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

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.

When 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!

Honestly that is just crazy, I know that when you have a lot of money you can do whatever you want to do and making smart decisions with your money is not a priority anymore because it really doesn’t matter but why didn’t he buy instead of lease. It is well know that leasing something is not as good as buying but that’s another story.

I 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.

However if you can’t qualify for a loan in this market doing a lease to own deal on a house may be the only way you can buy a house. For example if you were to lease to own a house in Jackson ms right now you may be able to make some really good deals because there is a bunch of real estate for sale in this market right now.

Lease to own is good but make sure you work with a trustworthy person and put everything on paper.

write now it is a buyers market out there but in a couple years the market may turn and you want to make sure your price is locked in.

I am sorry that Micheal Jackson is gone but, there are some things you just don’t want to follow for superstars. In this case don’t follow his example and try to gain ownership anytime you are spending money. Unless you are a King and you have it to waste.