One of them in the family was the lucky one that had the note and they took all and they all combined their rent together. That was how people that immigrants came over to the United States. That's how they were able to afford it.

And that's how a lot of people do it. You see it. You still see it to this day. Immigrant families come in and they share housing. House hacking is like the most American thing you could do.

And that's how a lot of people do it. You see it. You still see it to this day. Immigrant families come in and they share housing. House hacking is like the most American thing you could do.

And just with like anything else, like you said, it takes effort. Now, you know, what's the quote? Like to the victor gets the spoils or whatever it is. Like, listen, you like you're not going to get something for nothing. Right. Do you live in the home? Like while it's being renovated? No. So you don't have to actually like physically occupy it. So what happened in my case, right?

And just with like anything else, like you said, it takes effort. Now, you know, what's the quote? Like to the victor gets the spoils or whatever it is. Like, listen, you like you're not going to get something for nothing. Right. Do you live in the home? Like while it's being renovated? No. So you don't have to actually like physically occupy it. So what happened in my case, right?

You know, I bought the property. It was an eight month renovation. So the requirement is you have to be you have to intend to be there as your primary residence for a year after the closing date. So what happened was the renovation took me eight months. Now, in my position, I was lucky enough. I was able to live with my family at the time.

You know, I bought the property. It was an eight month renovation. So the requirement is you have to be you have to intend to be there as your primary residence for a year after the closing date. So what happened was the renovation took me eight months. Now, in my position, I was lucky enough. I was able to live with my family at the time.