Intro

SPEAKER_00 0:00

Welcome to Live Let Thrive, a podcast about the Airbnb life, the share economy, and everything in between. Here are your hosts, Micah and Steve.

SPEAKER_03 0:11

Hello, hello, hello.

SPEAKER_02 0:14

And welcome back to another exciting episode of Live Let Thrive.

SPEAKER_04 0:24

What's up, Micah the Man?

SPEAKER_02 0:26

I'm chilling, Stevie Stacks. How you doing, brother?

SPEAKER_04 0:29

I'm doing wonderful on this beautiful hot Texas day over here in the North Texas area. This is episode 348 of your favorite short-term, midterm, long-term podcast and all that stuff. Podcast in the world coming at you from Fort Worth in Arlington, Texas.

SPEAKER_02 0:47

Let's go. Yeah, it's hot as hell out there.

SPEAKER_04 0:51

Yeah, it's hot. My wife said it got to 111. I don't know. Yeah. 111.

SPEAKER_02 0:57

Yeah, I heard a couple people said it was 111.

SPEAKER_04 0:59

Goodness gracious. It was hot. Yeah, well, hotter than the devil's uh toenails.

SPEAKER_02 1:08

Straight up. Yeah, it's hot out here, bro.

SPEAKER_04 1:10

Oh man, it is hot. And um, as you know, ACs break down in the heat.

SPEAKER_02 1:17

They do. They do. It's happening, man. I uh had got had to get one service yesterday, actually. So yeah, I know what you mean.

SPEAKER_04 1:27

Yeah, that's part of it. And you know, I would say Texas, but the whole country seems like it's on fire now, man. I don't know. Maybe that global warming stuff's real. Who knows? Yeah. Well, they said

AI Data Centers: The New Investor Play?

SPEAKER_04 1:37

it was gonna be rough because the El Nino thing happened in the ocean, but uh oh well. We we we're used to it here in Texas, kinda, kinda sorta. Now, my question to you, Mr. AI. Are these data centers gonna sap up all of our electricity? What's going on with that?

SPEAKER_02 1:52

The water, you mean? Yeah, the water, possibly. Uh no, they they're coming up with stuff, they're coming up with solutions for it. Uh I don't think they quite have it figured out yet, but yeah, they're coming up with solutions for it. I mean, they but it's funny though, like AI's taking the big brunt of this whole water issue thing. When they said uh most golf courses use more uh water than AI, it was pretty interesting stuff. Yeah, like a viral, like it's pretty pretty interesting on the water thing.

SPEAKER_04 2:18

Hey man, I've been playing a little bit of golf lately, so keep that water flowing, baby.

SPEAKER_02 2:23

Yeah, so I've been hearing that too, but uh yeah, they they're trying to come up with solutions for it. I don't know if they will, but we shall see. We shall see.

SPEAKER_04 2:31

I have a um a buddy at work. He's actually I bought his um townhouse a few years back when I was getting started. You remember that? I still got it over by the channel 11 tower. Okay, stop six adjacent. Um some good deals to be had at the stop six, man. You I send them to you. There's some good deals over there. Might work out for some um pad split action. Who knows? Um, but, anyways, he sold me his condo a long time ago. I I kept in touch with him. I see him at work at the day job, and um, he said his son is getting into building data centers, like the smaller ones, not of course, not the Amazon and Google and all those, but like the smaller ones, the mom and pop ones that only cost a few million to build, right? Yeah, and um, so he said he they're doing it. It kind of reminds me when real estate was humming, you know, when it was really humming, everybody at work knew a guy, knew a cousin. Hey, they're over here flipping houses, so we put our money into a fund, and then when a house comes up, we all put our money into it, and then we get paid 10 or 12 guaranteed until that thing's flipped, and then we get paid out, and then they use that fund to get another flip, and you know, it reminded me of that because they're doing that same concept with these little data centers that are popping up everywhere. I didn't even know. See, I didn't I don't know nothing about nothing that, but apparently there's like mom and pop private investors building data centers.

SPEAKER_02 4:04

Yeah, AI data centers are huge right now.

SPEAKER_04 4:07

Yeah, so I just thought it was the big dogs, the Googles and the Amazons and stuff.

SPEAKER_02 4:12

Uh yeah, yeah. I think Texas is blocking a lot of data centers, but it's one uh Google and Amazon got one that's trying to build a Mansfield and they're pretty pissed about it.

SPEAKER_04 4:20

Yeah, that's the thing, because they um our governor put a pause on data centers because of the electricity issue and um and the water issue. But I don't know, because I asked my buddy about this. He said they're taking on investors, and I said, Well, what about that governor thing? Ah, they're gonna get don't worry, they're gonna take care of that. It's gonna be all right. He goes, but a lot of the smaller ones, they have their own, he said they have their own um electricity supply or something like that. That they don't they don't feed off the grid. I don't know, but the big ones do, so yeah.

SPEAKER_02 4:54

Maybe they want maybe they need to look at solar too. I don't know how they want to. There's a bunch of ways to look at it. We'll see. This would have been a perfect time for your boy Mike. Mike, what uh that's his energy efficiency. That's his thing.

SPEAKER_04 5:05

How does Mike do it? Oh yeah,

Where to Find Midterm Rental Guests

SPEAKER_04 5:08

that's that's Mike's yeah, man.

SPEAKER_02 5:09

Oh yeah.

SPEAKER_04 5:12

Um, I had a question for you.

SPEAKER_02 5:14

Yeah, go ahead.

SPEAKER_04 5:15

So where are you? Because I know you're you're all all about midterms, right? And that's your thing. Yeah, you you you're on record by saying you you hate Airbnb. You've been known to say that, right? But I know you're I know you're getting stays from Airbnb too, midterms now, so that's cool. But um what are where are you finding your um midterm midterm guests? Where are you looking?

SPEAKER_02 5:42

Um I'm gonna be real, most of them are more intake now. Uh we post, like if something's come available, we send to our email list. We also we network on LinkedIn. We have now we have a Monday.com sheet filled with nothing but people for midterms, and we use that email list. Uh email old guests as well. We just kind of do a little bit of outbound marketing, but most of it's inbound. Like when we actually get one, it's people emailing us, texting us, or they've uh they've um emailed text or they book through like Airbnb and VRBO. And um, that's actually on the next solo episode I have. I'm gonna just show people how I'm building these dashboards to tell me how to list and price. Because a lot of the thing on Airbnb is people don't know how to list their property to actually be bookable for a midterm. So I created a clawed dashboard that goes and like I think I talked about it the last time that pulls all the data for your area and then it tells you, hey, put this much discount so you can get a midterm reservation at this price that people are booking at. Because, like, especially right now, you want one because it's slow season, you know, school just started, so you you need that. But yeah, uh, a lot of uh outbound marketing. There's a bunch of companies that I have in a list that I can send that company list to you. How are you getting yours?

SPEAKER_04 7:05

Uh, same kind of way. We do have uh a list of of um corporate housing providers that we email every week, you know, our supply. Um, but mostly, like I said, we've been doing this for a while. They reach out to us whenever something pops up. Um, a lot of them, you know, I would say I would say they go around OWL now, right? They don't there's not much business we're doing through Owl. Every now and then we'll get a booking through them. But the the people that have been working with us, um, and we've been housing their people, um, you know, the big dogs, ALE, CRS, some big dogs, they they just reach out directly to us whenever something pops up. So um, but I would like to, you know, because I I look at uh uh Jesse Vasquez and and he's talking about he goes after all the companies, you know what I'm saying? Uh and he goes after all the hospitals and builds relationships that way. So it's I'm at the point where okay, I know I need to do more, you know, because um there's a lot of units, we have a lot of units under management that I'd love to fill, all of them with cor with corporate midterm stays, right? Um but I I just need I just I was just curious how you're reaching out to people, who you're reaching out to, like local construction uh companies, you know, building something in town, or or even all the hospitals, you got connections at the hospitals. Um, yeah, so so that's all important, and that's where we're at right now. Like, man, you know, it was very good for a long time where they just finding us, finding us, finding us, but now it's you know thinning out a little bit where we had to, okay, we got to put some leg work in.

SPEAKER_02 8:46

Um,

The 4-Bedroom Sweet Spot

SPEAKER_02 8:47

yeah, uh company called Hard Housing. But one thing I will say, ask you, do you know what type of properties you're being booked midterm in your areas? Like what's what's the hot what's the sweet spot?

SPEAKER_04 9:00

I will say we got two four-bedroom houses that just stay booked, man. Actually, three. Three that just stay booked with um with workforce housing. Yeah. So so three bedroom houses don't not as much, but four bedrooms, that's I think that's the sweet spot around here.

SPEAKER_02 9:18

Yeah, the bigger families.

SPEAKER_04 9:19

Uh the three okay well the the three is fine for families for insurance claims. We're not talking about like work crews and and construction, stuff like that. They want the four-bedroom houses.

SPEAKER_02 9:29

I agree. Um, or like I got a six-bed, four-bath duplex, they're staying till March. Yeah, uh, they yeah, um, they're laying fiber. Um, those are sweet spots. Um, there's actually real good information to know for the listeners out there. So you got to know like the bedroom count. Like uh the three-bed, two-bath, those are good for families. The four and up, yeah, crews want them. Like anything four and up. Uh now I'll question your properties that are kind of slowing down, are they under that model? Like they are they two bedrooms? What's your slow? What's your slow spot?

SPEAKER_04 10:02

Yeah, I would say for the uh corporate stays, the four bedrooms, um, the four bedrooms, one bedroom. I'm sorry, the two bedrooms and the one bedrooms, you know, that used to get a lot of corporate stays, they're slowing down a little bit. Um, so that's what I was thinking. I need to, I need I've never made like like real big connections with the hospitals around here or or um or companies and stuff like that. But but yeah, I mean, every summer we would get all the interns that would come through, remember? Um yeah, and Dallas would Dallas is big on getting interns, so we'd we'd house them for the summertime, you know. That would take up three months of our summer. Um, but aside from that, nah, man. Um, like I said earlier back in the day, you know, we say that it was all travel nurses filling up all the one bedrooms, you know. They loved the one bedroom, so but now it's uh hardly ever get a travel nurse anymore.

SPEAKER_02 10:55

Those are yeah, that kind of died after the uh COVID stipend went down, man. That was like their they were just booking everything they could get. Um now, like, yeah, if you I'm gonna be honest, I haven't been in the one-bedroom, two-bedroom market in so long. I don't even know because uh that's one thing I did like two years ago, three years ago. I was like, man, I'm just going after the units I know I can keep booked, and that was the threes and fours, and I haven't looked back. Uh the twos, yeah, you'd have to find out who who else is coming to town. I would look at like uh maybe LinkedIn, um, ask ChatGPT and then uh or Claude and ask them and then tell them your area, be very specific, and then see if they can create a marketing campaign

Why We're Quitting Airbnb Arbitrage

SPEAKER_02 11:40

for you, like some marketing emails, you know, to see what you can put out there. Because yeah, I don't I don't even know the one and two bedroom market anymore, bro.

SPEAKER_04 11:48

That's that's funny you should say that because I'm looking to offload a bunch of my arbitrages that are one bedrooms and two bedrooms. Um they're profitable, they can they make a little bit of money, but it's just like I like, you know, I now I know what I want to do. I want to purchase houses. I want to buy houses, you know, furnish them and and and rent them out corporate or short term, and or corporate slash short term, or find houses uh that'll that'll make good pad splits. And either way, you know, I'm buying something and I'm getting all of the all of the plays, right? Equity, I'm getting the you know, cost egg, I'm getting the tax savings, getting all of it, you know, appreciation. Whereas, you know, for a long time, arbitrage was cool, you know, back when we didn't have a lot of money, it was an easy way to get in and and start making cash flow. But after, you know, after all these years, I'm like, well, maybe I, you know, I should start trimming where I don't, you know, don't make as much cash flow. And maybe someone else wants to would take that that unit over with more passion, put their heart and soul in it, and get it to make a lot of money. But my heart and soul ain't in those one bedrooms and two bedrooms no more.

SPEAKER_02 13:04

Man, I'm I'm the same way. And funny thing is, I had a conversation with a guy who found me on LinkedIn and Instagram. He had followed me, and he's hey that's the first thing he asked. He's like, Man, I he was talking about the short-term rental tax loophole and the cost egg, and he's trying to get into that. And he's like, Yeah, it's this guy, you know, influencer guy, man. He's telling us about the arbitrage. I'm like, bro, I'm out of that business. He's like, Really? I was like, Yeah, bro, I'm just not what I'm doing anymore. But that goes back into our last episode. Don't listen to these influencers, man. But um, yeah, that's good because the riches are in the niches, right? So once you know your niche, as some people say, niche, niche, whatever, once you know that, just attack it, bro. Um arbitrage, yeah. I I'm not with you the same way. I want to buy houses, own them. That money I'm putting towards arbitrages, I could be putting that towards the next deal, right? So it's like, I don't want to, I'm I'm out of that business too. I'm I feel you, bro.

SPEAKER_04 13:57

Yeah. You know, and and so I've I've for a few people that we know and that we uh manage for, I I've said, okay, I'm gonna send you the ones that I'm considering getting, you know, offboarding. And and I and I sent them the one bedrooms, two bedrooms, and um, they're like, oh, this is great. Do you have anything, you have anything bigger than these? And we might take these, but you have anything bigger? And I was like, Well, I do have some arbitrage houses. Now I I'm you know, I'm okay getting rid, you know, unloading some of those, but first I gotta clear, I gotta clear it through the um through the owners if they're if they plan to sell these, you know, especially if it's a profitable one, it's already furnished, they're already making money. Then if I if they sell it to me, you know, that's that's uh that that's what I would that's what I would prefer. And if they say, no, you know, we're not gonna we're not gonna sell it and this and that, then okay, well, I'm probably gonna just not read the renew my lease or find someone else to take it over.

SPEAKER_02 14:56

Yeah, for sure. That's the way to do it, man. Um the two-bedroom and one bedroom is hard, bro. They're hard. Uh it's funny you said that. I just remember shout out to our friend Jabron. He sent me a two-bedroom duplex. He was like, hey, it's two bedrooms on each side. I was like, you send it to me. I said I could send it out to and I could send it out to some people, but I'm like, I just don't know how those two bedrooms work, bro. I'm like, for the people that I know, they probably ain't gonna want no two-bedroom. However, I was thinking if it's two bedroom, two bath on each side, maybe a workforce would take it. I don't know. Because you're really 4-4, you're really a four-bed, four-bath. That might hit all day, but I don't know.

SPEAKER_04 15:35

That's interesting. That's interesting. Um if there's enough space, you can add it to that third bedroom on each side.

SPEAKER_02 15:45

But it's turnkey. It wouldn't be no point of adding a third, you know what I mean?

SPEAKER_04 15:52

You know.

SPEAKER_02 15:53

Oh, oh yeah, oh I don't, yeah. Yeah, you'd have to show me that. Because then if you did three, three, you six beds, four

PadSplit's Insurance Gap

SPEAKER_02 16:00

baths. Um, that'd be interesting to see. Oh, speakers of pad split. So, pad split. The insurance thing. Did you see that message I sent you earlier?

SPEAKER_04 16:14

What what was that exactly?

SPEAKER_02 16:16

The lady was like, um, pad split encourages you to build these walls that aren't permitted, and goes, if anything ever happens, like injury, most of the time you ain't covered, like insurance ain't gonna cover you.

SPEAKER_04 16:28

I've been thinking about that. I've been thinking about it. Really? I mean, here's what got me thinking about it.

SPEAKER_01 16:36

Okay.

SPEAKER_04 16:37

Because um recently, uh my my brother's wife's friend, like this happened like a few days ago, her house burned down. And so so she was over there with her, you know, being with her all day, comforting, comforting her and all that stuff. And that got me thinking, you know, of course that's a tragic tragic situation for them, but I was like, man, dude, you know, that can happen anyhow, really, you know. And then so, and I thought about the the pad split thing. I was like, does that is that um is that covered? What happens in the pad split situation? Not not I'm first and foremost the safety situation. And pat split tells you to have uh, you know, two doors or uh a door and a window or two forms of uh egress, they call it egress, where you can where they can leave the room.

SPEAKER_01 17:25

Okay.

SPEAKER_04 17:26

So you have to have a window and a door, maybe two doors or two, uh whatever it is, it has to be two, it has to be two, right? In their room. They have to have a room, uh door to get into the room, they have to have so pretty much they have to have a window to get out of the house in case in case a situation like that happens, fire, right? Okay, so so um, but that doesn't mean like like you said, it doesn't mean the insurance companies can be cool with it. Like, oh no, you know, you put up all these all these walls, and um, and what happens if you know if a fire happens or something like that and they can't get out. Um, so that is yeah, that that got me thinking when when that fire situation happened. I was like, man, and you know, what happens in in those situations? And I don't I don't have the answers to that. There there are um pad splitters out there that says they're they've designed, they're starting to design insurance for pad split. So um I'll look into that for sure and and find out, but um, but yeah, I I know that they say unpermitted or whatever. They here uh where I'm doing them, uh you don't need a permit to put walls in anything inside your house, you don't need a permit for. Now, converting a garage, yes. Uh or adding on to your house, yes, you need permits for that. But anything inside your house, technically you don't need a permit for. Now I don't I'm sure that's that's probably not every city out there, but at least the cities I'm operating in, that's that's what I understand.

SPEAKER_02 19:03

Okay, so there are okay, and I just googled the reason why I was looking down is that was chat GPTing, are there insurances that are covering pad splits? Um, they said uh Steadily's hopping in the game. Okay, uh Steadily is uh includes Texas, Arkansas, uh Pad Split also has Host Guard, which is empowered real estate insurance. So it looks like they're they're hopping in even Pad Split's starting to offer it. And the reason why I was wondering, because even air because you said they're kind of getting similar to Airbnb, because even Airbnb offers insurance. But yeah, because I that was a very interesting point she made. She goes, if you're doing a bunch of uh unpermitted stuff and something happens, you might be on the hook. So yeah, that's one thing to consider.

SPEAKER_04 19:52

Here's what I'm probably gonna do. Okay, which which is most likely gonna do. Um, I'm gonna put a fire extinguisher inside of each bedroom.

SPEAKER_02 20:01

That's a good idea.

SPEAKER_04 20:02

And then um, you know, so if they're cooking crack in there and then they light themselves on fire, you know, like Richard Pryor,

How Many Houses Is Enough?

SPEAKER_04 20:09

that'll be all right. They can hose themselves down.

SPEAKER_02 20:13

Now, I do have a question for you. How many more units do you I guess let's talk about Ingo, right? How many more units do you want? Because I know you said you're trying to offload some arbitrages. How many owned units do you want?

SPEAKER_04 20:29

That's a good question, man. That's a good question because you know, and we talked about this uh a little bit bringing up our our buddy Brandon Turner. Um, how much is enough? What what is enough, you know? And man, cuz because yes, I've been picking up houses, right? But at the as they say, you know, more money, more problems, more houses, more problems. You know, because you got you got there, you go, you got another AC to worry about, you got another roof to worry about, you got another plumbing to worry about, you got two more toilets, three more toilets to worry about. It's like, it's like, yes, it it's cool, it's wealth building and all that stuff, but I'm like, man, if I keep adding and adding without subtracting, it's just gonna be and I and no, it's gonna be more more headaches potentially, right? And they say, you know, build out your systems and don't do any of the work yourself. Okay, that's fine. But uh, like we said earlier, the the shit rolls uphill, rolls to the top, right? So, so all this stuff, like the major the major components. Um, so I don't man, I'm that's why I'm looking. I'm like looking to simplify by offloading the the arbitrages, focusing on the houses. I guess what I need to come up with is a number, you know, to be here's the thing to pay off debts that I should pay off, right? If I'm able to pay off all these debts that I have. Like while I was building my empire and get those to zero, then I'll and everything will be profiting, you know, pretty good. I think that's that's a good point to look at. I don't know what that means as far as how many houses I should have. I'm cool if these 12 that I own are are making enough money for us to live comfortably and paid off our all of you know paid off all the the debts that we had, then I'm happy with that. I don't have to get any more.

SPEAKER_02 22:27

Okay. So yeah, you own 12, right? Correct. What's stopping you from paying those off and just being free?

SPEAKER_04 22:36

Um money.

SPEAKER_02 22:40

Well, that's what the hustle's for, right?

SPEAKER_04 22:42

Yeah, yeah. Yeah, no, no, you make sense. Or if you look at it like that, I don't have to pay all 12 off. I could I could sell a few, or I could, you know, condense it to just um five paid off houses, right? Even though it's all you need.

SPEAKER_02 22:56

Depending on your cash flow number, right? If you need 20,000 a month, what's the you know, it's all you need. If you if you had a my momentor said if you had five paid off houses, it would change your life. I was like, dang. Yeah and I thought about that. He's right. If you had five paid off houses, you only thing you're paying is taxes and insurance to change your life. Um, so that's what I was wondering. Because like it always has to be like an end goal. Because I was talking to a guy today and I was telling him, you know, I'm gonna plan on paying off these X amount of houses. I was like, 12 houses, I'll pay them off, or 14, I think I said. And he's like, but but everybody wants debt. I'm like, that's what they say on the podcast. Go talk to multimillionaires. They got a nest egg where they ain't whether there's a huge nest egg of where they ain't got no debt, you know, they might go get more debt, but that debt's eh to what's becoming in, you know what I mean? Um, like Robert Kiyosaki said, if you take on big debt, make sure somebody else is paying it, you know, which we're in that situation, but yeah, I always wonder like what's the end goal because I know my end goal is I do want like 14 paid off. And they if they cash flow, they rent at 1540 a month long term. I could rent them long term, or I could short term and midterm and make the extra cash flow, you know what I mean?

SPEAKER_04 24:07

So why 14?

SPEAKER_02 24:09

Uh that's just the number of cat cash flow. So 1540 a month times 14, if that's all paid off, that's how much I'll be bringing in a month. So that's like what fifty well over fifteen thousand a month? Or it's almost close to twenty. So that'd be like twenty thousand a month coming in. And that's all you need. So just basically work backwards. What's the average rent in your area? Average rent's say I wanted 20,000. The average rent's two, two thousand. All you need is two houses, ten houses. Pay them off, you got twenty thousand a month coming in.

SPEAKER_04 24:38

Right, right, right.

SPEAKER_02 24:39

Yeah, and all you're stacking up for is you know, expenses, and

The Shaq Strategy

SPEAKER_02 24:43

you can easily stack that if you got 20k a month coming in, right? If anything breaks, you know. So that's always safe. Go ahead.

SPEAKER_04 24:51

Well, here's something I thought of right now. Just talk just just listening to all that. Is um, you know, Shaq, when he was in the league, right? Yeah, he didn't spend any of his his money from from what he made on the basketball court, right? But but he he lived off the endorsements. Now, this is what I've thought of too. Me and you kept our jobs, right? You bounced for a minute, then you went back, but but me and you have our day jobs still, which is uh we're terrible gurus for that. I know. Sorry, sorry, Instagram, but we're real nah, we're realists, bro. We got kids. That's what I was saying. That's what I'm saying. Well, we got jobs that that we don't really hate, you know what I'm saying? We got jobs we don't hate, and and we don't mind being there, and um so my thing is just being able to live off that income, like from your job, and then anything else that comes from the houses or something else, that just keeps rolling. That's a great play.

SPEAKER_02 25:56

It is because you your insurance is now taking care of it because you gotta realize too, insurance ain't cheap. Oh my god. No, that ain't cheap. So I mean, if you if you work your day job to your whatever, like even if the thing is the power, it's the power of having a job and being able to retire when you're 50 or 55, having that freedom option and choice is there, that's what you want. But then, yeah, if you had that, you got enough vacation time. Yeah, you can't be mad at that, bro. Spend time with your family, your kids. You ain't got a high stress job, you know. I've I don't I'm not mad at that at all, you know. Yeah, yeah, because you gotta have your end goal, know what your end goal is.

SPEAKER_04 26:38

Right, right. So, yeah, I just thought of that right now, and reminded me of Shaq, how he did it.

SPEAKER_02 26:43

Yeah, and look at Shaq did with the rest of the money he was bringing in. He bought up a bunch of 24-hour fitnesses and all that. Like, Shaq's a real like real business savant, you know what I mean?

SPEAKER_04 26:54

The pizza places, what's that?

SPEAKER_02 26:55

Papa John's, Papa John's, or yeah, one of them. He yeah, he bought into those. So yeah, so it's something to consider, you know.

SPEAKER_04 27:03

Yeah, so um what was it? What else are we gonna talk about today? What are you what do you got in your mind?

SPEAKER_02 27:10

Oh, you were talking about the D neighborhoods, the uh the uh over there in um

Investing in D-Neighborhoods

SPEAKER_02 27:16

in uh was it stop six? This is what I had a question for, like over in those D neighborhoods, because I I have one property in a D neighborhood. My duplex is in a C, and then the rest are in like Bs. With a duplex and a because I have one property in a D neighborhood that's section eight. Do you does it appreciate? That's my only thing.

SPEAKER_04 27:48

I don't think so. I don't okay. I mean, I guess because they print so much money, everything appreciates a little bit. But um yeah, I I've I've the thing is, and the ones I've sent you guys, they freaking went in there, these meant to be flips, right? Yeah, and and there's a lot of those meant to be flips right now. Um, but they did they did the flips, they made them really, really nice in the hood, stop six area over here, stop six forth. That's pretty much the hood. You look at the schools down, you scroll down to the schools, it says one out of ten, you know. That's not good. Yeah, you can't go lower than one out of ten. I mean, a zero. I don't know what zero is, not there's no school, but but uh one out of tens in the schools. But like I said, okay, that would deter most people. They shouldn't have done a flip there. You know, people are gonna look at that kind of stuff, hopefully. Um, but people like like investors like me, I'm looking for a nice pad split. I mean, it's right off the freeway, it's close to Fort Worth. You can go to Dallas the other way. Um, yes, it's stop six, but uh most people are you know that I'm that I'm serving is working class people, anyways. Um, they don't have, of course, the pad splits, they don't have kids there, they're not worried about the school systems and stuff like that. So that's what I was thinking. They've renovated these places really nice, they look beautiful, right? But they're in the hood.

SPEAKER_02 29:11

I love that because that I had three things I had no D neighborhoods, flips are slow, and the cash flow and appreciation thing. Thing I love that you said is you know the target that you're serving, and now riches are in the niches. You you have your niche where you're just hey, I'll take that, put set it up as a pad split, because we've already determined C and D's, that's where the pad split is. Um, I think that's a great way to do it. Because I mean, hey, they ain't got no kids. Because I mean, me and you, we look at a place and we're gonna live there, what's the school district like? You know what I mean? We got kids, we send it in there. Um, and

Crash Watch: DFW Is Slowing Down

SPEAKER_02 29:50

another thing, like flips are being slow, because we talked about this earlier and the market's changing. What do you feel like? What do you think can happen to the DFW real estate market? Because I'm watching it and I'm just like, stuff's just sitting, man. Like it's four houses in my neighborhood sitting.

SPEAKER_04 30:07

Yeah, yeah. It's very slow. Lots of price cuts, what I've noticed around where we're where we're at. Um, and a lot of those flip houses, man, where they they they go in there and make them look beautiful. But the problem with those, like we're trying to get them for like dirt cheap. They got they got a loan on these things that is a hard money loan, so they can't take lower than that certain amount. They go on to that certain amount where they're probably gonna, you know, be able to pay off the loan, and that's it, but they can't go no lower, you know. That's the problem. Uh lower than that is foreclosure. That's what that's where they're at, you know. I'm saying, and I saw one and I tried to buy one over here down by me, and I was gonna do subject two and all that stuff, but then they we found out they had another loan on it that you know, I guess they needed another loan to finish it off, anyways. They went to foreclosure. That one went to foreclosure because they couldn't pay off those loans, and nobody nobody wanted to put up that much money for that house in that area, whatever. So, um, so yeah, I think there's gonna be a lot of opportunities for us um in this area, you know, Dallas Fort Worth area, from what I'm seeing. But yeah, I mean you look at all these, um they made them gorgeous. They they put a lot they put money into these things, but that's that they got in exactly at they at the the wrong time to do flips, you know.

SPEAKER_02 31:24

Man, dude, gotta look at those days on market on flips, man. Because I'm like, man, it ain't a good time to be flipping, wholesaling and listing if you can. Listings are gonna take a while too. But um, this goes back into that duplex me and you been looking at that. You you you sent it to me, but I I already had a little dashboard for it. It's just they're steady dropping the price on that thing, like 10,000, 12,000. It's down to like I think they we the last when we first seen it, it was at 699, 700k. I think it's down to like 655. So I'm just watching it like steady drop. And it seems like I don't know what's about to happen on the market, but once these floor closures start hitting, because commercials, I think we talked about Brendan Turner last week in the commercial space. It already took the hit right after commercial. We know what comes next. Residential.

SPEAKER_04 32:12

Yeah, so that's so that duplex, that duplex, you're not um, you didn't put a low ball offer in.

SPEAKER_02 32:18

Not yet. Um, I want to go view it first. Um, I have a call in the morning with my brokerage, and we're gonna discuss some stuff about it, about like MLS access, me going to view houses because I want to go take a look at it. Um, because it is it's right by the stadium, it's in the entertainment industry. So I'm like, that's kind of the hood. But I was like, honestly, if I was to buy that, I would keep my house here, move into that with five percent down, take this house, put it up for rent, keep my kids in the good school district in Mansfield, and I'd house hack it. I could midterm it for maybe five, six grand a month. That might that might leave me with probably like five, six hundred dollar mortgage. You're winning in this economy with that. Now I can take some more money and start, you know, investing. So yeah, that's what I'm kind of looking at right now. That's what I'm kind of looking at. And they got a garage, so I could put one of the cars in the garage. We I was like, dang, bro, that three bed, two baths. Because I I was thinking this too. If I moved to Arkansas right now and lived in one of my duplex with the job I have now, if I could get a remote job doing that, and I'd be banking, bro.

Myka's License + Brokerage News

SPEAKER_02 33:28

I'd be banking. So I'm like, man, if I could do that in Texas, you know, so it's something I'm I'm considering.

SPEAKER_04 33:35

That's cool, man. Yeah, uh, so you got your license. Congratulations. That was awesome. That's awesome. So that means you can go walk into any house anytime that's for sale. That's the biggest thing right there. You don't have to call an agent, wait for their schedule, blah, blah, blah. See me tomorrow, whatever. You can go walk into any house you want.

SPEAKER_02 33:55

I agree. That right there, and I have MLS access. I can run comps. I can run comps. I can uh I can run comps, I can see how much stuff's going for, how long days on market. Because these four houses in my neighborhood, I want to see what days on market. The one on the corner down here, which is a corner lot, it's been sitting a minute, but they they don't take care of the grass, it just has a for sale sign out there. And when I was driving by, somebody had it was like a white paper on it. I don't know if it's probably a might be a wholesaler or something, but I didn't take a look at it. So yeah, I can go take a look at houses, see what's going on with them. Um, that's actually what I want to start doing first, is like analyzing the market so I can see what's going on. And then uh I've been working, talking to people that are friends of the show and talking to people uh that we've met through our meetups. You know, they want to like, hey man, can you set up a uh house tracker for me and do this? I was like, cool, man. So just trying to get my feet wet, but I really want to be able to wholesale, list properties, and also be able to find good deals and network. I've been having a really good network, been hitting me up, you know. Shout out to Thatch, my mentor. He made a little post for me on Mahogany on Instagram, so giving me a lot of traction, people coming to me. So yeah, man, I'm excited about it. I'm excited about it.

SPEAKER_04 35:06

Congrats, man. It's big time.

SPEAKER_02 35:08

Heck yeah. I was like, man, we could be talking about this. Like, let me go ahead and do it. Plus, like, I hate running comps in Texas if you ain't got no license, bro. It's a disclosure state, so you got to get you know, got to get the full-blown access. So, yeah, and I got some AI stuff behind that I'm working on as well. So, yeah, I'm excited about it.

SPEAKER_04 35:26

So, so what's cool about about you becoming an agent is because you're already an investor, right? And you already know about creative finance, subject to owner finance, seller finance, all that stuff. And um, and you can you you can look at houses different than like a traditional agent, you know. I've been through a few, they just show us around. They show, you know, it's it's like, no, I'm not gonna live in this mother lover. I'm gonna I want to buy it for an investment property, you know? And now, you know, I train trained my agent and she knows what what you know to look for now. Um but what's cool about how you're doing it is you're coming from the investment side. Yeah, service investors that are looking for houses.

SPEAKER_02 36:13

That right there is one of the reasons I got my access too, because you talk to a realtor, they don't really know much. And I'm gonna be honest with you, after I took the real estate test and I started going through it, I'm like, oh, no wonder they don't know anything. Because it's like it kind of trains them to just be walk by this line, which you walk by the line once you're with your brokerage, you walk by the line, but you have to know like okay, what's the subject to well, how does that work? How do I serve an investor? Um, that's why if you're an investor-friendly agent, you can easily get deals and make deals because you're more you're more valuable to that, to in a to a two, three investors who are constantly investing, you're valuable. You know, like if you're just sitting there targeting the first-time home buyers, like that's one client, you're done for the next 10 years or whatever, however long it is. So, yeah, that that's my biggest thing, too, is like I want to be able to, and like even if you have a niche, riches are in the niches, right? Like we have a niece of short-term and midterm rentals. Most agents who've been who are investor-friendly agents don't even understand that part about it, right? They don't even understand short-term rentals, midterm rentals, okay, tax loopholes, cost segregation studies. So, how do I, you know, they don't understand that side of it because most of them get reps anyway, right? So they're not even worried about that. They don't think about them like, but you can sell it, you know what I mean? Yeah, so yeah, it's a bunch of different, you know, things you can do. And I get the reps now, so I think

Investor-Friendly Agents Win

SPEAKER_02 37:41

you know, double dipping. So I ain't really gotta do the short-term rental tax loophole no more, but I can't, I will, you know. So it's a lot of cool things.

SPEAKER_04 37:49

I will say, get get Zaona's book, the creative. I'll get that one. Because she talks uh, she talks directly to agents in this book as well, not just us investors, right? She's telling agents how to use creative finance to to close deals. And um, like her thing, she just loves putting deals together. She'll go find a house or someone that that broke up with their agent because it's been on the market 100 days, they couldn't sell it, whatever. She goes and talks to those people, right? And she says, Listen, I could I could probably get your house sold, get the price you're asking for, but we got to do it this creative way. Are you are you okay with that? You know, and a lot of people, well, yeah, I couldn't sell it anyways. You know, the other agent couldn't sell it. So she she puts these deals together and then she shops it around her network of people that are looking to buy these houses creatively, and then she's able to make these deals happen. And so I think that'll be right up your alley, man. Because um, you know, you know, you know creative finance and um and doing stuff like that. Whereas most agents, I mean, I mean, she's she mentioned it, other people mention it. Soon as like I tell my agent, or as soon as I reach out to somebody and try to buy something, creative finance. I've been sitting there forever, no one's looking at it, price drop, price drop. It's it's that the the firewall is that other agent. They don't know, they don't they don't know what the hell creative finance is, even though they've been doing it for 10 or 20 years, they don't know what it is, or they've heard about it, or or they just don't feel comfortable with it, so they're gonna shut you down. They're not even gonna let you talk to that person or or even enter it, even introduce it to that person. They want to go through the bank, you know, six months of all your statements and all, you know, all the tradition. That's all they know, and they don't want to learn no new tricks. But if you're able to like put deals together for that for people that are selling houses or buying houses, I mean, man, that's that's golden.

SPEAKER_02 39:40

Bro, I'm gonna be real with you. If any agents are listening to this, most of the time it's because a brokerage may be telling you that you shouldn't learn that, or a brokerage should be telling you something, but that's what it is a lot of the time. It may be like the person, the brokerage they're with. So, like, get you a good boutique brokerage, that'll help my agent out, you know. Someone who's an investor-friendly brokerage, that that is a hit right there, you know, and that's how you get deals too, bro. So it's a lot of things out there that that agents can take advantage of. And I'm excited to network with a bunch of agents too. Um, you know, once I get a couple deals under my belt, you know, but most of the deals, hopefully, they're my they're under my belt and mine, so I can, you know, start working toward my door number.

SPEAKER_01 40:24

But yeah, man, straight up, I feel you.

SPEAKER_02 40:27

Because I I've I've been to meetups and I heard an agent say, Oh, I don't work with investors. It's the silliest thing I ever heard in my life, bro. Like, what? It's like, yeah, like what? It's like a pimp saying I don't work with hoes. Like, what like what business are you in here, bro? That's a bad analogy. Sorry.

SPEAKER_04 40:48

That's how we do on this show.

SPEAKER_02 40:50

Like, I'm for real. Like, what kind of nonsense is that?

SPEAKER_04 40:53

But you see, you see, and uh, what was that movie with um Rob Schneider when he was uh the male pimp? Uh Jigolo Deuce Bigelow, Deuce Big Low, male gigolo. He found his niche. These weird chicks wanted a guy like him, right? He found his niche and he was making money. And uh his his pimp, what was his name? Uh Audi Murphy. Uh Eddie Griffin.

SPEAKER_02 41:17

Eddie Griffin.

SPEAKER_04 41:19

He's like, Man, your mangina must be made of gold. But he found his niche, all these weird chicks, that lonely chicks, you know, he was uh he was servicing them straight up. Hot chicks didn't want him.

SPEAKER_03 41:32

Yeah, so he started, you know, found his niche, man.

SPEAKER_02 41:34

But nah, man, straight up. You gotta like seriously, you gotta change it up, man. Understand how to get creative, especially in times like this. I uh between now and the end of the year, I think it's about to be a bloodbath for real estate. You know, it already is, but between now and the end of the year, it's about to get ugly.

SPEAKER_04 41:54

Last time, last time they printed the problem away, man. Are they gonna do that again this time?

SPEAKER_02 41:59

I don't know, bro.

SPEAKER_04 42:00

Because they said, okay, uh, all the banks, don't worry, they don't have to pay their mortgages, all the all the renters, they don't gotta pay the rents. They just kind of like they printed it away, man. They printed trillions and they said, we'll just just keep kicking the can down the road.

SPEAKER_02 42:12

Well, you talk about it again. You talking about uh COVID 20 COVID. Okay, okay, COVID.

SPEAKER_04 42:16

How about COVID?

SPEAKER_02 42:17

I don't think they can.

SPEAKER_04 42:18

2008, they let everybody go, they let everybody go under. They didn't give a shit. But but COVID is when they they kept, okay, just call this number, call Wells Fargo, and just tell them that you have a hardship and then you don't have to pay your you don't have to pay your mortgage. Okay, what happens after after COVID? Uh we don't know. We'll we'll find you know we'll see what we can do.

SPEAKER_02 42:36

See that this is interesting because I don't think they're gonna do that again. So I think the people with the money are about to I think some folks gonna belly up. And I think the people with the money are gonna be able to rich get richer, right? Um, and then the people like you, you know how to create a creative finance deal. You'll be able to create some deals, you know. I think that's what's gonna happen. I I don't know how bad it's gonna get. But if you remember, I think at the beginning of this year I made a video on Instagram and I said it's possible that the real estate market could crash in 2026 because it crashes every 18 years. And we're in that point where you know, I don't I don't know. It's gonna get ugly though, because this stuff's sitting for long periods of time and nobody can afford it. You know, um look at gas. Gas prices are through the roof. Look at groceries through the roof. Um, but gas is just ridiculous. But me and Mahogany just found a little trick to that. Fill up on Sundays at Sam's Club is like 290.

SPEAKER_04 43:40

Oh nice.

SPEAKER_02 43:41

Yeah, that yeah. So you just gotta find little tricks, man. Um yeah, man, I I think it's it it's probably gonna get ugly, bro.

SPEAKER_04 43:48

That's where we're gonna uh title this episode, Finding Tricks.

SPEAKER_02 43:54

I don't know if we get our target audience.

SPEAKER_04 43:58

They know us by now. They know it by now.

SPEAKER_02 44:01

But nah, man. I don't know. I really don't know what's gonna happen, but like I've never seen like it's looking 2008-ish out there, right? You know, stuff sitting.

SPEAKER_04 44:12

Yeah, uh I have a buddy that always shows me the bonds market, man. For some reason, uh yeah, the bonds market. Bonds like that. Yeah, and they said it's looking like two 2007 levels. I'm like, ooh, what happened around 2007 times? Um I mean if you if you if you're investing right and you're saving, you know, keeping some money to save, you'll be you'll be alright. You know, when they say um recessions make millionaires, crashes make billionaires.

SPEAKER_02 44:45

Yeah, I mean, yeah, and then if you're make sure you're buying with some equity, man. Um I'm gonna be honest. Like people say the burr strategy is dead, but if you can get a good burr and have some good equity after you do your refi, you might be sitting pretty. You can get a good deal, you know what I mean? Um because yeah, my neighbors over here, they had an eviction. So I I went over there, I walked it, knocked on the door, nobody was there, and then I seen them cleaning the next day and I called them, and then I seen them cleaning, and they were like, nah, we're not gonna sell. Uh they live out in Cedar Hill. Cause I, you know, did the you know, prop streamed them all that. They're like, No, we live out in Cedar Hill, but we're just gonna fix it up. They fix it up, we got a new renter in. So, but yeah, we had like two evictions, and that's why I say my neighbor is coming to renter's neighborhood, and then like all the stuff for sales just sit. So I don't know. And then I don't want to buy nothing over here because it's Arlington, we're outside the entertainment district, you know. So it's like whoever moves in this house, yeah, it limits me. Like, I don't want limits, so it's like whoever buys these houses are either I don't even know if they're gonna move into them because it's like such a renter's neighborhood over here, they're probably just gonna buy them and I don't know, try to rent them out. The last time during COVID is when these neighbors next to me moved in, but it was sitting, and then I think BlackRock owns this house next door. So I think they bought it, and you know, so I don't know. Interesting to see. Yeah, because I ain't seen this many houses sitting, not in my neighborhood like that.

SPEAKER_04 46:18

Oh man, it's a nine-day difference from back in the day when they were just bidding over a hundred thousand over the asking price, trying to get a house, man. It was crazy.

SPEAKER_02 46:28

And it's like, where are those people at now? Because they're gonna be the first ones to go. Or unless you just got if you got money coming in, they can just afford it. But imagine how upside down they're gonna be on those houses

Property Taxes Kill Texas Deals

SPEAKER_02 46:43

if the market flips, which it is, it's flipping. So look how how far upside down they are gonna be on those houses. It's gonna be insane, bro.

SPEAKER_04 46:52

You remember when um we were talking about this last time we were doing our uh property taxes in here in North Texas area, and I and I told you, man, you're putting in anything in um 50,000, 80,000, 100,000 off, you know, lower than their projected price, and they're accepting the computer was accepting all these prices, right? I mean, everybody was getting discounts on their taxes. But now, have you seen what's been going around in these little these cities around here? They're starting to talk about oh, we need to start raising the raising the um property taxes because they I guess they're not like took a hit. Yeah, they took a big hit and they're not being able to being able to balance their budgets now. You know, they're short. So, where do you go? You go get these how you get the money from these houses, man. So already people are in bad situations, and if these cities get their way, they're gonna start raising taxes even more around here.

SPEAKER_02 47:45

See, and that you know what property tax is what's is what kills deals in Texas, you know what I'm saying? Interest rates, we can't control that, but and we can't control property taxes either. But that in Texas, that is the number one killer of deals. You will cash flow year one, year two. Hell no, it ain't cash flowing no more. I just seen somebody on Instagram saying, Man, my mortgage went from 35,400 to 5600 year on a new build. I was like, Ooh, they got you, bruh. Remember when you I don't know if you remember uh what is it? Uh rush hour when uh they were printing that fake money and Chris Tucker burnt it and it was fake money. So they got you, bruh. I got you, bro. I was like, they got you, bruh. Yeah, man. So it's interesting. It's interesting, boy. It's ugly out here, man.

SPEAKER_04 48:36

Yeah, that's what uh that episode of uh uh bigger podcast I was listening to today, and I was telling you about that guy that's buying these houses in Houston. He's getting he's getting really good discounted, um discounted rates, even like uh what's it called? Uh flips that they they stopped flipping because I guess they ran out of money or whatever the circumstances were, so they got these houses. But he said, but he knew he knew what he was doing, so oh, I just gotta add some countertops here and finish out the you know the cabinets. He so he knew how to finish them flips that

The ADU Two-for-One Play

SPEAKER_04 49:02

people just gave up on. And um, but but the he's he's targeting houses that already have an ADU outbag, and so he's getting two houses for the price of one in a way, right? But he was telling um Henry Washington was the one uh the host today, and he was telling him, Yeah, but he goes, the thing is with this one I just bought, it had uh $14,000 a year property tax on it. And Henry's, oh my god, he goes, I forgot how Texas has those property taxes, man. You got everybody say, I moved to Texas opportunity, but those, you know, no, no ink, no state income tax, but they get you on those property taxes. And um, but the guy said, Oh, but I was able to fight it for the next year, and then he got it down to 5,000. Now that's that's great. But is he gonna be able to sustain that if the these towns start running out of money? Where are they gonna go? They know they can raise their property taxes.

SPEAKER_02 49:55

See, and I'm gonna be real though, I think his save and grace is is he written out the ADU separate from the front house? That might be a save and grace. Yep. Small multifamily right now, I think, is a lot of people's save and grace. Like, if you can get a duplex to a quad, that's like a lot of save and grace. Because, like, the my duplex, man, it kills it. Like, I even if like long term, I could still cash flow, but at the same time, it's not in Texas, so it doesn't have the property tax issue. But maybe buying ADUs might be like properties with ADUs. I think ADUs are taking over the West Coast right now, like that's how they're still cash flowing is through ADUs. So if you can get something with the ADU in the back, and then in the future, if they do like the lot splits like the West Coast is doing, so the houses appreciate differently. And so, like, let's say the house is worth 200 front house, and the next the back house is worth 200, you got 400k, and you only bought something for 200,000, that's a lot of equity, you know what I mean? So I think buying stuff like that or buying stuff with a big backyard so you can put an ADU back there works as well if you get it at the right number.

SPEAKER_04 50:57

Yeah, but just to me, just like swimming pools, you always want to buy a house that already has one instead of building one, right?

SPEAKER_02 51:03

Yeah, yeah, for sure. For sure. Yeah, you can get one with one, you winning, bro. You're winning. Man, and I'll be real, the reason why you want one with one in Texas is because they don't they can't add value to the property right now. So you're getting a two for one all day.

SPEAKER_04 51:19

I told you about Arlington, right? Back back in the day when I bought a house there, and I was like, man, I'm gonna put an ADU out back and I'm gonna rent that out in Airbnb. This is before Arlington banned Airbnb, right? And I had that house like I had the house 1.5 miles away from the stadium, whereas you had to be one mile right outside.

SPEAKER_02 51:36

Oh, yeah, yeah. I know what to have to talk about.

SPEAKER_04 51:37

Yeah, I said, man, I'm gonna put an Air ADU out there, it's gonna be my Airbnb house, boom, boom, boom. And um I I asked the city, how do I go about building one of those? And they said, Okay, you pay us a thousand dollars. This is back then, probably gone up since then. You pay us a thousand dollars, and then you send us uh the plans, and then and then we we either approve it or don't approve it. I was like, Well, how long does that process take? Like, uh, about you know, six months. And I was like, dang, that's a long time. I was like, what happens if y'all don't approve it? I was like, well, I said, do I get my thousand dollars back? He's like, no, you don't get it back.

SPEAKER_03 52:13

What kind of process is that, man? But that's just that's just how they did it, you know, yeah, bro.

SPEAKER_02 52:20

Yeah, because they like I know the laws for it, like you gotta be five feet off the line off the off the property line. Uh five feet off the property line. You give them the money, they can say no, not give you your money back. Uh, but in my neighborhood, though, it's a dude who built a big ass one in his backyard. They ain't said I don't know if it's legal or illegal, but he they ain't said nothing to him. But but uh but at the same time, it's attached to his house though. Like he built a little thing that attaches it to his house.

SPEAKER_01 52:51

Okay.

SPEAKER_02 52:52

So I was like, hmm. So I don't know, I think I don't know if that changes the rules. Um, and then yeah, I don't know. It's a couple people that I've seen build them. Uh, but my our other mahogany's old friend, her friend she used to hang out with, her brother built one in his backyard. Somebody snitched on him. City told came to his house and told him to tear that shit down. Damn. Russia's about to get, I think it was like five thousand dollar fines or something. It was crazy.

SPEAKER_04 53:16

That's the risk, man.

SPEAKER_02 53:18

That's the risk.

SPEAKER_04 53:19

That's the risk.

SPEAKER_02 53:20

That's the risk. He told his ass to tear it down, or you're about to get some fines, but yeah, bro. That's crazy, man.

SPEAKER_04 53:28

Yeah, man. So this has uh been a good episode, I believe. Yeah, yeah, man.

SPEAKER_02 53:34

Yeah, man.

SPEAKER_04 53:34

Anything else you wanted to cover before? So I'm back at I'm back at my house now. So so I did the whole downstairs first, doing the renovations, right? We got new floors, new paint, and everything. So looks really good. So we're back at the house. So I was telling you, we're living at the Airbnb house, right? And which was cool. It made it more like a family affair, you know. I'm saying that the kids like being there, it was somewhere different to be, and they really like the place. And um, even even my daughter Lucy, she's like, she's like, Can we why do we have to go back? We can we stay here. I mean, they this house is a smaller house, right? Three bedroom, two bath, a little smaller house than ours. Don't have a pool in the back or nothing. Yeah, but they renovated it so beautifully, right? The guys that did the flip. Um, yeah, they it's so beautiful how they made it. And so to me, I was like, Man, you know, it doesn't really matter how big a house is or whatever, as long as it's done nicely and it feels good. I mean, the people the family's gonna be comfortable there, right? And she's like, I was like, Yeah, and I was like, How much do we really need in life? You know, but you know, philosophy philosophy aside, um, I was like, Well, you gotta go back to school, you know. We gotta go over there so you can go to school. She goes, Well, can I we? You know, you've been taking me to school here, or can't we just stay here and I'll go to that school? It's like, well, there's people that do that, like you were saying earlier. You'll say you might get that dupe stay in that duplex, but still go to these schools over here, right?

SPEAKER_02 54:58

Heck yeah, man. People do it. Hey, if you got an address, you got you can send mail here, bro. You know, you can do it. Hey, yeah, all they want is a mortgage statement here. Boom. You know, yeah, they could okay. So a quick story about the mortgage statement thing. So in Little Rock, Arkansas, right? There's this school called Central. It's a predominant school. Everybody wants to send their kids there. It looks good in the college application. Only school, high school in America that's in history books, because it was the first integrated high school in America. So what these people do is like you most because Central's in the hood, right? It's in the hood. But what these rich people up in the heights do, their kids can go there. They buy these little small rinky dink houses that are around the school so they can send them kids there. Then say when they like, hey, well, can you prove that you live here? Send the mortgage statement in. Hey, yeah, here's the mortgage statement. So the school gets filled up, and not everyone's able to access that education. That's just a loophole they use down there. Yeah, dirty game, bro. Dirty game.

SPEAKER_04 56:00

Rich people are slick.

SPEAKER_02 56:01

Hey, dirty game, bro.

SPEAKER_04 56:02

But hey, it's how it is, man.

SPEAKER_02 56:04

That's how it is. I was like, dang, that's how they do it. So yeah, watch that.

SPEAKER_04 56:11

So you're gonna send you send your kids to Central then?

SPEAKER_02 56:14

Nah, I ain't seen the school in Arkansas. I'm in Texas now, baby. Yes, sir. But yeah, man, uh, been a good episode. And by the way, what

Pull Up Friday

SPEAKER_02 56:25

up, Vincent?

SPEAKER_04 56:25

By the way. What up, Vincent? Oh, yeah, shout out to Vincent, our guy.

SPEAKER_02 56:29

We always shout out our people that hit us up. Um yeah, if y'all want to kick it with us, what, on Friday? Yeah, matter of fact, I just pulled up the Friday. Yeah, Friday at Chicken and Pickle on Grand Prairie from six to nine. We'll be having a little short-term rental, midterm rental meetup, food, networking, games, pickleball, all that good stuff, man. We hope to see y'all there. Um, yeah, and I just dropped the flyer on my Instagram. So follow, and it's on the Live Let Thrive Instagram as well. Follow us, all that good stuff on Instagram, TikTok, all that. And uh yeah, we'll see y'all there.

SPEAKER_04 56:59

So, real quick, how is that gonna work? Are we gonna get our own? I mean, of course, we're gonna have, I guess, get a big table.

SPEAKER_02 57:05

And some that's a Mikey B question. I don't know.

SPEAKER_04 57:09

How's my show up? I want to play some pickleball. I'll play some pickleball.

SPEAKER_02 57:15

I I'm I ain't never played it before.

SPEAKER_04 57:17

It's I heard it's a good workout, though. It's like a cross between tennis and ping pong. That's what it is. So, I mean, it's not as much, it's not as much running as tennis, you know what I'm saying? But it's you still get a good workout. You still get a good workout.

SPEAKER_02 57:31

I know. I hear so many good things about it, bro. I need to check it out.

SPEAKER_04 57:33

You gotta try it out. Chicken and pickle, y'all. Come on. Come down and say hi to us.

SPEAKER_02 57:37

Heck yeah, come kick it with us, man.

SPEAKER_04 57:40

So, all right, man. Good episode, great episode, and um, thank y'all for listening. Where can they find us again?

SPEAKER_02 57:46

Find us Instagram, TikTok, send uh send us an email, livelethrive at gmail.com, and uh thank y'all for listening. We are out. Peace later.

SPEAKER_00 57:57

Thank you for tuning in to this week's episode of Live Let Thrive. Be sure to tune in next week for all the latest in the world of Airbnb and all that entails. Bye-bye.