If you could go back to your early 20s and do it all over again what would you do? This question is what inspired Matt Porcaro and ultimately made him the founder of the 203k Way. Hitting right out of the gate, Matt is sharing his first home purchase using a 203k loan. Take a deep dive into what a 203k loan is, how it benefits investors, and how Matt used it to build his real estate portfolio. Learn all about how contractors play into a 203k loan and how this loan can be used specifically for STR investments. We’re even going into how a seller might see an offer that is a 203k or homestyle loan. Matt is giving practical advice on scheduling your time and prioritizing exercise, and encouraging those suffering from analysis paralysis. All things in life require a massive action, so listen in to be inspired to get busy.
Blue Gems Management- https://bluegemsmgmt.co
STR Meet Up- https://bluegemsgroup.com
Connect with Matt
Instagram- @the203kway
Youtube- The 203k Way
[00:00] Episode teaser
[00:36] Show intro
[01:09] Welcome to Matt
[01:24] Matt’s background and his area of expertise
[11:14] The nuances of using a 203k loan
[17:27] How to utilize a 203k loan for STR investors
[22:33] Blue Gems Management
[23:00] How is a seller looking at a homestyle loan offer?
[26:35] Ways Matt is investing his money outside of the 203k loan
[32:02] Advice for a real estate newbie
[34:26] A day in the life of Matt
[37:21] The last blue gem
[39:17] Where to find Matt
[40:07] Wrapping it up
