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Michael Elefante

@melefante6 • 22,377 subscribers

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

Shorts

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...

41,889 просмотров

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"

24,852 просмотров

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

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

Michael Elefante

7,247,631 просмотров • 1 год назад

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

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

Michael Elefante

4,652,365 просмотров • 11 месяцев назад

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

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

Michael Elefante

3,549,905 просмотров • 1 год назад

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

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

3,851,664 просмотров • 1 год назад

After buying our first home at 25 we shockingly realized…

After buying our first home at 25 we shockingly realized…

Michael Elefante

2,602,960 просмотров • 11 месяцев назад

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

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

Michael Elefante

2,569,217 просмотров • 1 год назад

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.

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

540,408 просмотров • 3 месяцев назад

How the rich use debt to become even richer:

How the rich use debt to become even richer:

Michael Elefante

1,430,711 просмотров • 1 год назад

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:

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 просмотров • 1 год назад

I genuinely thought I’d made it. But after years in corporate sales I was burnt out, barely saw my wife, and realized a nice salary doesn’t mean much if you’re miserable 40-60 hours a week. So we bought a house in Nashville for $495k and put it on Airbnb. That decision changed our lives forever. Today we own 14 rentals and get to be stay at home parents for our 2 kids. If you’re stuck in a job that drains you, use your income to build a way out. Don’t just save for retirement and hope it gets better. It’s definitely not easy. But I’d do it again if I had to. If you want to learn how to acquire your first Airbnb, DM me "START"

I genuinely thought I’d made it. But after years in corporate sales I was burnt out, barely saw my wife, and realized a nice salary doesn’t mean much if you’re miserable 40-60 hours a week. So we bought a house in Nashville for $495k and put it on Airbnb. That decision changed our lives forever. Today we own 14 rentals and get to be stay at home parents for our 2 kids. If you’re stuck in a job that drains you, use your income to build a way out. Don’t just save for retirement and hope it gets better. It’s definitely not easy. But I’d do it again if I had to. If you want to learn how to acquire your first Airbnb, DM me "START"

Michael Elefante

77,150 просмотров • 1 месяц назад

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

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

86,286 просмотров • 2 месяцев назад

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

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

Michael Elefante

146,098 просмотров • 8 месяцев назад

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

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

Michael Elefante

130,894 просмотров • 9 месяцев назад

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:

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 просмотров • 1 год назад

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 📊

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

60,408 просмотров • 4 месяцев назад

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

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

Michael Elefante

88,374 просмотров • 7 месяцев назад

Why millionaires NEVER own rentals under their own name:

Why millionaires NEVER own rentals under their own name:

Michael Elefante

79,172 просмотров • 6 месяцев назад

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

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

Michael Elefante

61,217 просмотров • 6 месяцев назад