He spent 10M in renovations a decade ago , and lost 800-900k equity yearly due to maintenance and overhead.. Which is why he was asking for 18M to recover loses.How did he take a loss? He paid 4 million and made 8. What am I missing?
50 Cent finally sells his Connecticut mansion
- Thread starter Olu Dara
- Start date
Works well for Kendrick Lamar!!
Lol nikka talkn about yearly feees and upkeep.brought for 4. put in 8 mill on top... so in theory spent 12 million, plus 75k a month on prop taxes and the upkeep... brought the house in 2003 X 75k a month, 12 months to a year. 900K per year loss... X 2003-2016 = 13 years... = $11,700,000 LOSS... and thats just the yearly fees....
I guess if I buy a car and sell it, I should factor in the cost that I bought that car + gas + insurance I paid on it too huh?
Kendrick a nerd. 50 a goon that had REAL street beef, not jus some dusty 20 year olds who live with their baby mama making threats on youtube
ORDER_66
I am The Wrench in all your plans....
Lol nikka talkn about yearly feees and upkeep.
I guess if I buy a car and sell it, I should factor in the cost that I bought that car + gas + insurance I paid on it too huh?
If you buy a 1.5 million dollar bugatti, and sell it like 5 years later your not gonna get 1.5 million dollars for that bytch you dumbass...
Real estate market fluctuates and in conneticut he took a loss...
and he was paying sky high property taxes yearly and upkeep, he took a hard L...
Why do you care? you're brokeIf you buy a 1.5 million dollar bugatti, and sell it like 5 years later your not gonna get 1.5 million dollars for that bytch you dumbass...
Real estate market fluctuates and in conneticut he took a loss...
Definition of a smart dumb nikka. He got in at a time when HipHop was becoming POP and the endorsement deals etc were rolling in. But not all businesses are wise ventures. Ask any number of athletes who have seen more $ than 50 Cent and gone flat broke.
ORDER_66
I am The Wrench in all your plans....
You deflecting sonofabytch...
So what I'm broke I know this If I had his money and resources I wouldnt be in financial troubles like him because he cant stop doing dumb shyt to harm his financials... oh how the mighty has fallen...
Canada Goose
Pooping on your head :umad:
I doubt a mansion in NY Tri State Area, ATL or LA (Most black celebrities live in those three cities) costs 500K breh... I could understand if you said he should just move to a fancy apartment building in a nice part of Manhattan or something...
Rayzah
I'm Everywhere you ain't never there
I only read the quoted part I assumed that was the whole article@ u talking about nikkas can't read and the same fukking article u didn't read or comprehend states he put an additional 6 mill atleast into the home
So yes he did loose a lot of money
artleast the taxes won't kill him since he spent so much on it. He could also flip that into another house that could make some money down the line 
Also I know how this place goes these dudes ain't read the art
He probably still delay the pay to Ross baby mama...
Up keep and maintence fees is considered a loss
