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A House With a Beauty Salon Attached - $3K to $4K a Month With the BRRRR-B
Description
Myka closes a Grand Prairie house in 12 days that includes a beauty salon behind it - he'll rent the salon to his cousin for $1,000/month while Airbnbing the front, projecting $3,000-$4,000 monthly cash flow. He's executing a BRRRR-B strategy: buying cash with a refinance pull, rehabbing on a 4% business line of credit for an estimated $25k, then leasing the property to his LLC for a year before refinancing in December to repeat the cycle.
The hosts swap updates on surviving COVID shutdowns, debate multiple income streams after Joe Rogan's $100 million Spotify deal, and explore private lending as an alternative to traditional financing. Myka rented his Dallas condo to a traveling nurse in 24 hours on Furnished Finder at $1,600/month. Steve discovers a guest had an apparent orgy in his rental - all three beds used, nothing else in the house touched. They close discussing TikTok for direct bookings after a Texas inn built 80-100% direct booking rate with 70,000 TikTok followers.
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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
All our links: linktr.ee/liveletthrive
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