Jim mentioned that it isn't their job to investigate why a Lieutenant would own three properties.
Maybe the man is a business genius, right? Perhaps he bought stocks in some tech company.
But Xiu Nuo knew that owning three properties in the United States wasn't really a big deal.
The real challenge was keeping those three properties indefinitely.
Buying a property means you're purchasing the land as well, permanently—which sounds great, doesn't it?
But think about it—where are you? Does it sound realistic to you?
The reality is, even though you've obtained permanent property, the premise is that you have to pay taxes every year.
California's rate isn't high, around one percent annually, but next door in Texas, it can spike to three percent.
This tax is also calculated based on the property's annual valuation, not the price you paid when you bought it.
That means if property prices rise and your income doesn't, that sounds like a sad story.
What if you don't pay?
