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Diddy‘s home is underwhelming whenever you stroll in and defintely not value $60 million … this in line with the investor who says he is providing half the asking value.
We caught up with Bo Belmont — founder and proprietor of actual property firm Belwood Investments — out in Los Angeles Friday … and, we needed to ask him about placing in a $30 million supply for the rapper’s Holmby Hills mansion.
First off, Belmont says it is a actual supply … telling us his firm has emailed the itemizing agent for the property — although they have not heard again but.
Belmont says his firm provided $30 million — effectively beneath Diddy’s asking value of $62 million — as a result of when he noticed the property he was underwhelmed … feeling it did not meet his $60 million expectation.
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As for whether or not Diddy will settle for a proposal a lot decrease than his asking … Bo says he would possibly — in any case, his firm was capable of buy Kanye West‘s gutted Malibu mansion for practically $40 million much less than Ye initially needed.
Bo plans to stay to his weapons in any negotiation with Diddy, he tells us … ‘trigger if Diddy desires extra and comes again with a counter, his plan is to supply $27.5 million — taking cash off the desk as a substitute of piling extra on it.
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Value noting … Bo’s effective with all the alleged actions that will have gone down in the home — explaining he plans to fully redesign the inside so it appears to be like and feels nothing like the present mansion.
We have spoken to different realtors prior to now about Diddy’s mansion BTW … and, they are saying two of the massive points with promoting the property are the asking value and the stigma — so seems like Belmont’s retaining each in thoughts.
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Diddy’s acquired a complete lot of authorized points to fret about … however, he’d higher act fast if he desires to promote — ‘trigger Bo’s supply could not final without end.
