I’m no financial genius, but I think it’s unwise to spend $100 million on property, if you’re not generating the level of income necessary to keep it. Most of the rich people, who buy large properties, tend to use them to generate more wealth to pay for themselves.
Unless he has some master plan in mind, he’ll be broke in 5 years.
Unless he has some master plan in mind, he’ll be broke in 5 years.
I agree. I’m no financial genius, but I think I have learned a few things over the years. What’s this guy gonna pay in taxes and upkeep? Stupid.