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The 7 Stages of buying a Short Term Rental!
Description
Steve closes on a five-bedroom Grand Prairie house with partner Cheryl for $385k - a property initially listed at $425k that sat unsold through the holidays. He shares his method of offering full asking price while negotiating $15k back toward closing to reduce the 20% down payment. The house books its first guest at over $1000 for three nights before he finishes furnishing it.
The episode covers Steve's emotional journey buying investment properties, from initial excitement through fear and regret to eventual pride. He details practical upgrades including a $140 under-stairwell kids' space with sleeping bags and lights, the importance of replacing toilet seats in occupied homes, and ordering 3D Matterport tours for corporate rental prospects. He closes by submitting an owner-finance offer on a $300k South Padre condo with $10k down and no balloon payment.
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Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
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