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Michael Elefante

@melefante6 • 22,246 subscribers

I've helped people acquire ~1B in Airbnbs 🏠 DM me "START" to get your 1st Airbnb. Learn more here 👇

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In 2020, we put $110,823 into a $550,000 mountain cabin in Gatlinburg and bet that strangers would pay to stay there. First year cash flow: $109,000... That's nearly a 100% cash on cash return in 12 months. Two years later it appraised at $900K... We refinanced, pulled out ~$200K tax-free, and rolled it into the next property. This is the exact strategy I've been implementing since then, across now 14 properties. We bought it because we knew what it would become. Still cash flows to this day. If you want to learn how to find and set up your first cash flowing Airbnb, DM me "START"

In 2020, we put $110,823 into a $550,000 mountain cabin in Gatlinburg and bet that strangers would pay to stay there. First year cash flow: $109,000... That's nearly a 100% cash on cash return in 12 months. Two years later it appraised at $900K... We refinanced, pulled out ~$200K tax-free, and rolled it into the next property. This is the exact strategy I've been implementing since then, across now 14 properties. We bought it because we knew what it would become. Still cash flows to this day. If you want to learn how to find and set up your first cash flowing Airbnb, DM me "START"

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Here's why you don't need to give away 20-30% of your income to the gov every year...

Here's why you don't need to give away 20-30% of your income to the gov every year...

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6 years ago, my wife & I knew it wouldn't work out long term...
1:17
melefante6's profile picture

6 years ago, my wife & I knew it wouldn't work out long term...

Michael Elefante

7,247,304 views • 11 months ago

My wife is 31 & I'm 32, we aren't ashamed to admit that...
1:13
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My wife is 31 & I'm 32, we aren't ashamed to admit that...

Michael Elefante

4,652,133 views • 9 months ago

My wife & I aren't ashamed to admit that we cheated...
1:23

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My wife & I aren't ashamed to admit that we cheated...

Michael Elefante

3,549,755 views • 10 months ago

My wife quit her job and made us $1 million. Not in revenue. In tax savings. The IRS has a designation that lets a stay-at-home spouse use real estate depreciation to wipe out your entire W-2 tax bill. If you own a short-term rental, you don't even need that status… And you both can still work your W2 jobs... You just need to work 100+ hours a year on your properties and more than anyone else. That's less than 2 hours a week. We used this strategy to save over $1 million in taxes last year. The tax code rewards asset owners. Most people just never learn the rules. Comment TAX and I'll send you a full breakdown of how it works.
0:42
melefante6's profile picture

My wife quit her job and made us $1 million. Not in revenue. In tax savings. The IRS has a designation that lets a stay-at-home spouse use real estate depreciation to wipe out your entire W-2 tax bill. If you own a short-term rental, you don't even need that status… And you both can still work your W2 jobs... You just need to work 100+ hours a year on your properties and more than anyone else. That's less than 2 hours a week. We used this strategy to save over $1 million in taxes last year. The tax code rewards asset owners. Most people just never learn the rules. Comment TAX and I'll send you a full breakdown of how it works.

Michael Elefante

539,935 views • 1 month ago

After buying our first home at 25 we shockingly realized…
1:32
melefante6's profile picture

After buying our first home at 25 we shockingly realized…

Michael Elefante

2,602,416 views • 9 months ago

My wife & I own 9 Airbnbs that generate $1.5M/yr in revenue. Here's how we got here as a normal couple:
1:21
melefante6's profile picture

My wife & I own 9 Airbnbs that generate $1.5M/yr in revenue. Here's how we got here as a normal couple:

Michael Elefante

3,851,277 views • 1 year ago

Here's why buying a home at 25 was the worst decision of our lives:
1:06
melefante6's profile picture

Here's why buying a home at 25 was the worst decision of our lives:

Michael Elefante

2,569,217 views • 1 year ago

How the rich use debt to become even richer:
1:22
melefante6's profile picture

How the rich use debt to become even richer:

Michael Elefante

1,430,711 views • 1 year ago

The IRS has a designation called Real Estate Professional Status (REPS) If your spouse works 750+ hours a year in real estate and it's their primary occupation — they qualify. Once they do, the paper losses from depreciation on your properties can offset your W-2 income taxes directly. But if you own a short-term rental, the bar is even lower. It's called the STR Loophole — and both spouses can have full-time jobs and still qualify. You just need 100+ hours spent working on your property and more time than anyone else involved. That's 2 hours a week. My wife and I used this to save over $1M in taxes last year across our Airbnb portfolio. The tax code is working for you. You just have to know how to use it. Comment "bnb" and I'll send you some info on this exact strategy
0:36
melefante6's profile picture

The IRS has a designation called Real Estate Professional Status (REPS) If your spouse works 750+ hours a year in real estate and it's their primary occupation — they qualify. Once they do, the paper losses from depreciation on your properties can offset your W-2 income taxes directly. But if you own a short-term rental, the bar is even lower. It's called the STR Loophole — and both spouses can have full-time jobs and still qualify. You just need 100+ hours spent working on your property and more time than anyone else involved. That's 2 hours a week. My wife and I used this to save over $1M in taxes last year across our Airbnb portfolio. The tax code is working for you. You just have to know how to use it. Comment "bnb" and I'll send you some info on this exact strategy

Michael Elefante

86,096 views • 1 month ago

We invested $1.8M into this home & turned it into an Airbnb. Here’s how much we expected to make vs what we actually made:
1:13
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We invested $1.8M into this home & turned it into an Airbnb. Here’s how much we expected to make vs what we actually made:

Michael Elefante

882,933 views • 1 year ago

How my wife & I retired with 4 Airbnbs at 28:
1:29
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How my wife & I retired with 4 Airbnbs at 28:

Michael Elefante

146,098 views • 7 months ago

Having a stay-at-home wife can wipe out your entire tax bill 👇 Watch to see how it works... Comment the word "BONUS" and I'll send you a free breakdown of how anyone can do this 📊
0:37
melefante6's profile picture

Having a stay-at-home wife can wipe out your entire tax bill 👇 Watch to see how it works... Comment the word "BONUS" and I'll send you a free breakdown of how anyone can do this 📊

Michael Elefante

60,363 views • 2 months ago

Smart W-2 employees don't give up 30% of their income to the government because...
0:51
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Smart W-2 employees don't give up 30% of their income to the government because...

Michael Elefante

130,885 views • 8 months ago

POV: You bought 53 acres in the countryside to raise a family...
1:34
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POV: You bought 53 acres in the countryside to raise a family...

Michael Elefante

88,374 views • 5 months ago

Why millionaires NEVER own rentals under their own name:
0:40
melefante6's profile picture

Why millionaires NEVER own rentals under their own name:

Michael Elefante

79,172 views • 5 months ago

My wife & I own 9 Airbnbs that made $1.5M in revenue in 2024. If we had to start over today, here's the process we'd use:
1:02
melefante6's profile picture

My wife & I own 9 Airbnbs that made $1.5M in revenue in 2024. If we had to start over today, here's the process we'd use:

Michael Elefante

167,243 views • 1 year ago

How my wife & I retired before 30 with 4 Airbnbs:
1:23
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How my wife & I retired before 30 with 4 Airbnbs:

Michael Elefante

161,276 views • 1 year ago

The most expensive things my wife & I own as 32y/o millionaires:
1:04
melefante6's profile picture

The most expensive things my wife & I own as 32y/o millionaires:

Michael Elefante

142,383 views • 1 year ago

How my wife & I retired at 28 with 4 Airbnbs making $30k per month...
1:27
melefante6's profile picture

How my wife & I retired at 28 with 4 Airbnbs making $30k per month...

Michael Elefante

61,205 views • 5 months ago

The 3 different types of property owners:
1:01
melefante6's profile picture

The 3 different types of property owners:

Michael Elefante

46,209 views • 4 months ago