55: 203k Rehab Loans and BRRRR House Hacking With Matt Porcaro
Matt Porcaro feels like he has tried it all when it comes to making money outside of a 9-5 job. Whether it be stocks, real estate or affiliate marketing he has dabbled in it all. Well this wouldn’t be a good real estate show if we didn’t talk about how he finally found success on the real estate side of things. Specifically we talk about what a 203k loan is and why it is such a great product to get started in real estate investing. So many people want to flip or do rehabs to properties, but many don’t know where to find the money to do it. Well with a 203k loan or similar (HomeStyle) you can purchase and rehab the property all under one loan! Matt tells us how doing just this helped him get started and allowed him to continue in the real estate world all for less than $10,000 to start. If you’ve heard of BRRRR or House Hacking this takes both and we may as well call it BRRRR Hacking.
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