Bo Belmont

Diddy’s Potential Home Buyer Unwilling To Budge On Lowball Offer

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Earlier this month, TMZ reported that Diddy was having a difficult time selling his Beverly Hills mansion, which went up for sale in September. According to the outlet, “only a few” potential buyers walked through the home, but most felt that it had an “ick factor” due to all of the disturbing allegations the mogul is currently facing. Moreover, Diddy is asking for $60 million for the property. This is over $20 million more than he paid for the home back in 2014. It’s since raised eyebrows among realtors.

Last week, Bo Belmont of Belwood Investments announced that he’d finally put in an offer. He’s only offering $30 million for the home, however. TMZ reports that Belmont plans on sticking to his guns when it comes to the price. In fact, he even vows to take money off the table if his initial offer is turned down. As for what Belmont plans to do with the property, he tells the outlet that he’d completely transform it so it looks and feels nothing like it did when Diddy was living there.

Read More: Dawn Richard’s Lawyer Alleges Singer Was “Absolutely Terrified” Of Diddy

Bo Belmont Insists Diddy’s Home Is Not Worth $60 Million

Diddy’s Potential Home Buyer Unwilling To Budge On Lowball Offer
Mar 27, 2022; Los Angeles, CA, USA; Sean “Diddy” Combs intoduces a tribute to “The Godfather” during the 94th Academy Awards at the Dolby Theatre. Robert Hanashiro / USA TODAY NETWORK via Imagn Images

If Belmont’s offer is accepted, it won’t be the first property he takes off a celebrity’s hands. Recently, he also purchased Kanye West’s former home in Malibu. The Chicago rapper had allegedly started transforming the property into a bomb shelter, but ultimately, never followed through with his plans. He sold it to Belmont and his company for $21 million in August, a whopping $36 million less than he originally purchased it for in 2021.

Following the sale, Belmont criticized the changes Ye had already made to the home, making it clear that he was not a fan. “That was a really d*mb move. Really no purpose,” he said in part at the time. “He single-handedly destroyed this architectural masterpiece. My goal is to make it as though Kanye was never there.”

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Diddy’s Beverly Hills Home Attracts $30M Offer From Buyer Of Kanye West’s Malibu Mansion

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Earlier this month, it was revealed that Diddy’s Beverly Hills mansion wasn’t budging, despite going up for sale in September. The Bad Boy mogul is currently facing a slew of serious and disturbing allegations and is behind bars awaiting trial. TMZ previously reported that this could explain why nobody was looking to purchase the 17K-square-foot property. Sources told the outlet that only a few potential buyers had done walk-throughs, and that nobody was really interested due to its “ick factor.”

Now, however, Bo Belmont of Belwood Investments has announced that he’s put in an offer. Reportedly, he’s offering $30 million, which is far below the asking price. Diddy’s looking to rake in a whopping $61.5 million, over $20 million more than he bought it for in 2014. Realtors have described that asking price as “ridiculous,” however, so it’s unclear whether or not Diddy would be willing to go any lower.

Read More: Diddy’s Beverly Hills Mansion Reportedly Not Selling Due To “Ick Factor”

Bo Belmont Puts In Offer On Diddy’s Beverly Hills Home Months After Buying Kanye West’s Malibu Home

This wouldn’t be the first celebrity home Belmont and his company acquired, as he also recently purchased Kanye West’s mansion in Malibu. Allegedly, Ye started to transform the home into a bomb shelter but never followed through before selling it. During an interview with The Los Angeles Times in September, Belmont criticized the renovations Ye had already made to the home, arguing that they were pointless and ruined the place.

“That was a really d*mb move. Really no purpose,” he claimed. “He single-handedly destroyed this architectural masterpiece. My goal is to make it as though Kanye was never there. The house will be restored right back to what it was. It would have required extensive review… There’s a process to it and he does things his own way, and the city of Malibu, they don’t care who you are they’ll hold you accountable.”

Read More: Kanye West Slammed By New Owner Of His Malibu Home For “Destroying” The “Architectural Masterpiece”

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