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Drop PMI Without Refinancing - How One Appraisal Saved $250 a Month
Description
Steve and Myka discuss knocking PMI off mortgages without refinancing - just pay for an appraisal if the property has gained 20% equity, saving hundreds per month. Steve saved over $250/month this way on multiple properties by using Wells Fargo's PMI appraisal program, which sometimes costs as little as $150 for a drive-by.
The episode covers email and text marketing through StayFi (collecting 1200+ guest emails), converting arbitrages into purchases through rapport-building, setting up game rooms versus offices based on target clientele, creative deal structuring, Dallas STR regulations and donations to the STR Hero legal fund, interest rates hitting 7% on investment properties versus 11% on hard money, and leadership lessons from "Good to Great" and "Extreme Ownership."
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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