50 Cent finally sells his Connecticut mansion
- Thread starter Olu Dara
- Start date
Rollo Goodlove
Palestine Titty
One for everyday of the week then two more for no reason9 kitchens
Rollo Goodlove
Palestine Titty
Who wanna in Georgia tho it's a reason them houses be so cheap
can't include half the renovations and the upkeep costs for the time he actually lived in it though.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....
if my math is correct, he originally bought it for 4M, but spent an additional 3M on upgrades, spent 70k a month to maintain for past 8 years... and now sold it for 8M
that means he lost 11.5M on the house
that means he lost 11.5M on the house
ORDER_66
I am The Wrench in all your plans....
if my math is correct, he originally bought it for 4M, but spent an additional 3M on upgrades, spent 70k a month to maintain for past 8 years... and now sold it for 8M
that means he lost 11.5M on the house
that was the estimate I gave....
ORDER_66
I am The Wrench in all your plans....
Alot of people live in Georgia...
That's a great place to move especially if you got money
As if you have experience copping mansions
...he did not drop $4m cash. That 75k a month probably included mortgage.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....
Coli real estate agents now
DaddyFresh
Superstar
if my math is correct, he originally bought it for 4M, but spent an additional 3M on upgrades, spent 70k a month to maintain for past 8 years... and now sold it for 8M
that means he lost 11.5M on the hous
Dont forget to add all the food made in the kitchen. probably lik 14 million. And then if you add all the Gunit parties we looking at 20 million in Losses
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?
That's why a car is a liability(and its value automatically decreases once you purchase it). You always take an L on it in the long term.
ORDER_66
I am The Wrench in all your plans....
...he did not drop $4m cash. That 75k a month probably included mortgage.
Coli real estate agents now
He initially brought the house for $4M.....
in 2003
ORDER_66
I am The Wrench in all your plans....
As if you have experience copping mansions
No but I know conneticut has real estate problems and buying a mansion out there is a not good idea...
You don't buy this kind of real estate cash. Just, no. Especially not when at that time he could have used that $4M to manufacture more G Unit merch and flip it faster.He initially brought the house for $4M.....
