But the risks should be examined.Kiyosaki has built a real estate empire comprising hotels and 15,000 rental properties by borrowing $1.2 billion — a strategy that has allowed him to make a lot of money and pay no taxes (4).In fact, it’s appealing enough that Elefante’s family isn’t the only one employing this strategy. Robert Kiyosaki, the famed author and personal finance commentator, has claimed that he’s a “billionaire in debt.”Elefante and his wife leveraged debt to buy income-producing assets and crea ...