Steve: 0:12

Hello, hello, hello.

Myka: 0:15

And welcome back. To another exciting episode.

Steve: 0:20

Nice pause there, yeah, at the edge of our seat of Liv.

Myka: 0:25

Let! Thrive.

Steve: 0:29

Thrive! What's up, Myka, the man?

Myka: 0:31

I'm good! We ain't done a Friday night episode in a while, and man, we hadn't recorded it this week, so we had to hop on, and uh... we got a bunch of stuff to talk about, so it's gonna be fun.

Steve: 0:41

Cheers, mate. Cheers, mate. Salud. Get a little drink and drink. Top.

Myka: 0:45

Here. Salut! Yeah, I got to, yeah, you know.

Steve: 0:46

Top it off with a little something something.

Myka: 0:51

Got to. Long week, my brother, long week.

Steve: 0:53

Yo, jeez, every week is a long week nowadays. Ah, this is episode 352. of your favorite. Now, now bear with us. Sometimes we get the numbering off, but, you know, this is a new episode. This is the latest episode. Let's just call it 352 for now. And then, uh, of your latest, of your favorite short-term, long-term, mid-term, pass-split podcast in the world, coming at you from Fort Worth. and Arlington, Texas.

Myka: 1:20

Let's go, man. Let's go.

Steve: 1:22

I want to talk to you about something that's very important to you.

Myka: 1:25

Okay.

Steve: 1:26

Branding.

Myka: 1:27

Okay.

Steve: 1:28

Now, I don't know... I don't know if you... I mean, there's some powerful brands out there. There's always been, right? But there's a brand that's just been a force of nature lately, and we can learn a lot from this branding. It's a certain fella named Dijon Love. Dijon Love.

Myka: 1:47

Friday night episode coming at y'all.

Steve: 1:53

Now, you've been living under a rock, kind of like I have, because I don't get on the socials too much, and when I brought this up to Myka yesterday, which is... it's already been out for probably a week or so, I don't know, it's been out for a little while, because there's so much good material out there.

Myka: 2:08

That's it.

Steve: 2:09

There's a guy named Dajon Love, and I'm sure y'all probably heard about him, but I just, you know, I just, I suddenly got on IG one yesterday, and I was just, you know, and IG pulls you in, so I start scrolling and scroll, what's this, what's going on here? And it talks about this guy, Dajon L. who pretended to be a San Francisco 49ers wide receiver. And he duped these chicks out of, like, 1.3 or 1.8 million. It keeps going up. He duped him these last, like, 3 or 4 years out of all this money, right? And just pretending to be this big shot wide receiver in the NFL. But his branding was on point, because he was always in his gear, right? He carried around a 49ers football helmet, which to us dudes would be a red flag, you know? But some people will believe it. And he's making. Yeah. And he's making all these, these videos of him running on the sand with his helmet on. He's he's making all this, you know, hype videos and showing him at the Super Bowl and all this crazy stuff.

Myka: 3:10

Target audience, man.

Steve: 3:10

that you could easily make online nowadays using a little bit of AI. And he just put it all over his feed. His branding was so on point that he fooled AI and he fooled Google. Ain't that some stuff?

Myka: 3:24

Hey.

Steve: 3:25

I mean.

Myka: 3:25

Shout out to that brother, man. That guy, that guy pimped the dating game.

Steve: 3:32

I mean, I feel sorry for the girls that... kind of feel sorry for the girls, but I mean...

Myka: 3:37

Well, hey, check it out! What type of girls was he targeting, right?

Steve: 3:41

That's a good question.

Myka: 3:43

That's the question.

Steve: 3:45

Now... I have. I have been on, you know, going on the YouTubes and stuff and seeing them all roasting this guy and all, you know, making fun. And a lot of the NFLers are like, man, he goes, the girls that went after us would have known he's not an NFL player because they know.

Myka: 4:00

Yeah.

Steve: 4:01

they know how much we're making, they know what team, they know more about us than we do. You know, those... the top tier, you know, he... but he might not have been going after the top tier. He might have been going at the middle to low tier, you know, and they'd be like, whoa, football player, you know?

Myka: 4:16

Yeah. It worked! It worked! Man, know your target avatar. See how we lead this all back in? Gotta know your target avatar. Once you know your target avatar, you go after it in full force. That helmet has power.

Steve: 4:34

The helmet holds powers, they said. I was dying, dude, I went down this wormhole, I mean, yesterday and today, just reading all the comments, it was just... I was dying, dude. He was going to, like, the... to the dentist's office, holding his helmet and stuff, and the dentist taking pictures with him, oh, we're gonna support you, Dijon Love, we're gonna... We'll be watching you this season.

Myka: 4:55

Ultimate scam artist. I got to give it to him. Ultimate scam artist. Oh, man.

Steve: 5:03

But, but it's branding. I mean, why do we think, you know, Tylenol is the best or, or whatever, Gatorade's the best or, you know, all these things, you know, and you can. All the generics probably the same and all the knockoff Gatorades probably do the same thing. But we, we just trust that branding because, oh, we see these athletes, you know, in the commercials and we like.

Myka: 5:21

Yeah, yeah, yeah.

Steve: 5:21

that's the one, that's the one I need to take, and I'll be like LeBron James, right? And I need to wear Air Jordans, and I can fly like LeBron, and it's just, um...

Myka: 5:33

Exactly.

Steve: 5:33

It is a powerful thing when used for good or evil.

Myka: 5:38

Yeah, it can be used for good or evil. You got to know what you're doing out here, man. But that was crazy. That was a funny little story, man. And yeah, the...

Steve: 5:48

Thank you.

Myka: 5:48

The branding was on point. I ain't gonna lie. I looked at it, I was like, dang, he hit with that, man. He definitely hit with that.

Steve: 5:55

Oh, jeez.

Myka: 5:57

Oh, man.

Steve: 5:57

And the little Asian dude was a money man. So you got to have a money man in your team.

Myka: 6:02

Hey, you... Brandon, he had the whole business down. Heck yeah, man. That was good. That was some good stuff.

Steve: 6:11

So, yeah, go down that wormhole if you haven't been already. It's just, it's the most funniest thing. I mean, it's sad, you know, of course, people got scammed, but it's... I told my buddy, I told him, he's the Black Robin Hood, man. He's like, what do you mean? He stole from the hoes and gave to the players.

Myka: 6:29

Okay.

Steve: 6:30

Him and his little buddy. It is a Friday night episode, by the way, if y'all haven't figured it out already. Having a little fun today. But we are going to talk some real estate. We are going to talk about all the fun stuff you want to hear about.

Myka: 6:46

Oh, man! Yes. Yeah, that's right.

Steve: 6:47

Uh, anything you want to talk about right off the gate, right off the bat?

Myka: 6:50

Man, speaking of real estate, man, the Feds hiked the rates. Uh, stuff's gonna be sitting a little longer, bro, from what I'm seeing. It's already sitting a long time, I'm working with clients, and... we got clients going after stuff that's been sitting a minute, and like, yeah, some people are budging, some people aren't. Um, but I'm learning the concession game right now, in real estate. Right now, people don't want to take. numbers off their sticker price, but they'll be like, hey, they'll have listed the house at, like, 360. And they'll be like. If you offer them three... 45, they'll say no and won't counter, but if you're out from 350 and then tell them, hey, give me 12K in concessions, they'll say yes, and I'm like.

Steve: 7:34

The same thing.

Myka: 7:38

Okay. Yeah, yeah, I'm like, alright, it's crazy, it's been crazy, so... yeah, I'm dealing with that, I'm learning the ins and outs of that, and uh... yeah, man, it's just interesting to see how this Fed... Fed... rate... rate hiking's gonna do. I don't know what else you can do if the real estate market's really slow, so... I don't know.

Steve: 7:55

One thing I've always done when buying a house, and I'm sure you've come across this, is like, let's say someone's selling a house for 350, right? 350,000. And it's. It might be, yeah, comparables, it might be worth 350, but they're having a hard time selling it for whatever reason. It goes down to like 320. Right. And so I go in there, I say, all right, you know, let's. Or I negotiated it down to 320 and like, okay, let's. We agreed on a price. Let's. I'm gonna buy it from you. Let's close on this thing. But here's what we're gonna do. I'm gonna pay you $350. And you're gonna give me $30,000 back at closing. And I've always... I've always done... it's the same thing, I'm still paying $320,000 for it, but I'm paying... I'm putting that... that $30,000 extra grand inside the loan.

Myka: 8:38

Yeah.

Steve: 8:39

And then I'm getting that money back at closing, so my closing costs will be, you know, half of whatever it was gonna be.

Myka: 8:45

Ooh, I like that. I like that.

Steve: 8:48

So... so I've always done that, you know, I think our buddy, uh, Ken from back in the day, he taught me that trick.

Myka: 8:53

That's a good one. I'm gonna start using that one.

Steve: 8:56

So, um, especially when you're... especially when you're buying it for, uh, like, to live in, right? you're buying it as your primary, you're gonna, you know, when I was house hacking, I mean, I'd be getting into the houses almost zero because that money back would pay, would cover the, the move in fee. And as long as the agent of the, of the seller explains it well to them, he goes.

Myka: 9:14

Mmhm. Yeah. Yeah.

Steve: 9:15

no, no, you're not actually giving him, you know, $30,000 back, you're... he's, you know, you're still getting the same amount, you're just returning that to him on the closing, you know what I'm.

Myka: 9:24

I'm gonna have to do that with some of my clients. I like that.

Steve: 9:27

Yeah, yeah. So I've been doing that. Um, and then here's another thing that I've, I've learned recently, and it is that you can put a. The seller can put, like, a second lien. Like, on the down payment. So, for example, let's say I'm gonna buy a house, uh, $300,000, so let's say that the down payment's $60,000.

Myka: 9:49

Okay.

Steve: 9:50

he could finance that 60 grand to me, so... so if I get a DSCR loan, you know, business type loan, I'm buying it, and um... and I have to put 60 grand down, I'mma get that money back at the closing table, but I'mma owe that guy...

Myka: 10:02

Okay.

Steve: 10:02

That 60 grand with payments, you know what I'm saying? So that way, I won't be out of a whole chunk of money. buying a house. I'll still be... it'll almost be, like, zero down, kind of close to zero down, but then I'm financing out that... that, uh, 60 grand.

Myka: 10:17

Yeah. You're doing wealth without cash. I like it.

Steve: 10:19

Yeah, so...

Myka: 10:21

Yeah. Now, now, okay, on a deal like that, when you're running it like that. And you're... because you're basically putting... well, you're putting two liens. How's the cash flow looking on deals like that nowadays?

Steve: 10:31

And that's, that's the thing. You got to make sure your numbers work still. If you're going to, you know, you don't want to put a, get a $3,000 down payment on a house, you know, you could probably only make 2,500 bucks on unless, unless you're trying to just do the equity play. You know, it's a good neighborhood. It's going to go up and.

Myka: 10:46

Okay. Yeah. Okay.

Steve: 10:47

But if you're trying to make cash flow, then you don't want to. Yeah, you don't want to over leverage yourself like that. Right now, if you're getting the house at a good, a good price, you know, you're getting out. Whereas. And you can also take on that, that loan. Now, that loan now, um.

Myka: 11:02

Woo!

Steve: 11:02

as our, as our friend Zeona says, you know, she's negotiated that, those kind of loans, those second loans, at 0% interest. With, with, with the sellers, you know, they'll give you that money back and you're just paying it back over time. 0%. All, everything's negotiable, right? They don't have to set, set it at the, at whatever the fed rate is at three, at 7.5. They don't have to, to rent, to do it, to give it to you at that price. Now, if they're just trying, they.

Myka: 11:28

Sure.

Steve: 11:28

They really want, okay, they're gonna sell it to you, they're gonna get their big chunk of money, and then the rest is gonna come to them in payments. It could come to, you could pay it off, that loan, in 5 years, 10 years, 30 years, whatever you want. Like I said, it's all negotiable, that.

Myka: 11:41

Yeah.

Steve: 11:42

But the point is to try to get into houses with zero down.

Myka: 11:46

Okay, now my next question, you just made a good point. You said, unless it's an equity play. Right now, with everything sitting and prices just steadily dropping, do you think it's a good time in Texas? I'm gonna only refer to Texas because other places, y'all still getting equity and y'all getting cash flow. Are you seeing it as a good time to, like, depend upon equity play right now? And appreciation.

Steve: 12:10

I mean, if you're well enough off and, you know, you could lose a grand a month and don't even blink on it, but you know, eventually the house prices are gonna go up, right?

Myka: 12:22

Okay. Yeah, yeah, because.

Steve: 12:23

We're still gonna be printing money. We're still gonna be... our money's gonna be turning to crap more and more every year. You know, it's... it's just... it's just inevitable that the house prices are gonna go up.

Myka: 12:32

Yeah. Yeah, I'm gonna be real right now. It's like you're almost staying playing the stock market with housing right now because like. I have a friend right now that have a property down in Houston. He said, man, I'm losing 5,000 a year on it. And everything's kind of going down. So I'm like, I told him, look, you can sell it now, take your loss, go and put it somewhere because he wants to move his money back to Cali, which makes sense because he wants to do the ADU play now over there. Or you could, you know, steadily take the hit now, and then, like. Wait till it goes back up, because nobody can time the market. So it's always one of those decisions right now, with everything just sitting there, like stuff just losing value. I see people dropping like 20k cuts, 30k, 15k. I'm like, dang. So that's what I want to know. Like, okay, do you think equity play? It's a good play right now, but it's like you said, you gotta kinda... it's a risk. It's all a risk.

Steve: 13:21

Mmhm.

Myka: 13:21

So.

Steve: 13:22

Yeah.

Myka: 13:23

And right now, what I'm actually working on right now is I'm, um... Getting ready to try to build on a vacant lot lot I have. I'm like, I got a vacant lot, I'm gonna see if I can put a duplex on it, one of those 3-bed, 2-bath duplexes, see if I can get one of those again, because I'm like, man. The lumber prices are going crazy right now. I'm like, dang, bro. So I'm working.

Steve: 13:46

The Canadian lumber.

Myka: 13:50

Yeah, the Canadian lumber, bro, that's, like, it's hitting us hard right now. You know, those tariffs on the... on Canada, man, it's like, dang, bro. So it's like... I don't know what the administration's doing, but it's like, they, like, everything they're doing, the Towson market's just tanking, but...

Steve: 14:03

Yeah, it's... Yeah, it's messed up. We could do a whole episode on that crap, but we'll keep it unpolitical.

Myka: 14:11

Yeah. But, yeah, yeah, yeah, we'll keep it real estate-based, yeah, yeah, yeah, yeah. We'll keep it real estate-based, but it's like, dang, okay, they tanking the... I mean, but it's gonna go back up, but it'.

Steve: 14:17

So. So you said you want to build something on that. On that lot.

Myka: 14:21

Yeah, yeah.

Steve: 14:22

Now, how does that work with financing when you build something from scratch?

Myka: 14:26

So, basically, I'm gonna try to use the land as the down payment, like, however much the land is, I'll use that as a portion of the down payment, and then if I have to come out of pocket, anything I will, I can use, like, my HELOC or something to come out of pocket on it. That's just on the construction loan, right? So you put a down payment down on the construction. After they build it, you refinance it all back into one loan and your hands are up. You know what I'm saying? You just... then you go furnish it, do whatever you want to do with it. You have the... the advantage is, right now, on vacant land. If you own the land outright, then you can make a deal. You know, so we own the land outright. We got a few lots. I'm like, man... I was talking to my dad. I look up, I'm like, dude, we might as well just build on these things, man. But one of the lots, man, they went and... AT&T went and put, like, one of those poles on them. only thing about this one lot, it's like... it's definitely an up-and-coming area, because AT&T put one of those things, one of those flock things, so, like, it detects gunshots. So, and they, they like plopped it on the edge of the, of the property, which we could still build on it. 'cause it's not like in the middle of the property. But my dad was like, man, do they pay you for that? I'm like, they pay us for it. I'm like, not if it's a easement, you know?'cause I've been, that's one thing I have to do. I. And then see what we could do, because it might be an easement on there, because I'm like, it's got to be something, because they just plopped their little gunshot hearing thing on the live, like, but at the same time, though, like, it's up and coming, like, the little crack houses that were across the street, they tore them down, then somebody built, like, one of those. what is it, the store, what are the... with the box carts off the trains, one of those types of houses, the, uh...

Steve: 16:05

Oh, yeah, yeah, Container House.

Myka: 16:06

Yeah! Somebody built one of those two-story container houses across the street, which is brand new, and then somebody built a brand new brick one. So I was like, man, we might as well start building over here. There's, like, two brand new houses over here. Somebody tore down the one across the street. Hopefully they'll move the little gunshot thing, and we can, you know, make.

Steve: 16:21

Oh.

Myka: 16:21

I don't know if... yeah, that's the only thing, I'm like, dang, I don't know if I can do, like, a short-term over here. Somebody rolled through, like, oh. But they're gentrifying the area, so I'm like, you know, trying to see what we can do. But yeah, that's my next goal, is to build this duplex from the ground up.

Steve: 16:39

That's cool, man. Yeah, you have a brand new place now. You won't be there to supervise the build at all. That's the only thing. But you have family up there, right?

Myka: 16:50

Um... I'm sorry. Yeah, yeah, yeah, my sister's there, my brother's there, my dad's there, mom's there.

Steve: 16:54

I heard crazy stories from when they build them ground up. Like, these. These dudes would be. The workers would be there, you know, chugging beers and throwing them inside the. Inside the house, then just building the wall right up over.

Myka: 17:08

Oh, man. Man, that's horrible. Yeah, I'm definitely... we definitely gonna be... watching them carefully on that, definitely. But yeah, we're going with the guy who built my other duplex.

Steve: 17:15

Thank you.

Myka: 17:15

Yeah, the guy who built my other duplex, we're going to try to see if we can use him again, but just kind of containerize the build, make them build them a little bit different, make sure the lawn's there, the backyard's there, they put a back door in, and we can make this a really good one. So I'm going to kind of build it like my — because my sister bought one around the corner from me. But it has a one car garage and then it has a bigger backyard. So we're going to try to see if we can get that one.

Steve: 17:39

You know what? So, like, a friend of the family's single mom, single mom, and she's, you know, Wisconsin was.

Myka: 17:48

Uh-huh.

Steve: 17:48

I won't tell the whole backstory, but she wanted thinking about getting a house. And I said, you know, we could help you as much as we can. As far as I, you know, I'm, you know, she worried about her credit. You know, there's off market, there's, there's seller finance. So I was explaining to her a little bit of what that is and how much can you afford anyways.

Myka: 18:04

Yeah.

Steve: 18:04

Um, she started talking about, well, I think we're just gonna get an apartment, this and that. Anyway, whatever. That's, that's, that's the story. I, I, I went back. It made me want to go back and listen to, um, you know, the Detroit investor, the, the, the lady that was investing in Detroit. She came on Bigger Pockets. Um, I forgot her name.

Myka: 18:22

Yeah, I know what you're talking about. She came on our cast, didn't she?

Steve: 18:23

We tried to get her, but then she was getting bombarded at that point. Yeah, she was getting bombarded. We. We should, because now she's a multimillionaire. But anyways, uh, but she started back then. She was single mom, bartender or waitress, making 20 grand a year. But she was buying those Detroit houses for, like, six or seven grand. Right.

Myka: 18:41

I felt it. Oh yeah, we need to hit her up, get her back. Yeah, get her on. Yeah, yeah.

Steve: 18:42

she would just save up enough, or she'd get her tax return, and she'd buy a house, you know, and then fix it up, and then a little bit, and then, um, and then move to the next one. She's kind of house hacking at the same time, turning them into rentals. And, um... But she was saying something like she did. It's cool going back to those old episodes, right? This is 2019, so. Yeah.

Myka: 19:02

Oh! That ain't bro. We've been doing this a long time.

Steve: 19:03

Yeah, their houses are worth a lot more now. But, uh, but she was saying that, um. that... that... they had a thing in Detroit back then, because they were just trying to sell these houses, you know, just trying to sell them, just to get people to pay these taxes, right?

Myka: 19:16

Mm-hmm.

Steve: 19:16

And she said, I mean, they had a program, like, if you bought a house. The city would come to you, you know, they knew you were an investor, you know, gonna fix it up and do whatever. They would come to you and say, hey, do you want that house next door for 500 bucks? So she'd be like, yeah, yeah, I'll take that. I'll take it. It would just, you know, they would like, well, might as well sell this investor this house that ain't doing nothing with. Right. And just 500 bucks to take. Take this one too, since you're already fixing this one.

Myka: 19:45

Yeah.

Steve: 19:47

You know, and in the city's mind, oh, she's probably fixing up the street, the block. Right. So that's, that's a way to incentive, you know, people to. Getting renters in there, making money, and then getting taxes paid to the city, because otherwise, they're just... these houses are falling.

Myka: 19:59

Dude, I'm gonna be real with you. That story right there is the story of, and remember she was investing in Detroit when everybody was saying, don't invest in Detroit. I'm talking all the bigger pockets. People were like, don't invest in Detroit. She was buying up all them houses, man.

Steve: 20:15

Yep.

Myka: 20:15

That shows to tell you, don't listen to — no, no, no. That goes back to the motto we used to say — I think Warren Buffett used to say, when people are scared, get greedy.

Steve: 20:25

Yeah, yeah.

Myka: 20:27

And that's what she did. Everybody was scared. She was buying blocks up there, just buying them. And look what it paid off, man. Like you, you, yeah, and she knew Detroit too, though. That's the biggest thing. She knew every block of Detroit. So yeah, shout out to her, man. I forgot her name, but shout out to her because that, that.

Steve: 20:40

Yeah. Okay.

Myka: 20:42

Like, and people... don't ever listen to people. If you know something, man, go after it, you know? Um, but yeah, that is definitely a... that was a... that was a good idea, because it was the land bank. the land bank up there was giving houses away for, like, $1,000. People just take the land and go, you know, put a house up there, fix it up. So, yeah, man, that...

Steve: 20:59

Yeah, I think so. Yeah, she said she says she bought in every zip code. She wasn't afraid to buy in any zip code.

Myka: 21:04

Yeah. Okay.

Steve: 21:05

She bought. Yeah. So I thought, yeah.

Myka: 21:07

Because you got to know the area.

Steve: 21:07

Exactly.

Myka: 21:08

Because I'm gonna be real, when I went up to Detroit in 2021? 2022. I went to Detroit in 2022, man, and I was like, dang, it's abandoned as hell up here, so you definitely gotta know what you're doing. Because, like, after 8 o'clock in Detroit, man, it's shut down. It's like. You know, you don't want to just be out there and you don't know nobody.

Steve: 21:26

You said there was no food after dark, right?

Myka: 21:28

Yeah. Yeah, man! They was like, oh, man, you gotta go get a, uh... whatever they call them. The hot dogs up there, I forgot what they call them, man. You gotta go... Get you a Coney. Yeah, go to Coney Island. Like, man.

Steve: 21:41

At...

Myka: 21:43

Yeah, but other than that though, yeah, if you know your way around, you're good.

Steve: 21:45

Ashley Hamilton, the Detroit investor. Yeah.

Myka: 21:48

There you go. Shout out to her, we gotta get her on, man, we gotta get her on.

Steve: 21:50

So that's the thing. She was a single mom. I think she had two kids doing it on her own, waitressing 20 grand a year, and she still found a way. So I hate it when people come up. Oh, it's impossible. We can't do it. She found a way, man. It's just if you're. If you're hungry. Oh, she. Oh, she said what really switched her was she went to.

Myka: 22:05

Yeah, she did.

Steve: 22:06

A rich dad, poor dad conference. She went to one of those, and that's when she really, really started. She goes, the next. The next income. Income tax check. I'm gonna. I'm gonna buy my first house. And that's what she did. She bought it, moved into it, fixed it up slowly while she was there, and then moved to the next one.

Myka: 22:21

Oh, yeah. For real.

Steve: 22:23

So, using all the skills, because that's the most powerful thing, is house hacking. That's the most powerful way to... I tell every youngster I see, dude, if you could just buy cookie cutters the first 4 or 5 houses.

Myka: 22:33

Code, it is. It is.

Steve: 22:34

you're set. After that, you're set, you know? Those ones are paying themselves, you're making a little bit of cash flow, then you can start saving money and start buying them out, you know?

Myka: 22:41

I'm gonna be real, man, if... If I... any youngster, I would tell them straight up, get... buy a bunch of quads, because it goes under single-family financing. The two-bed, one-bath quads, buy them, live in one, rent out the other three, live for free, or live at a very minimal cost.

Steve: 22:57

Mmhm. Yep.

Myka: 22:58

Do that for the first five years. You had 20 units. Bro, five years? Bro, you set the rest of your life. You go, then you go buy your primary home? Man, these interest rates won't be affecting you, dude. Like, people don't be listening, man. I be telling them, you could go buy a quad, live in one for a year, go to the next one, live in one for a year, go to the next one. For five years, just give up everything for five years, bro. Year six, go buy you a house to live in, man. Your feet kicked up, bro. You... You've got 20 doors, Trovik! Yeah, man, it's the way that, you know, it's the way you think about it. But yeah, house hacking, I will... that is the most powerful real estate play. It really is, man. It is the most powerful real estate play.

Steve: 23:44

Jeez. Now, are there any quads around us?

Myka: 23:46

I... yeah, there's a bunch in Arlington. Over there off, uh, like, right behind, um... where I go to the gym, I go to Crunch over here on...

Steve: 23:53

Okay.

Myka: 23:53

Cooper and Sublet...

Steve: 23:55

Uh-huh.

Myka: 23:56

Yeah, Cooper and Sublett, like, behind there, there's a bunch of quads. Everything on that street's.

Steve: 24:01

Oh, wow.

Myka: 24:01

But the thing about Texas is, man, they sell them individually. I hate that, man.

Steve: 24:05

Oh, so, like, one part of it instead of the whole thing?

Myka: 24:09

Yeah. Yeah, man. Like, even the duplexes, they split them up. That's what I'm like. It don't make sense to me. I don't understand why they do that, but I mean, go ahead.

Steve: 24:16

That's... That's the Dallas one that Mike Brown sent us, right? That was only half that they were selling, that $450K. Or was that for both sides? Because those...

Myka: 24:23

I'm not sure.

Steve: 24:24

I think it was.

Myka: 24:25

See, the... I'm gonna be real, the only way to get a real good duplex here, for me, from what I see, is get it new build. But right now, the prices are crazy. But if you can get a new build one, because you have both sides, and you... one mortgage. Yeah, you know what I'm saying? I think that's the best way to do it. Because, yeah, I don't know why Texas splits duplexes. That makes no sense to me. That has never made sense to me, bro.

Steve: 24:46

Two sides, two different owners. It's nuts, man.

Myka: 24:49

Yeah, it is. It is. Um, now I had a question about some of your owner finance deals. Like your, like when you do, do you, how long do you give them till you make a balloon payment? Like, like a refinance or you say 30 years fully or, and then I can refinance anytime. How do you usually negotiate that?

Steve: 25:05

I try to do 30 every time. I try to do 30 every time. And, um... I'll... and I'll... on my little... my little offer sheet, you know, I don't get too crazy with my offer sheet, right? I just say, hey, you know...

Myka: 25:17

Okay. Yeah, yeah.

Steve: 25:18

Uh, full price, you know, pay full price, you know, that, that hits them first, you know, buying your house for the price you're asking. And then, uh, interest rate, you know, I try to put around 6%, leave my, leave myself some room to negotiate, right? But I don't want to insult them, say 3%, but I'll say, you know, you can get that, put some, buy some bonds.

Myka: 25:35

Okay. Yeah.

Steve: 25:37

Until those crash. We're on our way and and. So, yeah, I put, like, just simple 6%. And then I put, um, term. I always put 30 years.

Myka: 25:49

No.

Steve: 25:50

And then underneath that, or I say, you know, no prepay penalty, I can pay it. So that kind of like sells them. Oh, this guy to me, you know, this guy is looking to pay it off sooner than 30 years. So kind of like.

Myka: 26:04

There you go. Yeah.

Steve: 26:05

It's a, you know, Jedi mind trick. Hey, would I be able to pay this off next year without a penalty? You know, just, just saying, oh, yeah, yeah, you can. Yeah, sure. And then, yeah, just put the simple, the simple terms like that. Right. And I always put at the bottom, you know, selling your house to me. Owner financing. You will make. you know, $380,000 in interest. You know, I always put, like, a big number to show them, hey, by doing it this way, you're gonna make double the price than just selling it outright, you know?

Myka: 26:37

Okay.

Steve: 26:37

Because you're financing it to me over 30 years. I know it's 30 years. But anyways, I just put it like that, make it a little enticing. Now, I have... there's one house, there's only one house that I have, it's in, um...

Myka: 26:48

Yeah, yeah, yeah.

Steve: 26:48

Uh, a balloon, and it's a 7-year balloon. And I negotiated that, because he wanted to do, like, uh.

Myka: 26:54

Okay.

Steve: 26:54

4 or 5 years, and I asked, well, can you do at least 10? And we met in the middle at 7. So that gives me enough time, the house, to build equity and all that stuff, so I can, um, you know, cash out, refinance, whenever, in 7 years from now. And he's a cool dude, he said, you know, when it comes to that point, and we... and we need to work something out, we'll work something out. I'm not gonna force you to sell it right away, or force you to refinance it, if the, you know, environment... if the environment's not good for refinancing at that moment. So, yeah, I do have that one. That has the seven years. I did have a condo that had a five year balloon, but I ended up selling it after two years, I think. Yeah, I sold it after before the balloon popped. So I sold it and made a little bit of money on that one. But yeah, I try to stay away from the balloons or I try to extend them out as far as I can.

Myka: 27:42

Okay. Okay, I like that. Now, this is one thing I do have about balloons, because you said some of them you will sell it. Do you negotiate, like, hey. Like, hey, if the interest rates are still sky high, then I can either extend or could you negotiate that right then and there? That's nice. Okay.

Steve: 28:00

I did that before. Yeah, I did that before. And that, that was, it's funny because that was that little condo. That was my first taste of, of seller finance. I bought that little condo from a friend of a friend and in over there, channel 11 towers. Not, not the best area, but you know, I was getting, just getting started learning the ropes.

Myka: 28:16

Yeah. Yeah, yeah, yeah.

Steve: 28:17

And I told him, hey, man, I'm not sure how rates are going to be. Can we just say if rates go over 5% in the next few years, we can extend out the balloon, which 5% you pray for 5% nowadays. But back then we were coming off those two and 3%. So 5% seemed like a lot back then. Right.

Myka: 28:34

For real, man. I did.

Steve: 28:35

And so... so we said, yeah, yeah, we'll... we'll put that in the... in the... in the... what's it called? In the terms, whatever. And we put it in the terms. But like I said, I sold it before the five-year balloon anyways. Um, so I try to put that...

Myka: 28:48

Yeah.

Steve: 28:48

Yeah, if rates are 20% in seven years from now, then come on, man, we can't. Yeah, we can't refinance this thing. Hopefully it don't get like, get like that, but.

Myka: 28:59

Yah. That's good. Now, Anessa, another question for you. Me and my boy Herb were talking about this last night, because I was on a real estate call with them, and I was talking about, like, midterm rentals, short-term rentals. Hey, have you started noticing... are you starting to get a lot of midterm rental cancellations?

Steve: 29:15

There's been a couple. There's been a couple. There's been a couple.

Myka: 29:21

Okay. Have they gave you the reason why?

Steve: 29:25

Yeah, well, you know, you get a Karen in there, and they say, oh, this place is unsanitary, there's black mold, there's roach... they start saying all kinds of stuff, right, to a house that no one's ever, ever complained on before.

Myka: 29:38

Okay. Okay. Yes. Mmhm.

Steve: 29:40

You know, and then... so here's the dilemma with us, that you bring it up. Now, if this is coming from ALE, or CRS, or, you know, one of the big dogs we do a lot of business with.

Myka: 29:48

Yeah.

Steve: 29:49

Are we gonna like, no, we're holding you to the lease, blah, blah, blah. You're not gonna, you're not gonna leave, uh, or you're gonna pay us the full amount, whatever. Or we said, okay, we'll, we'll let them, we'll let them out of the lease. We'll keep the deposit, we'll let them out of the lease. We do, we want. That's the dilemma.

Myka: 30:08

Yeah, you want a good relationship, especially with something like ALE. I'm gonna be honest, the reason why I'm asking this is, first off, I think insurance will always be there, but I'm getting, like, we got a mid-term rental cancellation due to the contract not performing. The contract, like, the... The contract of work that they were gonna do, it got canceled, right?

Steve: 30:26

Oh...

Myka: 30:26

Seeing them now, my friend Herb.

Steve: 30:29

That ain't your fault.

Myka: 30:31

Yeah, it ain't my fault. No, well, no, no, no. Yeah, they canceled, and we still got paid out. But my question to that is, okay.

Steve: 30:36

Okay.

Myka: 30:36

If contracts are being canceled, is the economy being affected? Because I was talking to my boy Herb last night, he said the same thing, because he has units in Hawaii. And he does... he was like, man, I was getting these midterms, and he goes, man, they started canceling the reservations. He goes, some of them... some of them, they had to pay him the cancellation fee or whatever, and then the rest, some of them, it was outside of it, and they got... the people got refunded. So, I was just wondering, like, man, is that, like, a dip in the economy. We always talk about being recession-proof, right? What's the recession-proof guest? In my opinion, insurance clients are recession-proof, right? Because some... I mean, you don't want it to happen, God forbid, something's always gonna happen where someone may have a leak, they may just need housing due to that. But what's your backup, right? Because I'm like, dang, my backup's always been, like, construction. Uh... Uh, construction, after insurance, and then... I'm like, dang, well, who else is after that? Short-term people, but you don't want a lot of short-terms, because that's what comes with a headache, so I guess that mid-terminal backup is what I'm asking about, because we're. Arkansas, he's seeing it in Hawaii. I'm like, damn, those are two totally different markets. But, you know, it's something to think about, you know what I mean? That goes back into, like, making sure that long-term rental cash flow is there, because if it starts hitting. you know, I don't know if it'll hit here as hard, but, you know, stuff starts getting canceled, you know, 2008, them cranes stopped moving, broke, and they was like, oh, damn, you know? When them cranes stop moving, it gets bad. So I was just wondering if you were starting to see that as well.

Steve: 32:09

as far as job cancellations, I haven't really... um, but that's not been our number one. Our number one thing is, like you said, insurance claims, so... and for right now, like you said, those are probably never gonna... I would... I wouldn't say never say never, because, I mean, just look at how insurance has changed in the last few years. They don't even want to cover roofs anymore.

Myka: 32:28

Okay. Yeah, okay. Oh, no, bro.

Steve: 32:30

And that's like a $20,000, $30,000 expense.

Myka: 32:33

Oof. Yeah. Yeah. That insurance getting ugly.

Steve: 32:35

You know? So, are they gonna wanna cover someone to stay at another house for 30 grand, uh, for however long it takes to fix? Your house, are they going to want to do that in the future? I don't know.

Myka: 32:46

You know what? I didn't even think about that. You're right. It has to be.

Steve: 32:49

Or is there gonna be plans that are gonna be cheaper? that don't include that.

Myka: 32:54

Oh, don't even include the ALE, the additional living expense.

Steve: 32:58

Right. Because if people say, okay, we'll include it, but you're going to pay us, you know,$5,000 a year for insurance, or we could take that off and you'll pay us, you know, 4,000 or 3,000, you know, is it going to be something like that?

Myka: 33:11

Yeah.'Cause that's bad. Yeah, they do that. That's horrible, man. Yeah, because...

Steve: 33:19

Horrible for us? Yeah, everybody, really.

Myka: 33:20

For, for, for everybody. I mean, for the person is, you know, now you about to what, go spend money on a hotel.

Steve: 33:25

Or stay at Mama's house, or Grandma's house, or whoever's house is here.

Myka: 33:30

Yeah, grandma's house or something, you know, now we, now we pack it, shacking up as a family, so. You know, um, that's interesting though. And the, and the reason why, you know, it hit me 'cause I was like, dang, we're starting to get those cancellations 'cause my property's still vacant. I mean, we got paid out, you know, so I'm like, well, let me put a bigger discount on there. So even if we got somebody for a little bit cheaper than. we'll at least get, you know, we're compensated for it, right? We're still getting our, what, $5,000, however much? So I was just wondering if y'all were starting to see it, but um.

Steve: 33:58

Now, if you think, if you're looking at it like that, you know, to play defense in case something happens, right? Something makes sense. I think it was Josh Hartman, one of those podcasts I used to listen to, and he's the one that said, refi till you die.

Myka: 34:11

Yeah.

Steve: 34:12

So keep sucking all the marrow out of all these houses as much as you can, and if something... if the shit hits the fan... Here's the keys, Mr. Bank. I don't want... I don't need this house no more. I can't... I ain't making no money. Here you go, here's your house back, you know? You already sucked all the equity out of.

Myka: 34:28

Man. Yeah. I mean, that's how America works, man. People be doing that. Might mess you up in the short term, but I mean, yeah. Um, and then I had another... okay. I have another friend, though. She's doing a... I'm gonna try to get her on the cast. I gotta introduce you to her, man. I'm gonna get you to... you gotta come to one of my real estate meetups that I host.

Steve: 34:48

Okay.

Myka: 34:49

Um... She's doing PadSplits. But I talked about it before, she does big PadSplits. Like, she goes and she breaks up everything into a room. Formal dining room, living room, all of it. It's a room, so it's like 9 bedrooms. But she's doing it. She's charging $900 a month. But she's doing it in Frisco.

Steve: 35:08

Yeah, that's high.

Myka: 35:09

But she has some in Arlington, too. I was like, dang, you turned them into, like, 9 bedrooms? But I did the numbers. If you do 900 times 9, that's a pretty penny, you know what I'm saying? But, you know, I was like, damn, man, so I don't know, like, but. But and also another thing is. Like you were saying, you're backing up on PadSplit a little bit. Oh, by the way, we need to talk about what you sent to the group about pass split. Um, you were backing up on pass split a little bit, because, yeah, people are coming after it, but I'm like, dang, that's like going... because at first, I'm thinking, like, man, if you're doing nine bedrooms, you're about to make the block hot. Everybody. I started thinking about it, I'm like, hold on, you're doing it in Frisco? Okay, I know who you're targeting doing that. I was like, okay, I know what you're doing. So I was like, I gotta talk to you, so I'm gonna hit her up, we're gonna talk.

Steve: 35:57

This is a kitchen free pass, but no cooking at all is allowed in this kitchen.

Myka: 36:04

Um, I was like... I was like, I think I know what you're doing, I think she's targeting, like, the H1, you know, the students coming over here from India, whatever. I'm like, okay, yeah, ain't nobody gonna call the police or whatever, but... yeah, that's what I was thinking, so... PadSplit...

Steve: 36:15

Yeah, yeah.

Myka: 36:15

Talk about that article you posted, because you had a good point about... you were holding up on pass splits, and you were like, well, hold on, let me... let me consider going into pass splits more.

Steve: 36:24

Now, now, and I, and. I don't know why I didn't think of it before because, because you, you mentioned it, that lady, the Karen going on there, change.org saying you're putting multifamily homes into single family residences or, you know, cities.

Myka: 36:42

Yeah.

Steve: 36:42

And, um... And so I got to thinking about that the other day. I was like, you know what? And it was BiggerPockets talking about, you know, maybe you should invest in multifamily, and I was like, dude, if I just put PadSplits in multifamily, it's already multifamily! So the chances of someone on that block coming after us, I mean, it would be a lot less. And it's already multifamily.

Myka: 37:05

Nope. Nope. Yeah.

Steve: 37:06

And so I thought that would be a safer bet. Now, not just because I can.

Myka: 37:12

Yeah.

Steve: 37:12

Turn a two bedroom, two bath into a four bedroom on each side. Four bath or what? Two bedroom on each side into like four or five bedrooms on each side. You know what I'm saying? Just depending on the layout. Not just because of that, but because let's say they.

Myka: 37:27

Yeah.

Steve: 37:27

for some reason, they just... the city just wants PassPlate gone, right? And that could happen. I mean, same thing with Airbnb. You can sue them, but then they got in those pockets that they'll fight that, whatever.

Myka: 37:37

Yeah.

Steve: 37:37

But let's just say they want it gone, even in... even in multifamily areas. Well, at least I still have a multifamily, right? That I could... that I still have 2 units that I could rent out regular.

Myka: 37:47

Yeah. I'm you.

Steve: 37:49

Whereas turning a 9-bedroom house back into a 3-bedroom house and trying to get that cash flow, and you spent all that money to make it that, you know, that's a tough one.

Myka: 37:56

Yeah, it is. Um, but if you, like, let's say you get a quad. Most quads are probably gonna be 2-1 each side. If you could turn those two ones into three ones, that's 12 rooms. Ooh, bathroom count's gonna be a little low, but... I mean, hey, if there...

Steve: 38:13

Yeah, you can do four to one bathrooms. You can push it to four to one. Three to one's optimal, but four to one's pushing it, but you can get by.

Myka: 38:21

You can. So you'd be, like, 12 to 4. 12 people paying you $600 a month. Man, that ain't bad for one. If you're able to get the full quad, you know what I mean? That ain't bad. I mean, I think that's a good idea. In quad, yeah, you're already in the multifam.

Steve: 38:35

Yes.

Myka: 38:35

zoning, RMF, whatever it is, use the RMF12, whatever, you're already in that zoning, so they can't really pick at it, because that's what they're going... like, these people that are after PadSplits, they're going.

Steve: 38:46

Single family homes, yeah.

Myka: 38:48

which, yeah, they're going after the zoning. And then that's legally, that's legally enforceable, you know what I mean. So I was like, dang, if she's going after the zoning, she knew how to word it. I'm like, damn, she's wording it right. Like, if you really want to, if you want to bring heat, she's wording. It's going to be interesting to see. But yeah, I think that I like that single, that multifamily plan. I'm not a fan of pass split, but I was listening to the BiggerPockets podcast, and he made a really good point about it. He goes... The reason why he likes small multi-families, he goes, at the end of the day, if a tenant has to move out. I'm not stuck with one tenant. He goes, single family homes are great, but there's one big caveat we don't think about. It's a single point of failure.

Steve: 39:31

Mmhm.

Myka: 39:32

And I was like, mmm! And I'm like, PadSplits, if you're doing 6 bedrooms. In one, that's six points of failure. If somebody you you always have income coming in. And I was like, okay, I I do like that point that I do like that point. I I don't know if I would do it, but I like that ideology of it. Like, you know what I'm saying? The that makes the numbers make sense. You know what I mean?

Steve: 39:54

And especially if you have to go through an eviction process. Whereas if a family has your house under eviction, it could be if they know what they're doing, they could drag. Even in Texas, they could drag it out three, six months easy. Right. And you're making zero on that house. Right. In that time, in that time. And whereas a pass split, if one person in there is a bad egg and tries to, doesn't want to leave the eviction process, you're still making five incomes off that house.

Myka: 40:17

Yes. Yeah, thank you. You got to. Yeah. You have a safe. You have a safety net. It's a safety net, and you can't beat that, you know?

Steve: 40:26

Right.

Myka: 40:27

And I mean, that's what I love about like, like my duplex, you know, I have one, it's rented to one tenant, but it's like a tenant that's, you know, the, uh, it's a multi, uh, midterm tenant, but you know, if one family moves out, one family covers dang near. the whole mortgage, even on long-term, you know what I mean? So I'm not coming out of pocket a huge amount.

Steve: 40:47

Yeah. Okay.

Myka: 40:49

Yeah, man. There's benefits of small multifamily for sure.

Steve: 40:52

Investment is risk, right?

Myka: 40:54

It is. You gotta know your risk.

Steve: 40:56

It ain't investing if there's no risk at all, right?

Myka: 41:00

Straight up, you gotta, you know, and start with your exit strategy in mind, you know what I mean? You gotta have your exit strategy.

Steve: 41:03

You... Even if you put your money under your pillow, you can get robbed at home.

Myka: 41:06

Straight up, and people do that crap still, you know. Straight up, man.

Steve: 41:11

Yeah. So I was. There's a few topics. You got any topics you want to bring up? Because I got a few.

Myka: 41:19

Oh, go ahead, man. What you got?

Steve: 41:21

Oh, real quick, I wanted to ask you. Cause. Cause I saw a thing to, you know, doing the Instagram scroll, Brandon Turner talking about Claude. Now, what he mentioned, did you read that thing he did? He did.

Myka: 41:33

I didn't get to read it, but I saw you post it. I was at work when you sent it. Yeah, go deep into that.

Steve: 41:38

Okay. Okay. So he says, this is what you should be doing right now. You know, any investor, anybody or running a business should do this right now. Go to your laptop, put Claude on your, on your, on your browser or whatever. Put it on your, on your computer. Right. Make a folder, call it Second Brain. Dump all your stuff in there for Claude to read, right? And he said, he did put some caveats. He said, make sure it's all read only. Where you can't go and change, you know, you can't change things and spin things and, you know, get into stuff like that. But make sure you kind of, like, feed them all this information about your company. And then you have, you kind of have conversations with Claude and it's telling you what you should do and you know, you're asking what you should do and it asks you questions about your business. You're teaching it like a new employee. They said in no time it's going to be your best employee and in no time it's going to run 92% of your business.

Myka: 42:32

I agree. I would do something a little bit different, though. I would give it access to the folder. I'm going to be real. This has been the most powerful thing. This has made Claude 10 times better for me. If you're asking Claude about information. It's okay, because Claude is more of something that acts and knows how to go do stuff. Connect the folder to ChatGPT. Then connect Claude to ChatGPT, tell Claude to do whatever the hell ChatGPT tells it to do. Because ChatGPT's better at analyzing information than Claude. Claude's good at doing shit. Like, it's like you have a supervisor. ChatGPT has the vision. Claude just does stuff. Like, yeah, if you really want to get powerful, that's what I do. I don't... I had... ChatG... my ChatGPT manages Claude. Claude... Claude has dementia, it loses memory, all that crap. ChatGPT is on top of it, like, it knows, oh, no, you do this, you do this, Mahogan. ChatGPT knows everything. It's the full brain. And then it tells Claude to go do stuff. And then I have Claude, whenever I have Claude do something, I go, I tell it, go consult with ChatGPT. Do what it tells you to do. Man, it... it, like... and I'm gonna tell you, anybody who doesn't believe me, start telling Claude to consult with ChatGPT, and watch how many times Claude tells you, hey, ChatGPT caught something that I missed. Every time, it catches it. Every time like Claude is not good at assessing data. It's good at execute. It's good at executing. ChatGPT assesses data like, man, I've been, yeah, if you, and I'll tell y'all how to do it. If you have Claude on your computer, put open up Claude in Chrome, add it as an extension.

Steve: 44:23

uh... Ahhh.

Myka: 44:24

And then after you open it, add it as an extension, you can open a Claude session on Google Chrome, and just put ChatGPT in there, and Claude has full access to ChatGPT. And ChatGPT can just tell it what to do.

Steve: 44:34

Whoa, it's a little over my head. I wish.

Myka: 44:38

That's some crazy.

Steve: 44:39

Please make a video on this and put it out there. Yeah, please.

Myka: 44:42

I will, I will. I'll make a video on it. I'll make a video on it. Yeah, like, I'm telling you, like, yeah, Claude ain't good at assessing information. Like, Chad GPT can assess some information, tell you which way to go. Like, I have... Chad GPT runs all my finances, bro. And then Claude. It runs my finances, and then Claude, if Claude needs to make some changes, it'll tell Claude to do it.

Steve: 45:00

Damn.

Myka: 45:02

Like, yeah, it's some good stuff.

Steve: 45:04

Here's what I'm automatically thinking, because you just became an agent, right?

Myka: 45:07

Yes.

Steve: 45:08

A real estate agent. And. And there's been, you know, there's. There's been people that have been agents for 20, 30 years. Right. And. And here's what. Here's what I'm comparing it to. Because let's say back in the day when the Internet was invented, there was agents that was still, you know. Call my office phone and we'll talk and we'll set up something on my Rolodex. And then these kids came in and became agents and said, dude, I can do. Look at all this stuff I can do on the Internet, you know, and I could run circles around these old agents. Now, are you. That's what I think about you coming into the game knowing AI. That you could run circles around the current agents that are using... okay, I'm gonna make some Instagram posts and this and that. That you can run circles around those people.

Myka: 45:51

When I hear agents say they're using AI, I'm like, bro, you're tripping. It's trippin'. Like, every... like, I'm in meetin', I hear people, oh, you're a new agent, learn contracts... And I'm like, I don't like sitting in classrooms. I'm more, man, put me out in the execution field. I'm trying to go learn it. And I've been learning contracts left and right with ChatGPT and Claude. ChatGPT is like, hey, this is wrong. Claude, go fix it. Hey, hey, you didn't put this here. And, yeah, I'm using... I'm right now, actually, as we speak right now, I got Claude building the app to automatically do contracts for me.

Steve: 46:27

Damn. Dang.

Myka: 46:31

It's crazy! Claude, right now, like, right now, because I'm... by the way, I got my Mac Mini, so Claude right now is... I have it in the background, it's creating an app for me to pull the contract, get the information, and just shoot it over to the little... uh, the... shoot it over to the, um... The little zip forms that they use for the MLS? Man, yeah, that's all I do, bro. Like, I... Claude, and then what you can do in Claude, though, you can kill it. This is why I say Claude's good at doing stuff. I tell it to, like, I'll show. And then I'll say, hey, save this as a skill. After it's saved as a skill, it knows how to go do it without you.

Steve: 47:05

Mmhm.

Myka: 47:06

Yeah, man, it's some powerful stuff, bro. So I love AI, man. If you... even though it got held up at Congress, OpenAI tried to go... OpenAI, I guess they came out and said, you know, they had to slow down because they felt like it was going to kill everybody in 10 years. So, yeah, they slowed down on it, but the stuff that's out there is already out there, you know what I mean? So, yeah, bro, it's a lot of good AI stuff out there.

Steve: 47:30

Just a 10% chance of exterminating all of humanity. That's it. Just 10%.

Myka: 47:37

Yeah, yeah, 10% chance. Hey, but I'm happy the government was like, hey, let's slow down. Let's slow down. I'm like, yeah, you, we don't want to get to that point, but the stuff that's out there is out there. So it's, it's, it's, it's, it's a lot of good stuff. I would definitely say. If you have young kids, definitely learn it. Definitely learn it.

Steve: 47:52

Damn, man. One quick thing I didn't bring up on the show. It's just like a handy thing, right? A handy thing.

Myka: 47:59

Good. Mmhm.

Steve: 48:00

Because. Because, like, a lot of times we have. handyman or, or people that are doing our fixes for us and stuff like that. And handyman, they'll save you some money, right? They'll get the job done and they'll save you a bunch of money. If you call AAA auger, then you're gonna get, you know, bent over and augered. But, but, but if you, if you get a, got a good handyman, then those.

Myka: 48:22

Mm-hmm. For real.

Steve: 48:23

To do all that stuff, they'll save you. Now, the only thing is with Handyman. Kind of always broke a little bit. You know, they're not good. They don't. They're not good with money, you know, or they don't make, you know, whatever. It is what it is, right?

Myka: 48:36

Ray Ray's TV hanging service always got something extra going on.

Steve: 48:41

That's true, man. But... but so, here's the thing, and I just figured that as... probably people already knew this for a long time, but I just figured this out the other day, because my handyman said, hey, I'm gonna go to Home Depot and get those things to go install.

Myka: 48:55

Oops.

Steve: 48:55

but I don't got no money, you know, or maybe you can Zelle me, and he goes... he's the one that told me, he goes, you know what, when I get there, I'm gonna get all this stuff when I get to the register. I'll have them call you, and you can give them the information over the phone, and make the payment over the phone.

Myka: 49:12

Okay.

Steve: 49:14

I was like, that's a thing? I was like, it's like, it's like, yeah, and they do, you know, this is Home Depot calling, but here's a verification that is this, you know, so-and-so, you know, they just make.

Myka: 49:23

I ain't know that either. Yeah. Yeah. Okay.

Steve: 49:24

And then, and then they... You can buy all the materials and you can use your credit card.

Myka: 49:29

Okay. Yeah.

Steve: 49:29

You get all the advantages that you get with a credit card, right? And then he goes and installs it, and then, you know, that was the only thing with the Handyman, because they always want Zelle. They always want Zelle, you know, they're hitting your pockets right away. Whereas AAA Auger, they all take credit cards and stuff. But, um... so I just learned that trick, and Home Depot and Lowe's... actually, Lowe.

Myka: 49:48

Yes.

Steve: 49:48

Because Lowe's would just send me a link to my phone.

Myka: 49:51

Ooh, yup.

Steve: 49:52

And I'll just hit it, and I'll just go in there, boom, boom, boom, and the lady, the lady on the other side says, okay, it's paid, and he walks out the door with the stuff, right? And, yeah, so I thought that was, I thought it was cool. I didn't.

Myka: 50:04

No, go ahead, go ahead. It is. You know what? I forgot about that, because it's been, like, a few years since I did a, uh, a burr. So, my guy down in Arkansas, that's how he used to do it for me, he's like, man, I'll just go pick the stuff up. And the thing about it is, if you're doing it this way, one, you can kind of keep. he's getting that discount, what is it, the general contractor discount. He gets that, and then you can swipe your card, get the points off of it, and then you get a discount on if you just go down there and buy it yourself. So yeah, that's a plug. Like, Home Depot and Lowe's are smart for doing that, and they know.

Steve: 50:34

Oh, yeah, yeah, yeah.

Myka: 50:34

Like, most of these people coming in here, they flipping for somebody else. You know, they're working for somebody else. So, yeah, I love that, too. I forgot I used to do that. I did that, like, three.

Steve: 50:43

Mmm.

Myka: 50:44

Yeah, that's a plug.

Steve: 50:44

It's a power play, man. That's something I just... I'm always learning in this business, right?

Myka: 50:49

Yeah. Always learning, man. Yeah, man, speaking of learning, man, you said... you said people ain't presenting your offers?

Steve: 50:56

Yeah, I call these agents the firewall agents. Right. Because it's hard to get past them to talk to the client. And I'll say it like this. I'll say it like this. I'll call them.

Myka: 51:11

What's going on, man? Yeah.

Steve: 51:12

You know, and say, hey, you know, I'm interested in the house, I live here, local investor, would you consider, uh, would your client consider seller finance? And so many of them automatically, no, I'm sorry, we're not doing that. And I'm like, you know, after that, I've been just like, oh, okay, you sure? Because, you know, I can get them the full price, and they said, no, no, they're not interested in that. And it's like, you're not even going to tell them. You know, to me it's like, you're not even going to tell them. Now, I. What you said is true, because if you present a formal offer, they, by law, they have to introduce. Now, if I'm just me talking on the phone asking questions, I guess they don't have to tell their client that I'.

Myka: 51:47

Mmhm. Yes, because it's not formal.

Steve: 51:50

Okay.

Myka: 51:51

However... If you go to submit a TREC 1-4 form. and then send it to them, it could be half-assed filled out. They have to present the offer. As long as you put the offer numbers in there and stuff that you're presenting to present, they have to present it. And then, after you do that, then call them. Like, hey, man, I just put this offer in for you. Hit your email. And then they, yeah, they would have to present it.

Steve: 52:14

And by law, they have to present it.

Myka: 52:15

Yeah, they have to present the offer.

Steve: 52:16

No, no, really. How will we know that they actually did? You know, they could lie and say they did, and they said, oh, sorry, they said.

Myka: 52:24

Oh, call them. Oh, just text them. I keep everything in writing. I don't be calling these agents. I text them. Like, oh, they did this, they did this. Anything ever come up? Shoot them texts out. And by text, most... and agents are... savvy people. They ain't about to be lying on text. Now, I'm gonna be real. Always be careful of people that don't text. Won everything over the phone.

Steve: 52:45

Mmhm.

Myka: 52:45

But, even... well... Yeah, if they want it over the phone, well, Texas is a one-way state. I got this little pocket app, I could record the conversation. But the only reason I really do that, like, if my client wants something, I want to be able to remember it, so I can put it into AI, and then we go find what they need. You know what I mean? But, yeah, they have to present their offer. If you're finding them not presenting your offer. Um, and a lot of times, if you call and you're not an agent. they will just be like, ah, this is just a dude off the street. But if you start submitting treks, the one through four. they'll start presenting them, because they're like, okay, this dude knows what he's doing, and it's in writing, you know.

Steve: 53:22

Now, I can present those tricks.

Myka: 53:24

Yeah.

Steve: 53:25

I don't gotta be an agent to do that?

Myka: 53:26

No, you just... your agent's your protection if you don't... you know, not protection, but they just... The agent owes you fiduciary duty. But yeah, you can submit them all day. Yeah, it's just like doing a wholesale. yeah you're just not putting the and slash or on there yeah you can submit a trick to a uh to to an agent.

Steve: 53:44

Hmmm.

Myka: 53:44

And if they find out you're unrepresented, you're unrepresented, they might try to get a kickback or submit you to one of their friends.

Steve: 53:53

Yeah.

Myka: 53:53

submit you over to one of their friends or whatever, but you just be like, I'm underrepresented, and these are my. And, um... and I had a question for you on that. When you're submitting these offers. Are you now... Because this would help me and my client. Are you targeting... stuff on the MLS that says they're open to owner finance, or are you just saying, I don't care if you're open to it, I'll just ask you anyway?

Steve: 54:17

Now that's what I've, I've always been doing. That is before, you know, up until lately I've always been, you know, it'll say on the listing you put in the, the keywords and you put owner finance or seller finance or subject to whatever you put in. You know, I try different things for different searches.

Myka: 54:32

Okay. Yeah.

Steve: 54:33

Um, but yeah, and then in that case, you know, then they, they pretty much just tell you the terms right off the bat, right? And then, and if I was, you know, my agent that I've been with for a while. she... she'll... she has a portal made out to me that... that'll send me all of the owner finance, seller finance stuff, right? And then... and then I'll ask her, okay, I like this one, can you see what's... see what their terms are? And she'll tell me... tell me the terms, and I'll say, well, can you.

Myka: 55:00

Yeah. No.

Steve: 55:01

And a few times they have. A few times they have taken it, right? From my terms, right? And this is what I usually do, because a lot of... here's what most of them want. Most of them want 20% down.

Myka: 55:12

Yeah. Okay.

Steve: 55:12

And 9 or 10% interest. That's what they want. That's. That's.

Myka: 55:20

That is what I'm running into, bro. Oh my gosh. That, like, I had this one dude, he was like, oh, well, 15% down and not 10% interest rate. So, you know, I'm like...

Steve: 55:28

I'll go through a damn bank!

Myka: 55:32

Exactly, bro, what the... Yeah! Um, but he was like, you know, so I worked with him. I was like, look. I'll give you the 10% interest rate, but you gotta meet my price and everything else. And then I submitted the offer, and I never heard back, so I'm waiting for the client, the, uh, the real estate agent to come back, but I'm like, 9%.

Steve: 55:47

Yes.

Myka: 55:47

I don't know. We're probably not going to we're going to pass on it. But because it's a new bill, they're sitting. it's a new build sitting, and he's just... he can't get off of it. Um... now, I do have a question for you. Do you have any success with wraps? Where there's a mortgage, a current lien on the.

Steve: 56:03

Now, the only one... that I... that I have of that one, and I explained it to you, I think, through... through text message, was... So here, here, here's how one of the, the guys that I, that I bought from.

Myka: 56:20

Okay.

Steve: 56:20

he has an investor out of California, you know, the money guy. And he'll... he puts up the money for him to go pick up a house, you know, of course, at a discount. fix it up and either flip it or sell it on owner finance. Right. So, so.

Myka: 56:38

Yeah.

Steve: 56:38

So the guy I buy it from, the middle guy, he actually owes, has a lien, you know, owes money to that, to the investor guy in California. The investor guy in California is like the bank. He's Wells Fargo, whatever the hell, you know, and so he owes him money.

Myka: 56:54

Yeah, yeah, yeah, okay.

Steve: 56:54

And he, and he puts it all clear as day in the forms. He goes, listen, this is the, this is a deal I got with this guy. I got the house, you know, 200, like a$200,000 mortgage with him at 5%. I'm selling it to you for 250 or whatever the price is. He's selling it to me after, you know, he fixed it up and stuff. And then at, at six and a half percent. So he's making money. He's making money off of. Yeah, he's the middle guy. He did all the work, made the house pretty, sold to me. And as long as they're meat on the bone and I can still, I know I'm still going to make a profit on this house, right? I'm good with it.

Myka: 57:26

Ooh, that's smart. Yeah. Mmhm.

Steve: 57:27

And he's making... he's making profit, because he's the middle guy, and he's making money off of me, and then he's paying that guy, and the original guy's making money, because he put the money up for the house, and he's getting paid. So that's... that's kind of... it's a wrap, but without.

Myka: 57:40

Hey, I'mma tell y'all right now, that's the only type of arbitrage I wanna hear about right there. I like that. That's the arbitrage that gets equity and the arbitrage that makes some money. I love that. I like that. That was a good one. I like that. That's good.

Steve: 57:54

And... Yep. Now, me being the one that purchases the house after it's already, you know, been fixed up and everything, I get to use. I get the tax advantages. That's my thing. You know, the middle guy, he makes a profit, but he's not getting all the tax advantages.

Myka: 58:06

Yeah. No.

Steve: 58:07

that I get, because the depreciation, you know, the tax write-offs and stuff like that, because he technically sold it to me.

Myka: 58:13

Okay. Yeah, yeah, yeah. Okay, so you're getting the, yeah, the short-term rental, mid-term. Yeah, okay. I like that. That's good, man. That's good. Because a lot of. Submit offers on there like, oh, this one might be a wrap. That's why I think it's easier to target the ones that say owner financing because you know they own it outright. Most of the time I haven't ran into too many that had that weren't free and clear. So that's why I was wondering if you had any success with it. Sounds like you have. Um, one thing I would suggest to you two, like, with you doing these, you should probably tell Lupita to get her a real estate license.

Steve: 58:43

You know, she looked into it before, and she, like, paid for that class to do it and everything, but then she's like, I don't really want to do it. She. I don't know. She's just kind of like, yeah, I know. I was getting excited. I was like, oh, cool. We get to go. I could look at any house ever, you know, whenever I want, I thought. But then she just.

Myka: 59:00

You wanna do it? Yah.

Steve: 59:01

Yeah, I don't know.

Myka: 59:01

Yeah, it does. It takes some commitment. Yeah, it takes a commitment. I feel it because I'm hugging the same thing. She's like, and it is because like, it's, you learn a bunch of stuff that's not needed. But the thing about it is when I did it, I was like, I kind of put a limit on myself, but I'm like, man, this is, you know, I got, you know, I don't really manage here in Texas anyway or do anything in. I have the advantage for wholesaling and pulling comps. I can pull comps real quick, be like, ah, this is a load of crap, you know, real quick. So that's my biggest advantage for.

Steve: 59:29

The coolest thing about you becoming an agent, and I know that other people in the past have warned you not to do it. Like, can't remember can. He's like, nah, you don't want to do it because then they can sue you. Because if you get too good of a deal over somebody, they can say, oh, you're an agent. You should have known better than.

Myka: 59:44

Yeah, yeah, yeah.

Steve: 59:45

to take advantage of some old lady and take her house or whatever. But, you know, that... there's always that, right? But the coolest thing that... that I see, and it's from the... the Ziona's book, right? Um, about... about creative financing. And... and she talks about...

Myka: 59:59

Here you go.

Steve: 59:59

You know, she's. She's done everything. Short term rentals, mid term rentals, long term rentals, had all this accumulated rentals. And she got to the point, you know, she didn't like messing with all that stuff and even the headache of management and the shit rolls uphill, all that stuff. She said her favorite thing to do is to put.

Myka: 1:00:15

Mmhm.

Steve: 1:00:15

together creative deals, be the middle, be the middle person. And as an agent, you know, she can do that.

Myka: 1:00:22

Okay. Okay.

Steve: 1:00:22

Because she's an agent and she can, you know, put together and work both sides of the deal, get paid on both sides of the deal. She could do that. And then she makes a, you know, she, she has a pool of buyers that are looking to buy houses subject to her owner finances. She has. And she goes and has people bringing her sellers that'll consider that, you know, house has been sitting forever.

Myka: 1:00:40

Yep.

Steve: 1:00:40

And that's her thing. She'll find the sellers that would consider creative finance and she puts them together with the buyers, makes up the whole contracts and everything, closes everything. She gets a big payout. You know, she said at first she was like, oh, she always doing it for 5,000 or 10,000. Now she gets like, you know, bigger.

Myka: 1:00:55

Oh.

Steve: 1:00:55

20, 10, 20, 30,000. She gets big payments. Just a... just... she ain't... she ain't the one buying it, she ain't the one selling it, she ain't the one, you know, managing a rental property. She just in the middle, creating the paperwork for the deal, making the buyer happy, making the seller happy, and then she'd be getting a big chunk herself. She says she loves that more than anything, because.

Myka: 1:01:13

Yes.

Steve: 1:01:13

You know, hands off, making money off real estate.

Myka: 1:01:17

Yeah. I love it, man. And I was just talking to... who was I talking about this? I was talking to my boy Joseph, we went out to eat the other day. She pumpkin-planned her business. What brings you the biggest pumpkin? And you actually enjoy doing it.

Steve: 1:01:31

Mmhm.

Myka: 1:01:31

If that's it, do it, you know, and then you can like throw some, you know, get a couple of rentals here and there that are like your, you know, your passive income to replace your active. So then you do it when you want to. That's the best part about it, man. That's what I'm trying to, um, speaking of that, we talked about. That leads me right into the podcast. Brandon Turner's podcast. podcast he just released.

Steve: 1:01:54

Mmhm.

Myka: 1:01:54

You called it depressing. I said, these are some of the best gems I've ever heard in my life. Because... He said in business right now we're in war.

Steve: 1:02:04

Hmmm.

Myka: 1:02:05

And I've been there, been in war, in business. And he goes, but those are the times that make or break you. Those are the times where you get real creative. And my mentor always says. You don't know how much is in your brain until your back's against the wall. You start figuring stuff out.

Steve: 1:02:23

Mmhm. Oh, yeah.

Myka: 1:02:24

You know what I'm saying? Pressure makes diamonds, man. And yeah, I've been there, bro, and you know, and that's why I know, like, hey, stack reserves, do what you gotta do, stick to your, uh, to your profit first. But yeah, that was a good episode. That was the gem I got, you know what I mean? It's in these seasons that it makes or breaks, and then the Feds just h.

Steve: 1:02:42

Mmhm.

Myka: 1:02:42

okay, now we gotta see how to make deals. Like, right now, you're still making deals in a hard economy. I'm still getting real estate clients in a harder economy, because I know who to target. But yeah, what did you take from that episode? That was a great episode for me.

Steve: 1:02:57

Yeah, man, they were there, they just opened it up themselves about all the struggles they've been having lately, right?

Myka: 1:03:03

Yeah, thank you.

Steve: 1:03:04

And I guess his partner on the show, what's his name? His partner on the. Yeah, Cam Cathcart. Yeah. And he was saying he was used to making like.

Myka: 1:03:15

Cam Cathcart. Cam. Cam.

Steve: 1:03:15

uh, how many... I don't know, he was selling, like, 10 or 20 flips a month, and then down to, like, you know, 4 or 5, you know, just... and... but he said... and then he, you know, moved to Maui, bought a big ol' house, and got used to spending about...

Myka: 1:03:28

Sure.

Steve: 1:03:28

His lifestyle was around 50... spending 50,000 bucks a month, lifestyle. You know, he just... he just grew, because he's making so much money, right?

Myka: 1:03:36

Yeah. Yeah, thank you.

Steve: 1:03:37

And then he had to, just like Brandon, when he had to move to Houston and try to figure all that stuff out with the deals that were going bad, he moved back to, like, Missouri, or wherever the hell he's from, and just...

Myka: 1:03:49

Dear.

Steve: 1:03:49

You know, moving back into a modest house and trying to figure everything out and boots on, you know, going to all the houses and walking through nasty houses again and, and talking about walking through houses with dog crap everywhere and roaches and just cat piss and just.

Myka: 1:04:04

Yeah. Yes.

Steve: 1:04:05

having to take a sink shower afterwards, just like the old days. He's back, and he had to go back to doing that stuff again because it had gotten so bad, right?

Myka: 1:04:14

Yeah, bro.

Steve: 1:04:15

And the thing is, he mentioned, like, most of the flips you don't even make money on. Ain't that. I mean. That is insane! He was making money off of all of them back in the day, making so much money, and then, you know, lifestyle creep, spending a lot of money, and then he just...

Myka: 1:04:29

Yeah. Okay.

Steve: 1:04:29

You know.

Myka: 1:04:30

I'm gonna be real, man. That's what I don't... I try to always stay modest, because...

Steve: 1:04:36

Mmhm.

Myka: 1:04:36

Lifestyle creeps a real thing.

Steve: 1:04:39

Oh yeah.

Myka: 1:04:40

I have two paid off cars, you know, once I start paying off my houses, I don't want to get into lifestyle creation, because I know what I like to do. I like to travel, right? And I got that budgeted out. I got credit card points that I use, you know, I keep my credit cards paid off, you know. Because lifestyle creep's a real thing, and I tell people, you know, you gotta be careful with lifestyle creep. That's why I think it's good. to make a lot of money at a point, and then go back down? Because it kinda... so when you go back down, it doesn't hurt you too much. I listen to this Master P quote. He said, man, he said, man, I'm around millionaires, billionaires all the time. He goes, but I noticed the one difference between me and them. He goes, man, I used to shoot basketballs in the ghetto with no lights on. He goes, I could go back to that easy, because I know how to survive. He goes, some of these people I'm next to in LA, these rich, fancy cars, he goes, they go broke, they be... they kill themselves. They don't know, because they're not used to that, and I'm like, man, I don't ever want to get to a point where my lifest. It's like, not, you know... just to a point where you lose that grit and the grind, and you know, he's still... that's who made him who he is, the grit, the grind. Um, because, yeah, that lifestyle creeps real, so that's why I was like, I'm happy, because I remember when I left my job, man, I was making. ton of money, short-term rental, mid-term rentals, you know? I'm making more than I was making on my 9-to-5, you know? I'm like, I'm making my salary, I'm netting my salary, you know? And then stuff happens, you know? Stuff starts going down. I had to go back to my 9-to-5, but now.

Steve: 1:06:12

Mmhm.

Myka: 1:06:12

I'm not making as much as I was, but I'm slowly getting there, but I'm like, I'm not increasing my lifestyle, I'm like... You know, I'm just like, hey, put this over here, let's see if we can get this new build, let's see if we can build something. So those things make or break you, but it teaches you humility, and that's the best part about it. And I love that they were vulnerable and open about it.

Steve: 1:06:31

Mmhm.

Myka: 1:06:32

Yeah.

Steve: 1:06:34

Yeah. And it is funny because, like, the guy, you know, the guy who I recently bought the house from, the one I said, he's the middleman that he got the California guy, you know, and he's fixing the houses up and selling them on owner finance. I talk to him sometimes. I would say, like, a kind of a mentor a little bit. He's showing me the ropes and how he's doing the things. And of course, I'd like to try it one day.

Myka: 1:06:54

Yeah. Yeah. Okay.

Steve: 1:06:55

But. When I was, when I was showing him my, you know, my bank statements and cash flow and stuff like that, he goes, he goes, where do you live? And I told him where, you know, the area I lived in. He goes, you know, you can afford a lot, a lot more house than where you're at right now. I said. I mean, it's a decent area, but you can afford to live in this area, you know, have this house, and I was like.

Myka: 1:07:17

Yeah. Yep. That's the...

Steve: 1:07:18

I started getting in my head a little bit. I was like, yeah, that's, that's, that's true, man. I could, you know, I won't say Southlake, but I could live in a, you know, in a more gated, secluded, whatever the hell community with the McMansion. You know, I could. I said, and I talked to my wife. I actually said, you know, this is what this guy said. What do you think? I love this house. We love it here, the neighborhood and everything. I said, okay, yeah, me too. I'.

Myka: 1:07:40

Yep. Yeah. Yeah.

Steve: 1:07:41

we can afford to do that if you're ever thinking about it. No, we like it here. And I was like, cool. I was like, I got a house, I got a low mortgage, great interest rate. Now, that's when you get in trouble, right? We did get the new car, I told you. Fine, the first new car I ever bought in my life. First new car. I did get that last year. It's been a year already. And, um, but...

Myka: 1:08:04

Here. No.

Steve: 1:08:05

But I, like... that's the trap, man. I said, oh, I can get the McMansion. Oh, if I make some more money, I can move to Southlake. I could get me a million dollar... two million dollar... you know, it just...

Myka: 1:08:14

Yeah. Okay.

Steve: 1:08:15

And then. And then you're. Then you have to do these. You have to get these. You have to make this money because you have to pay for that lifestyle.

Myka: 1:08:21

Yeah, man, I was reading. I think it was in cash flow quadrant. He goes, that's the trap that everybody gets in. They want to. Go big, get a bigger house. Keep getting a bigger house. I know people that take the money out the house that they have and go buy a bigger house to live in, instead of taking a HELOC and go buy a bunch of rental properties, and if you do want to move over there, do it after you got the rental properties, or whatever, you know? I mean, you got the rental properties, you see it, you're like, man, hell nah, I got the rental properties, I'm, you know, I'm secure at my job, you know? And I remember one cool thing you said, when you sent the video, you said, good thing we kept our damn 9 to 5s, because, yeah... For real, bro, because I'm gonna be real. 9 to 5... my... our 9 to 5s aren't bad, like, we have tough times, and, you know, you gotta get your projects done, the things of that nature, but... It's not like you have... an a-hole boss, you know what I'm saying? I remember you said this a long time ago. It's the people that have a-hole bosses, they're sitting there hustling, trying to get off their 9 to 5, but we're not in that situation, and I think that goes. power of good management. Gotta have good management. You have good management, make your whole life easier, and teaches you to be a better manager to the people you serve as well. So, yeah, man, lifestyle creeps real. You gotta and that's why I think you have to build, like, even with this whole investing thing. you have to start with your endgame, you know? My endgame ain't never the same. I want to have me a nice house that my kids are comfortable at, kids are in a good school district, and I just like to travel, bro. Like, I have to hop on some cruise ships, I want to go to Jamaica next year, you know, I just like to travel. Moggin's about to be 35, I'm like, man. I want to travel and kick it. I don't need, like, the... I want experiences, man. Who was that girl who came on our podcast and said, experiences over everything, you know what I mean? That's what I want to live, man. Straight up.

Steve: 1:10:12

Yeah, yeah. And that's the thing, you know, I was gonna bring it up. I went to the Texas Rangers game the other day, right?

Myka: 1:10:17

Yeah.

Steve: 1:10:18

And I said, all right, us, you know, us four gonna go, you know, me, my wife, or us five, because our little one, you know, one year old. And then crazy to have a one year old. He's about. He's about to be two, though, so I don't feel so old. Right. And so. So we'll go to the Rangers game. I was, like, looking at the ticket. Back in the olden days, I'd look at the cheapest ass tickets I can get. Right.

Myka: 1:10:38

Yeah. Yeah. Sure. Yeah, sure.

Steve: 1:10:40

But I was like, oh, we can afford a little something. Some. I was like, all right, this is an experience. You know, I'm not gonna get this money back, but the memories be cool. And I was like, okay, it's gonna come out to this amount. You know, I'm looking at like, like around 500 bucks for these tickets. This is like the all you can eat seats too. You know, it just.

Myka: 1:10:54

Sure.

Steve: 1:10:54

This, the view, I liked it by the foul pole and you know, I was like, I might get some home runs over there. That's why I chose it. It's cool because you on the, on the Rangers and I'm sure every MLB website you can, you can like get a 360 view. You can get in the seat and look around and on the website. So this.

Myka: 1:11:10

Oh, yeah. Yeah. Okay.

Steve: 1:11:11

And then I was gonna pay, and it said, oh, it's the... oh, you can eat seeds. Oh, even better, you get, you know, food with it, right? It came out to around 90 bucks, 91 bucks a tick.

Myka: 1:11:19

Thank you. Not bad.

Steve: 1:11:20

And I was gonna close out the deal, and I was like, you know what? I'm inviting my dad and stepmom. And I said, I'm gonna call him. Hey, I'm paying. You're coming with us. It's all you can eat since. Don't worry about it. We're gonna park in front. I ain't messing with walking a mile, you know, back like we were kids, you know, if we went to an event, we were gonna walk a long ways because we ain't paying $10 to park.

Myka: 1:11:40

Yeah, thank you. E.

Steve: 1:11:41

the park in front is, like, 60 bucks, right? And, uh, by Texas Live, so I was like, we're gonna... y'all come to our house, we're gonna go, I'm gonna treat y'all, you know, just cause I want... this is.

Myka: 1:11:51

Yes. Heck yeah, man.

Steve: 1:11:52

And we had a great time, watched the Rangers win, you know, all you can eat. And then, of course, my kids didn't like a lot of that stuff, so I had to go buy some of the stuff for them, you know, just. I was paying more money. I didn't care. This is what it is about. This is an experience. Now, I did ask my dad and stepmom.

Myka: 1:12:06

Duh. Yeah, yeah. Yeah, man.

Steve: 1:12:07

No? Okay, we talk business. I took some clients, some potential clients on a...

Myka: 1:12:20

Yeah, yeah, how we talk business. There you go! There you go! Tax write-off! Thank God! There you go. We talk business. Hey, man, I'm going to.

Steve: 1:12:28

I tried, I tried. So that's what I was... when you said that, experiences. Yeah, that's what I think is cool, you know? And then even going to a nice, you know, a nice dinner, you know, spend a few, you know...

Myka: 1:12:41

I love it. I love it.

Steve: 1:12:41

Couple hundred, two, three, 400 bucks on a nice dinner every now and then. talk a little business if you want, you know? But uh... but it's still, it's just experiences. And I like that a lot more than accumulating more crap.

Myka: 1:12:55

Yeah, so. Yeah.

Steve: 1:12:56

that you're gonna be stuck with having to find a place for. I mean, I remember in COVID times, the people were buying up all those RVs, right?

Myka: 1:13:03

Yeah.

Steve: 1:13:03

You go drive past those RV places where the people are paying to park those things and just like hundreds of those things, they ain't using them. They're trying to sell them for like a, you know, half off. Just trying to get rid of those things because they're paying money to park those motherfuckers. And so it just. I'd rather, like you said, accumulate.

Myka: 1:13:20

Oh, man. Nope. Yeah, yeah, yeah.

Steve: 1:13:21

Experiences instead of accumulate stuff.

Myka: 1:13:23

I know, man. See, I love that story, man, because you get to spend time with your family, and that's priceless. You can't... you don't get those moments back, bro, and that's what I love about it. Like, I took my kids to the Rangers game. Um, my son and my daughter, and they loved it, man. They just had fun. They run around, then they go upstairs to the little area where the little kid section is and act like they're playing baseball. You know, you can't get those memories back, man. Forget a new bigger house. What for, man? I got a low interest rate, payments low.

Steve: 1:13:51

Yeah, it's. No. Mmhm.

Myka: 1:13:52

You know, I ain't paying no $3,000 a month to live in an apartment. They ain't gotta move if they go up and... forget all that, man. I'm living the good life, you know? And, you know, I listen to Colin Cowherd, right? And he was talking about LeBron James going to another team.

Steve: 1:14:06

Yeah, okay. Mmhm.

Myka: 1:14:07

He said, everyone's saying LeBron James is chasing rings, but he's really not, because those teams only get better at winning rings when he's there. He goes, what he's doing is, he's going to the teams that have the potential to win a ring. He goes, that's what you're supposed to do as you get older and older. You're supposed to make your life easier. The reason you get it easier, because now you have freedom, option, and choice to do what you want. And I was like, that is the level I'm chasing in life, to have that freedom, option, and choice, to be like, hmm, let me go play for the 76ers. And they want me, because I got the experience.

Steve: 1:14:40

Mmm.

Myka: 1:14:40

And it's gonna be fun, because I can win. That's how you live life, bro. People don't understand it. That is how you're supposed to live. Life's supposed to get easier when you get older, not harder. It's supposed to get easier. Yeah, I love that.

Steve: 1:14:53

And that, and that, and that's like the thing I was talking about was Zeona. She, she don't want to be here getting a phone call at midnight about an exploding toilet. She don't want to hear all that stuff.

Myka: 1:15:01

There's floating toilet dishes!

Steve: 1:15:02

She was. She gonna put buyer with seller. Here's the contract. Give my 30 g's. Peace out. You know, I'm gonna go. I'm gonna go to travel Red Rocks, or I'm gonna go to the. Where they go in the desert and they get naked. Where's that? What's that thing called? The Burning Man. I'm gonna go there. Yeah.

Myka: 1:15:21

Yeah. Oh, Burning Man! Burning Man, yeah, yeah!

Steve: 1:15:22

I'm gonna hop around and go to Thailand next week. I mean, that's what the lifestyle she wants. She wants to travel, enjoy life with her husband, and just chill. She don't want to hear all these stupid phone calls. I mean, she figured out how to do it that way.

Myka: 1:15:34

Yeah, bro. Straight up, man. That's how life is, bro. You gotta find what you like to do, the experience that you like. I don't want a bunch of junk and stuff, man. I don't want a bunch of crap, man. I like books and all that, but I like to go travel, man, see the world. That's how you really learn and get the experiences and open your mind up, man. I love that, man. I love that. That was a good story, man. That was a good story. No.

Steve: 1:15:56

Cool, brother. We had a little drink-a-drink tonight. That's an experience right here. These podcasts are always a fun experience, so... yeah, man, that's a good place. It's been over probably an hour and 20 minutes, but...

Myka: 1:16:09

Yes, sir. Yeah, thank you. Man, we've been running, man. Yeah, we have, man. But on the outro, I do want to say, I really enjoyed the conversation tonight because it really made me go back to our first episode and think, like, dang! Look how much we've grown. We've been doing this podcast in July. It'll be 10 years. So we're at nine years. It'll be in July. It'll be 10 years.

Steve: 1:16:27

Mmhm. Wow.

Myka: 1:16:28

I look like, dang, we're talking about owner finance deals, we're talking about new construction, and we're doing all this stuff. If you go back to the first episode, I was just a dude starting an Airbnb. Steve had a couple mics, and we just talked about it, you know, and it was like, dang, now. But the power is, stick to one thing. Don't jump around, just stick to one thing. If you do one thing for 10 years, bro, it'll change your life. Straight up. That's my... that's my my mic drop for the night man is yeah pumpkin planet go through the hard bro.

Steve: 1:17:01

Pumpkin planned this stuff.

Myka: 1:17:02

this podcast has grown. I really wanted to say I'm happy, you know, the people that stuck around, the people that's listening to all the episodes, shout out to you, if you have, you know. But uh, yeah, man, it's been a fun ride, and this is real cool, like, how much we've grown, straight up.

Steve: 1:17:15

Oh, yeah. Cheers, man. So I'll drink to that.

Myka: 1:17:19

Yeah. Cheers to that. Right up.

Steve: 1:17:20

Where can people find us, Myka-Man?

Myka: 1:17:23

Find us on Instagram, TikTok. Uh, liveletthrive at gmail.com if you want to reach us. Um, and y'all, yeah, by the way, we're on Buzzsprout now, and I... I didn't realize the podcast game has changed. You can now upload your videos to the podcast, so when people are in their car, they can turn the video on, or they can just listen to the podcast. I didn't know that.

Steve: 1:17:42

Dude, I saw. I saw that. I put our podcast on driving to work one morning, and I was like, whoa, video. What the hell's going on?

Myka: 1:17:50

Yeah, I didn't know that. So I was like, uh, clock. Guess who taught me? AI. It was like, hey, just stop separating your files. Just upload it. And I didn't realize they do video now. Like, but that shows you podcasting has gone the video route. Look at Netflix.

Steve: 1:18:04

Claude, yeah. Wow.

Myka: 1:18:05

They're in the podcast game, so... yeah, but yeah, and so now, anyone who's never seen us, you can see us if you've only listened to the audio. Most people watch us on... I think some people watch us on YouTube, but yeah, man, y'all can find us there, and um... thank y'all for continuing to listen, man.

Steve: 1:18:18

Peace.

Myka: 1:18:20

We are out!

Steve: 1:18:21

Later.