Cardi B and her husband Offset just made a land ownership move for dirt cheap. Deets on their big purchase and more inside...
Offset was more than serious when he opened up about investing in properties in Atlanta. He talked about it during his interview with Power 105's "The Breakfast Club." And now, they're putting their money where their mouth is.
According to the Dail Mail (who has pics of the homes they bought), the Hip Hop couple just copped half a street in Jonesboro, GA - a suburb 25 minutes from Atlanta - for $201,840 which includes five houses and a plot of land. Five houses for $200K?! OK, it's time for us to move.
The homes they bought still have
people living in them, and it's unclear if they'll be landlords,
investors and fixing up the homes, or put the residents out and turn
these homes into their own flippable properties. It's also possible
they're working on 1 big mansion.
The couple also dropped $48,080 for a plot of land a few streets over in the deal.
It's unclear the reasons Cardi and Offset bought the houses and land for exactly. What is clear, though, is that the couple isn't wasting any time building their real estate empire in the "A."
According to Clayton County property records, Offset, 27, is listed as the main buyer under his real name Kiari Cephus, while Cardi B, 26, is listed as an “additional buyer” under her real name, Belcalis Almánzar.
Jeff Dimock, the president of JMH Ventures, revealed he didn't find out who the buyers were until after they closed the deal.
“The closing attorney was familiar with their names and remarked upon it," he said. "I had not spoken to them and only dealt with their agents. I don’t know for sure but could have bought this as an investment as it is in the suburban Atlanta area and areas like this are experiencing growth.”While Bardi is making money moves, she pulled out of an upcoming performance.
The "Money" rapper canceled her headlining gig at Barcelona’s Primavera Sound festival, reportedly “due to promotional commitments in the United States.” Miley Cyrus has been tapped to take her spot and will headline the festival on May 31st. For fans who aren't checking for Miley, the festival is offering fans a refund for that day.
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