REI149: 203K Loans w/ Matt Porcaro
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 21 November 2022
⏱️ 47 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.2 | You're never going to save money on the renovation. |
| 0:04.4 | You don't save money on the renovation. |
| 0:06.5 | I'll say it again, right? |
| 0:08.0 | People, newbies, I don't know why. |
| 0:10.4 | I don't know why this is a thing. |
| 0:12.1 | I don't know why it continues to perpetuate while everybody, like people that are experienced, |
| 0:17.1 | continue to scream from the mountaintops. |
| 0:19.1 | You cannot cheap your way out of a renovation. |
| 0:24.2 | In this week's episode, I interviewed Matt Borcaro to discuss how he has used a little-known |
| 0:30.4 | government-backed loan to do a live-in flip, which is a form of house hacking. Using this strategy, Matt was able to turn a $9,500 down payment |
| 0:41.3 | into $130,000 of equity, and he created over $2,000 of monthly cash flow. Matt has since gone on |
| 0:49.0 | to teach hundreds of other investors, his strategy, the 203K way. I hope you all enjoy this episode about a financial |
| 0:57.0 | product that is pretty popular, but doesn't get talked about a lot. At least I haven't seen |
| 1:01.7 | it talked about much. So, without further ado, let's get into this week's episode with Matt Porcaro. |
| 1:14.9 | You're listening to Real Estate Investing by the Investors Podcast Network, where your host, Robert Leonard, interviews successful investors from various real estate |
| 1:20.2 | investing niches to help educate you on your real estate investing journey. |
| 1:32.7 | Okay. investing journey. Hey everyone, welcome back to the Real Estate 101 podcast. As always, I am your host, Robert |
| 1:38.4 | Leonard. And with me today, I have Matt Porcaro. Matt, welcome to the show. |
| 1:43.4 | What's up, Robert? How you doing? Thanks for having me. |
| 1:46.2 | Occasionally, people will get started in real estate with distressed properties and more obscure options, like a 203K loan. But for the most part, I would say that people get started with simpler options like house hacking, turnkey rentals or maybe something that needs just a little bit of rehab, not really like a full |
| 2:01.1 | rehab with a 203K loan. So how did you get involved with 203K loans and investing using them? |
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