Investor offering Diddy $30 million for House says it’s not worth $60 million

Diddy‘s house is disappointing when you walk in and certainly not worth $60 million… this according to the investor who says he is offering half the asking price.

We have caught up Bo Belmont — founder and owner of real estate firm Belwood Investments — in Los Angeles on Friday … and we had to ask him if he has a An offer of $30 million in front of the rapper’s mansion in Holmby Hills.

First off, Belmont says this is a real offer… and tells us his company has emailed the listing agent for the property, even though they haven’t heard back yet.

Belmont says his company offered $30 million – well below Diddy’s $62 million asking price – because when he saw the property, he wasn’t overwhelmed… because he felt it didn’t meet his $60 million expectation .

As for whether Diddy will accept an offer that’s that much lower than his asking… Bo says he might – after all, his company could Kanye West‘s gutted Malibu mansion for almost $40 million less than you originally wanted.

Bo plans to stand his ground in any negotiation with Diddy, he tells us… because if Diddy wants more and comes back with a rebuttal, his plan is to offer $27.5 million – taking money off the table instead of piling up even more. on top.

Worth noting… Bo is fine with any alleged activity that may have taken place in the house. He explains that he plans to completely redesign the interior so that it looks nothing like the current mansion.

We’ve talked to other real estate agents in the past about Diddy’s mansion… and they say two of the big problems Selling the property is about asking price and stigma – so it seems Belmont is keeping both in mind.