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Episode 141: Getting to 100 Doors using Subject To, Arbitrages, & BRRRR w/ Mike Glaspie
Description
Mike Glaspie walked into $14,000 of equity on a duplex with zero money down, then house-hacked one side and Airbnb'd the other, netting $1,200 a month while living free. He financed the furniture at 0% for 12 months, paid only first month's rent and a security deposit on the arbitrage side, and combined a subject-to takeover with the BRRRR model - three strategies stacked into one screaming deal that now runs itself.
Myka and Steve dig into Mike's path from Green Beret to 100 doors across three states, all built while serving full time. The conversation covers subject-to mechanics - how the deed transfers but the mortgage stays in the seller's name, when a due-on-sale clause matters (almost never if you're making payments), and why military towns overflow with zero-equity VA loans ripe for creative deals. Mike breaks down managing managers, building systems that scale, vetting contractors with a standard package so you know your per-square-foot cost on every flip, and why he'll never self-manage again. Myka gets live coaching on using private money at 8% interest-only to bridge a 1031 exchange, and Steve wrestles with a property manager who let a tenant walk without collecting the deposit.
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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