Myka and Stevie Stacks discuss pruning their portfolio from 70 down to 55 stronger units, then growing back selectively. Steve shares his shift from short-term to 80% midterm bookings, closing a refi at 7.25% and converting one property to Section 8 at $1200/month on an $800 mortgage. He's also pursuing an owner-financed condo at 3% for five years in the same complex where he already owns.
The conversation covers Al Williamson's midterm strategy of scouting Extended Stay parking lots and undercutting their rates, the power of direct relationships with insurance adjusters over OTAs, removing PMI after hitting equity thresholds, VA hiring across cultures, social-media funnels run by assistants, and the new federal rule raising mortgage costs for high-credit borrowers starting May 1st.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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