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Using debt to buy assets for financial freedom
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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 $12 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 $ ...