Mike Tyson spends almost his entire Jake Paul purse on a mansion.....

[IceTrayDaGang]

I dont know whats wrong with you guys, you don't lose on Real Estate its an investment that increases in value he hasn't lost any money.

hellz no!! not a $13mil mansion. tyson will lose money when it's time to sell it.

[IceTrayDaGang]

I dont know whats wrong with you guys, you don't lose on Real Estate its an investment that increases in value he hasn't lost any money.

the mansion tyson bought was originally going for $17 mil while it was still under construction... tyson ended up getting it for $13 mil...

[nixxter]

I doubt Tyson got just $15M for the fight, it reportedly did crazy numbers on Netflix. His actual purse is probably more like 3x that.

And he did not buy this mansion for himself, he bought it for his family, and I doubt it was a decision taken by him alone.

[GhostofDempsey]

Doesn't he make a good deal of money from his weed business? I don't see why any celeb needs a $13M mansion, but to each their own. I imagine the upkeep and taxes for a mansion like that costs hundreds of thousands each year, hopefully he doesn't go broke again and enjoys his life of luxury that he earned.

[Roadblock]

hellz no!! not a $13mil mansion. tyson will lose money when it's time to sell it.

You cannot lose money because you only sell when prices are high, Ive bought and sold10 properties if you buy at the right price in the right market and sell when the market is high you always gain sometimes a little other times a lot, I bought this run down licensed boarding kennel pre covid for 350k , spent a 100k on it and had it valued recently at 900k , although Im not selling this place will be worth over a mill in a year or two, not a bad profit I must say and when Im gone my kids will get a good leg up in life.

[Floyd is TBE]

Let the man enjoy life. He took a dive for that money. He’s earned some happiness.

[IceTrayDaGang]

You cannot lose money because you only sell when prices are high, Ive bought and sold10 properties if you buy at the right price in the right market and sell when the market is high you always gain sometimes a little other times a lot, I bought this run down licensed boarding kennel pre covid for 350k , spent a 100k on it and had it valued recently at 900k , although Im not selling this place will be worth over a mill in a year or two, not a bad profit I must say and when Im gone my kids will get a good leg up in life.

"you only sell when the prices are high"??? so if you cant afford to maintain the property, you can just keep living in that big mansion? LOL

you bought and sold property in the price range that regular folks can afford. you didnt go out and purchase a $13 mil mansion and flip it. let's see how that goes for you.

i already said you can make a profit if you purchase property of lower value then fix it up and sell it for more... but you cant really do that to a $13 mil mansion.

bottom line, that $13 mil mansion will not hold value unless Mike was to pass away or something. but if mike ends up broke and need to sell the mansion a few years from now, he's gonna lose money on it.