Uploaded June 2026 | Updated September 2026, 2 weeks ago
Episode #1281
Join the Future of Real Estate Investing with Fundrise. Start with as little as $10:
fundrise.com/pockets
This is arguably the *best real estate investing loan on the market today.* It funds the *purchase, renovation, closing costs,* and *up to six months of mortgage payments,* so you’re not on the hook when renovating a vacant property, all for 3.5% down.
Today’s guest used it to *put down just $9,000 on a house* and, *less than a year later,* had *$150,000 in equity.* It changed his life and *enabled him to become a real estate millionaire,* even in an unaffordable market.
*Matt Porcaro* (AKA The 203k Way) was working in construction in America’s most expensive market—New York City. He could only get preapproved for a loan of a few hundred thousand dollars, which doesn’t buy much in NYC. When a local investor told him about the FHA 203(k) loan, his entire world opened up, and changed his trajectory forever. *Now, he has over $1,000,000 in equity* and over $2,000,000 in real estate—after just *starting with $9,000.*
Today, *Matt explains the 203(k) loan from start to finish* —how much money you need to put down, *how to get preapproved, finding contractors, paying for the renovation,* what to know before you start, and a new change that makes it even more lucrative in expensive areas of the country. Beginners: This changes the game entirely.
Episode Show Notes:
lnk.to/biggerpocketsYT
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: biggerpockets.com/bpcon2026
Let Us Know What You Thought of the Show!
BiggerPockets.com/Podcastfeedback
Grab the Book on _Investing in Real Estate with No (and Low) Money Down_ :
store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down?utm_source=owned_media
Sign Up for the BiggerPockets Real Estate Newsletter:
biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
FHA 203(k) Loan: How It Works and Loan Requirements:
biggerpockets.com/blog/fha-203k-loan?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Matt:
biggerpockets.com/users/matthewporcaro?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Henry:
biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
0:00 Intro
0:00 Soul-Crushing Job, Now What?
4:09 The BEST Way to Start Investing
7:26 $500K House for $9K Down
12:52 Sponsor: Fundrise!
13:30 Current Portfolio
17:10 The FHA 203(k) Loan
23:12 Does This Work in 2026?
24:31 Know This Before You Start
28:28 Paying for the Renovation
31:35 Connect with Matt!
Episode #1281
Join the Future of Real Estate Investing with Fundrise. Start with as little as $10:
fundrise.com/pockets
This is arguably the *best real estate investing loan on the market today.* It funds the *purchase, renovation, closing costs,* and *up to six months of mortgage payments,* so you’re not on the hook when renovating a vacant property, all for 3.5% down.
Today’s guest used it to *put down just $9,000 on a house* and, *less than a year later,* had *$150,000 in equity.* It changed his life and *enabled him to become a real estate millionaire,* even in an unaffordable market.
*Matt Porcaro* (AKA The 203k Way) was working in construction in America’s most expensive market—New York City. He could only get preapproved for a loan of a few hundred thousand dollars, which doesn’t buy much in NYC. When a local investor told him about the FHA 203(k) loan, his entire world opened up, and changed his trajectory forever. *Now, he has over $1,000,000 in equity* and over $2,000,000 in real estate—after just *starting with $9,000.*
Today, *Matt explains the 203(k) loan from start to finish* —how much money you need to put down, *how to get preapproved, finding contractors, paying for the renovation,* what to know before you start, and a new change that makes it even more lucrative in expensive areas of the country. Beginners: This changes the game entirely.
Episode Show Notes:
lnk.to/biggerpocketsYT
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: biggerpockets.com/bpcon2026
Let Us Know What You Thought of the Show!
BiggerPockets.com/Podcastfeedback
Grab the Book on _Investing in Real Estate with No (and Low) Money Down_ :
store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down?utm_source=owned_media
Sign Up for the BiggerPockets Real Estate Newsletter:
biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
FHA 203(k) Loan: How It Works and Loan Requirements:
biggerpockets.com/blog/fha-203k-loan?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Matt:
biggerpockets.com/users/matthewporcaro?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Henry:
biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
0:00 Intro
0:00 Soul-Crushing Job, Now What?
4:09 The BEST Way to Start Investing
7:26 $500K House for $9K Down
12:52 Sponsor: Fundrise!
13:30 Current Portfolio
17:10 The FHA 203(k) Loan
23:12 Does This Work in 2026?
24:31 Know This Before You Start
28:28 Paying for the Renovation
31:35 Connect with Matt!
