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  • knowaboutme

    he’s told us like 3 times in his raps that he’s got 500 Ms

    when

  • Apr 14, 2021
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    1 reply
    Banana Clip

    So rich people get mortgages on these mega mansions too? I feel like drake got the cash for this but I wonder how the finances work

    Not sure if mansions like this go up in value in a similar way to regular real estate, but in the short-term paying like 4% APR on a mortgage let's you keep that $78 million and invest it in stuff that can make a lot more than 4% in the long run

  • Banana Clip

    So rich people get mortgages on these mega mansions too? I feel like drake got the cash for this but I wonder how the finances work

    rich people almost always get a mortage. it's always better to finance an asset with debt than with equity / cash

  • AMG

    Not sure if mansions like this go up in value in a similar way to regular real estate, but in the short-term paying like 4% APR on a mortgage let's you keep that $78 million and invest it in stuff that can make a lot more than 4% in the long run

    yep exactly

  • Apr 14, 2021
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    edited

    When you go from to private villas from resorts

  • Apr 14, 2021
    kiddash3r

    I think i know thats why im asking

    I can't remember who did it but it's probably who you think it is.

  • Apr 14, 2021
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    1 reply
    Vietbrah

    So dope! Wonder what happens to the YOLO Estate now

    doubt he bought this. probably a rental for the night / event. the LA celebrity real estate writers are on top of every transaction. wouldn't be surprised if he gets a crib like this in LA down the line tho. YOLO probably feels like an apartment after the Embassy

  • Apr 14, 2021

    The lights in the pool reminding me of boy meets world tour

  • Apr 14, 2021
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    1 reply

    Design wise this is way better than his mansion imo, but it’s gotta be nice to have different vibes at all your houses

  • Apr 14, 2021

    Drake will be a billionaire in the next five years

  • Apr 14, 2021
    Banana Clip

    So rich people get mortgages on these mega mansions too? I feel like drake got the cash for this but I wonder how the finances work

    Better to be cash rich than house rich

  • Apr 14, 2021
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    1 reply

    what's the upkeep on some s*** like that lol

  • Apr 14, 2021
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    1 reply
    CLB PRADA

    Who do these mansions always have more bathrooms than bedrooms? 41,000 sqft is insane though

    10 bathrooms I can s*** all day nigga

  • Apr 14, 2021

    I been out in Bel Air like Will was

  • Apr 14, 2021
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    1 reply
    Vietbrah

    Forbes don’t know s*** tbh

    I think sometimes they ask for documents to get an accurate scope, but in Drakes case I don't think they ask, where as w the Kardashians they do

  • Apr 14, 2021
    SixGod
    · edited

    Imagine owning 2 properties worth 75+ million dollars each in 2 different countries. That’s actually insane

    Saudi level money tbh

  • Apr 14, 2021
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    1 reply

    hov and diddy want no problems with drake

    dude gon be the richest rapper ever

  • Apr 14, 2021

    this is what separates Drake from his peers in the same way that Jay separated himself

    gotta get the bag

    nahmean

  • Apr 14, 2021
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    1 reply
    notesfromphilo

    hov and diddy want no problems with drake

    dude gon be the richest rapper ever

    he has to get his investments up

  • Apr 14, 2021
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    1 reply
    thegreatdivine

    You remember that he bought his neighbor's property and another property next to that to round out the cul-de-sac? So now he has like 3 properties: the YOLO estate and the two houses close to it.

    My guess is that he ends up selling it since he rarely spends much time in LA to begin with and now he seems to have a whole new place. Makes no sense keeping 3 extra properties in the same city that he won't be using.

    I think his dad lives in one of those homes

  • Apr 14, 2021
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    1 reply
    knockknockwhoitis

    he has to get his investments up

    that's the thing

    we know that's coming

    but he's poised to make more from
    music than any rapper we've ever seen

    and the funny thing is,
    Russ is gonna be high
    on that list too

    they walked so we could run

    nahmean

  • Apr 14, 2021
    Banana Clip

    So rich people get mortgages on these mega mansions too? I feel like drake got the cash for this but I wonder how the finances work

    Probably since they can leverage their money in more lucrative ways like startups and stuff. No reason to tie so much money to an illiquid asset.

  • Ars

    I think his dad lives in one of those homes

    yeah, one is for his dad and the other is for the guys (chubbs, etc.). main house was getting a little crowded with everyone there.

    not sure if this bel air house is something he bought or just rented for the party or for a few months. leaning towards the latter bc hollywood real estate writers are on top of every transaction. also he rented a house in BH in 2017 or so when the YOLO was getting renovated. and he rented a house for his birthday last year for night 1 of the party

  • Apr 14, 2021
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    1 reply
    knockknockwhoitis

    doubt he bought this. probably a rental for the night / event. the LA celebrity real estate writers are on top of every transaction. wouldn't be surprised if he gets a crib like this in LA down the line tho. YOLO probably feels like an apartment after the Embassy

    People hating on the YOLO estate, the main estate has 130k sq ft of land, with the pool/grotto, basketball court, volleyball thing, mechanical bull, and a stable + the other 2 neighbors homes. That's a lot to swallow.

  • Apr 14, 2021
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    1 reply
    notesfromphilo

    that's the thing

    we know that's coming

    but he's poised to make more from
    music than any rapper we've ever seen

    and the funny thing is,
    Russ is gonna be high
    on that list too

    they walked so we could run

    nahmean

    is Russ independent? and yeah but Music isn't nearly as much as other assets. the richest rappers all got rich with companies that had nothing to do with music or were only a little related to music. Dr. Dre with Beats by Dre but that's really a hardware company. Diddy with Ciroc. Jay with D'Usse, RocaWear, etc. Nas is going crazy with VC (he's a pretty early Coinbase investor). Drake is going to have to go harder in that world. That's really Future the Prince's realm now tho