After four years of trial and error with various strategies to break into real estate investing, Matt Porcaro discovered a little-known government-backed renovation loan that allowed him to purchase and renovate a duplex with only a small out-of-pocket investment.
Using this strategy, he turned a modest $9,500 down payment into $130,000 in liquid equity and $2,000 a month in passive cash flow—all in just eight months. After repeatedly being asked by friends and family how he did it, Matt decided to create a community focused on leveraging this loan and developed a strategy he named The 203k Way™.
Since then, he’s helped hundreds of aspiring investors acquire their first or next cash-flowing, high-equity investment property with only a 3.5% down payment, all by utilizing this unique loan product.
But it doesn’t stop there.
The first 203k deal not only helps his students achieve immediate equity and cash flow but also serves as a springboard to even more opportunities, helping them launch successful real estate investing careers—just like it did for Matt.
During the show we discuss:
– 203k Loan as a Game Changer for New Real Estate Investors
– Perception of the 203k Loan Being “Hard to Do” and How to Streamline the Process
– Items Required for a 203k Loan
– Turning a $9,500 Down Payment into $130,000 in Equity and $2,000 in Passive Cash Flow Using the 203k Loan
– Details of 203k Loan Limits, Rates, Qualifications, and Property Eligibility
– Steps to Create Significant Equity with a Small Down Payment
– Finding Deals Perfect for the 203k Strategy and Ideal Property Types
– Building a Team of 203k Professionals to Navigate the Loan Process
– Launching a Real Estate Investing Career with Your First 203k Deal
– Advice for First-Time Real Estate Investors Using the 203k Loan
Show resource/s:
https://www.the203kway.com/home
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