I WAS going to say you’d be setting yourself up for a large tax bill on that $200k, assuming investment.

He claims he put 10,000,000 down and has an FPL bill of about 9,000/m for his 4 stories and yacht.

And as you diversify, remember the power of your network.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

You could easily be $100k in for water/gas/power/sewer if you’re talking 4+ lots. 

Are they still collecting rent and taking money that way, or are they billing you? 

However, just because I don't agree with it doesn't mean I am in favor of the Government being given additional power to enforce additional laws and restrictions that infringe upon our freedom.

After closing, when the property taxes were due I never received any bill.

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