Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

No additional statement was made that it would be at their expense.

Those are the biggest expense.  

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

Its dashboard is so cluttered, it hard to see who has paid and who hasn't.

This leaves room for profit and covers unexpected expenses after fixing the property.

I have hundreds of comments on my Facebook page from people who paid for this what I would call a scam and it is awful.

If you can't find a property that cash flows with real underwriting numbers, 8-10% vacancy, 8-10% property managment (whether you do it yourself or hire someone, you still need to account for that time/expense) then don't buy it.  

And the housing stock in Miami is older and so much more expensive for what you get in comparison to new construction in Cape Coral.

You can also write off expenses such as property management, insurance, repairs, etc.