Replies

well it's a horror to the government who would like to TAX your savings :)

I have gone from nearly nothing to a multimillionaire in the last 12 years and haven't really paid all that much in Federal taxes during that time. This is because I made all my money in real estate and put every spare dime into purchasing additional properties. Even when I sell a property I just roll the profits into the next one, avoiding taxation... I can also use the equity that I've built up as collateral to purchase additional units negating the need to sell to get needed cash.

During all these years I've rarely had much more than it would take to pay my property taxes in the bank at any one time... so by the way the government figures it, I have saved little to nothing in the past 12 years!