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Micheal Jackson Was Leaseing Real Estate For 100k A Month Before He Died

07.16.2009 · Posted in Home and Garden Articles

The King of Pop is gone, we have certainly lost a legend, and since I am a huge fan I started doing some searches online to find out a little more about the Kings life and came across an article talking about Micheal Jackson’s Real Estate, which naturally caught my attention because I make my living wholesaling real estate.nnWhen I started searching for Micheal Jackson’s real estate I was surprised to find out that he was leasing a mansion for one hundred thousand a month. Wow!nnI thought to myself, holy smokes, I can’t believe someone would lease something for 100k why not just buy or at the very least do a lease to own so that some of the payment could go toward buying the property. Of course when you make as much money as Micheal Jackson I am sure it really doesn’t matter but still it seems like a huge waste of money when he could have been gaining an asset for his empire.nnI understand that there may be more to the decision that I know or could read about in the article, for instance he may have increased his income by going there or he may have been building one his self and just wanted a place to stay, I am not sure. For the avg American leasing is not the best alternative to pursue.nnIf you you can qualify for financeing in this crazy real estate market lease with option to buy may be a good deal but not just straight lease. Always try to be gaining ownership when you are spending money. That is the smart way to do real estate. For instance if you were to lease a house in my area in Jackson MS I would think it would really be a mistake because it is a buyers market and you can get sellers to do all kinds of deals right now.nnif you do decide to go the Lease to Own route make sure you are working with a owner who is reputable and will follow through with what ever deal is made on the front end and be sure to get everything in writing.nnin a buyers market you can get sellers to do just about anything with creative real estate deals but you want to make sure if the market turns you are not working with some one that will craw fish on the deal once values go up.nnI hate that the king is gone but Please be wise when leasing real estate. I would recommend doing a lease to own where a portion of the payment is at least applied to down payment for your home. unless you can fork over 100k a month with no problem Like Micheal Jackson. Then I have to say I probably wouldn’t care either.

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