Reported about 13 hours ago
Michael Elefante and his wife have taken a daring approach to financial independence by purchasing 12 Airbnb properties, leading to $12 million in debt. Despite the significant risk, they claim to earn between $50,000 and $100,000 a month from short-term rentals, allowing them a luxurious lifestyle filled with travel and family time. However, their story highlights the potential challenges and unpredictability of relying on the Airbnb market, questioning whether this financial strategy is sustainable for the average person.
Source: YAHOO