YO GOTTI Has Acquired a Los Angeles Mansion for $ 100k more to $ 7.6 M form the Asking Price
According to Dirt, Yo Gotti has purchased a residential property in Westlake Village, Los Angeles, CA for $7.6 M which is $100k more than the quoted price. The property is located in a serene and tranquil environment surrounded by trees and overlooking golf greens. The 10,110 square foot lavish property has six bedrooms with ensuite bathrooms for each. On top of that, the home has a granite topped island in the kitchen and a complete gaming area, a customized bar in the living room and a fire place in the master bedroom.
The single-story palatial residence was originally meant for Bruce Kanter, who was the former Chief Financial Officer in the Westwood One radio network. He had lived in the Mansion for 20 Years since its construction before selling it to YO Gotti who surprisingly added $100k on top of the quoted price. The mansion is built in a guard gated Community that provides home for who is who in L.A including Disney CEO Bob Chapek, NFL star Cooper Kupp and Wrestling Superstar The Miz.
Yo Gotti justified the high spending on the lavish Westlake Village Mansion by saying that the Mansion was in high demand and he wanted to make sure that it doesn’t slip-off his hands to a higher bidder. During an earlier 2020 interview with Yahoo Finance, he expressed his interest and passion to invest in Real Estate and the passion to customize and fix old properties to regain a reasonable market value.
The artist is also an Entrepreneur and a member of the CMG Music group and recording label. He explained, “Real estate was one of the first things I was doing, I kinda’ like mistakenly fell into that. He claimed to have bought himself a house earlier in his career to safe guard his uncertain future incase anything went wrong. However, since he purchased the house, he never got to live there and so he was renting out and that inspired him to buy more houses as his careers flourished and he was making more money from concerts and performances.
Yo Gotti claimed to have no background or education in Real Estate but he accidentally found himself in after purchasing several properties and doing minor fixing and customization which fetched him unexpected profits. It is since then than he decided to venture big time into Real Estate business.
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