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NORMAL COUPLE WITH 15 AIRBNBS AT 33 DOING $3,000,000/YEAR GIVE AWAY THE EXACT PROCESS ANYONE CAN COPY
Michael Elefante
@melefante6
7 year ago, we were living the "American Dream"
Good salaries and benefits but zero freedom.
We had no time for eachother and we didn't want to spend the next 40 years living like that...
We've tried all the traditonal ways of building wealth.
Here's the strategy that worked and what didn't:
Michael Elefante
@melefante6
What does NOT work:
(Unless you want to retire at 65)
High yield savings account
-> 3-4% returns. Inflation eats it alive.
Index funds / 401k
-> Decent in the long-term. Little to zero cash flow. Limited tax leverage. Zero control.
Primary Home
-> We put 15% down on a $415K house in 2018. Not an asset. You're just living inside your greatest liability.
Michael Elefante
@melefante6
The route we chose:
Short term rentals.
Not because it's easy.
Because it gives us all 4 benefits at once.
• Cash flow (monthly income)
• Appreciation (forced + market)
• Tax Savings (100% bonus depreciation)
• Debt Paydwn (guests pay down the mortgage)
Here's how we did it:
Michael Elefante
@melefante6
Step 1.
Use strlQ & AirDNA to study market data & top performing Airbnbs in the area.
• Amenities
• Property type
• Location on the map
• Revenue potential & occupancy
Michael Elefante
@melefante6
Step 2.
Identify the purchase price ceiling:
Annual revenue of your comp set ÷ 0.20 = Max purchase price.
E.g. 3 bed 3 bath = $80K/year -> $400K max
Michael Elefante
@melefante6
Step 3.
Use strrealtorsearch.com to find a vetted realtor who knows market regulations.
Put 15-20% down with a conventional investment loan.
Or 10% via second home loan.
Michael Elefante
@melefante6
Step 4.
Invest in furniture, design, and amenities to stand out.
This is a must.
We use Somlerled Designs.
Michael Elefante
@melefante6
Step 5.
List it on Airbnb, VRBO, etc.
Use Price Labs to set up dynamic pricing based on supply/demand.
(helps maximize occupancy & cash flow)
Hospitable for calendar management/
automated guest messaging.
Michael Elefante
@melefante6
In only 7 years, this became 15 properties that bring in $3M+/year in revenue. ($60k-$100k+ in monthly net cash flow)
My wife and I are financially free and are stay at home parents to our two kids.
I teach this entire process.
If you want help finding a profitable Airbnb to invest in, DM me "BNB" and I'll reach out