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22 Airbnbs Bought With Zero Money Down - Adam Johnson on Subject-To
Description
Adam Johnson explains how he bought 22 Airbnb properties with zero money down using the subject-to method - taking over existing mortgages while transferring the deed. He details getting a seller to pay him $10,000 to take a house with 26 dead pets, turning it into a $2,200/month rental. He's now planning a million-dollar cash-out refinance across his portfolio, living tax-free on loan proceeds his tenants repay.
The episode covers moving from arbitrage to ownership, why smaller rental homes attract worse tenants, maintaining two full-time cleaners by blocking calendars to prevent burnout, hitting 50% direct bookings through Hostfully, using promissory notes to make sellers repay fix-up costs from their tax refunds, and why the due-on-sale clause rarely matters when banks are getting paid.
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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