Investor Offering Diddy $30 Million For House Says It Isn't Worth $60 Million

TMZ

Diddy's house is underwhelming when you walk in and defintely not worth $60 million ... this according to the investor who says he's offering half the asking price.

Transcript

00:00I was at one of P. Diddy's freak-offs.

00:03Freak-offs.

00:04You saw celebrities there that you recognized.

00:07Mm-hmm.

00:08It was a rapper that we all know.

00:10Straight-up porn directed by Diddy.

00:13I'm just grateful to have made it out.

00:17So you just bought Kanye's house.

00:19I did.

00:20And now you want to buy Diddy's home.

00:22I mean, a lot of people are going to wonder,

00:23why would you want to buy Diddy's home?

00:26Well, for one, the price has to be right.

00:28Okay, so that's why we offered $30 million.

00:30But the home was a little underwhelming.

00:32When I went inside,

00:33it really wasn't reaching that $60 million expectation

00:37that buyers want.

00:38So I saw room for improvement,

00:40and I saw room for my company to do well.

00:42Oh, okay.

00:43I mean, so did you actually put a $30 million offer on it,

00:47or did you just say it like public?

00:49No, the offer is in.

00:51It's in the listing agent's inbox.

00:53We haven't got a response yet.

00:55They're going to go to the Diddy camp and see what they say,

00:57but it's for real a $30 million offer.

01:00I mean, do you think that they'll accept the $30 million offer?

01:03I mean, being that it's less than asking.

01:05Well, Kanye accepted $21 million

01:08when I offered $39 million less than what he was expecting.

01:11If Diddy doesn't accept the $30 million offer,

01:14is that your final offer,

01:16or how much are you willing to go to negotiate?

01:19So if he doesn't accept my $30 million offer,

01:21then my offer actually goes down to $27.5 million.

01:24Oh, okay.

01:26And you're standing on that?

01:28I'm standing on that.

01:29I'm a firm negotiator, and if they don't accept it,

01:31then we go down from there.

01:32We don't go up.

01:33Does it bother you that maybe some of the freak-off parties

01:37might have happened in the home?

01:39May have happened.

01:40I'm pretty sure they did happen.

01:42However, that's the whole premise of this project

01:44is to change the stigma, get in there,

01:46and completely change the whole interior.

01:48That way a buyer that they come in,

01:50they'll see the previous pictures, they'll see what it was,

01:52and they'll see what I've transformed it into.

01:54Okay, so do you think you're going to need a whole lot of sage

01:57to sage the energy in the house?

01:59I know, I've been getting a lot of comments about that.

02:01A lot of people sending me pictures of huge bundles of sage,

02:04saying, hey, do you want this for the house?

02:06And I think there's some aspect to that,

02:08but what we do is we completely transform the whole interior of the home

02:12so you really don't have the whole ditty vibe,

02:15the whole previous aura of it.

02:17It's going to be completely new and up to today's standards

02:21for a $60 million buyer to feel comfortable buying.

02:24♪

Category

Transcript

Recommended