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This couple says they’re $12M in debt after buying 12 Airbnbs — but the risky move gave them financial freedom
Yahoo Finance·2025-09-21 12:30

For many people, being 12millionindebtsoundslikeanabsolutenightmare.ButforMichaelElefanteandhiswife,itsthepriceoffinancialfreedom.InarecentXpost[1],Elefantetoldhisstory.Heandhiswifewalkedawayfromsixfigurejobs,borrowedhundredsofthousandstobuytheirfirsthomeinNashville,andlisteditonAirbnb.Thegamblepaidoff:thepropertypulledinenoughmoneytocoverthemortgageandthensome.Sixyearsand11houseslater,theyclaimtobeearning12 million in debt sounds like an absolute nightmare. But for Michael Elefante and his wife, it’s the price of financial freedom. In a recent X post [1], Elefante told his story. He and his wife walked away from six-figure jobs, borrowed hundreds of thousands to buy their first home in Nashville, and listed it on Airbnb. The gamble paid off: the property pulled in enough money to cover the mortgage and then some. Six years and 11 houses later, they claim to be earning 50,000 to $ ...