Tax Exemption for 1 year - Good or bad idea?

[Mikell Elliott]

I currently work a full time job and plan to begin investing in real estate this year. A real estate investor from a certain real estate investment group (which charges $20,000 for a mentor lol) told me to go exempt from taxes and get an LLC ASAP so I could have access to all the money I need.

I went exempt at the beginning of the year. Will I have to pay all of the taxes back next year or are there ways around this once I purchase my first investment property this year? 

[Paul Allen]

Assuming you get paid 24 times per year:

If your tax bill for the year is $4,800, then you're fine. The $200 you're having withheld covers it.

If your tax bill for the year is $10,000, then you're going to owe $5,200 plus a penalty for under withholding.