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Diddy‘s home is underwhelming if you stroll in and defintely not price $60 million … this in accordance 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 provide for the rapper’s Holmby Hills mansion.
First off, Belmont says this can be a actual provide … 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 — properly underneath 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 suggestion a lot decrease than his asking … Bo says he would possibly — in any case, his firm was in a position to buy Kanye West‘s gutted Malibu mansion for practically $40 million much less than Ye initially wished.
Bo plans to stay to his weapons in any negotiation with Diddy, he tells us … ‘trigger if Diddy needs extra and comes again with a counter, his plan is to supply $27.5 million — taking cash off the desk as an alternative of piling extra on it.
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Price noting … Bo’s positive with the entire alleged actions that will have gone down in the home — explaining he plans to utterly redesign the inside so it seems and feels nothing like the present mansion.
We have spoken to different realtors previously about Diddy’s mansion BTW … and, they are saying two of the huge points with promoting the property are the asking value and the stigma — so feels like Belmont’s retaining each in thoughts.
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Diddy’s obtained an entire lot of authorized points to fret about … however, he’d higher act fast if he needs to promote — ‘trigger Bo’s provide might not final endlessly.
