Live Let Thrive Podcast
Don't Arbitrage! BUY THE AIRBNB with ZERO money out of pocket! "Sub2" expert Adam Johnson!
Apr 27, 2022
Adam Johnson, expert in using the "subject to" method to buy properties with zero to little money down, talks about turning properties into cash flowing Airbnb/STRs. They discuss the benefits of using Guesty for Hosts, managing an Airbnb business with an assistant, acquiring homes through subject to and rental arbitrage, the importance of diverse skillset and direct bookings, the use of phone numbers and links in Airbnb pictures, controlling guest reviews, Boostly's direct booking sites for Airbnb hosts, and paying for direct booking and the 'do on sale' clause in real estate.
01:22:02
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Quick takeaways
- Using social media is an effective tool for attracting sellers and finding subject-to opportunities.
- Focus on the potential cash flow of the property rather than equity when considering subject-to deals.
Deep dives
Finding Subject-to Opportunities
To find subject-to opportunities, Adam initially used bandit signs and posted on Facebook groups. Over time, people started calling him directly, either from his Facebook posts or through referrals. He mentioned that social media, despite being slightly cheesy, is an effective tool for attracting sellers. He also mentioned that realtors and other investors would sometimes reach out to him, knowing that he specializes in subject-to deals.
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