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Post by Just lurking on Sept 11, 2017 15:00:26 GMT
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Post by boysluvbey on Sept 11, 2017 16:18:50 GMT
There definitely was a purchase as transaction documents don't lie it's just interesting he has to take out a second mortgage to pay for another home. I foresee him going into some type of foreclosure, someone will snag that apartment for a steal in about a year or two. Tell me which page indicates Shawn carter bought the home or anything connected to him. Looks like arnell wife bought it. |
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Post by boysluvbey on Sept 11, 2017 16:19:36 GMT
I'm waiting on documents in California to surface too, I doubt he bought it. He's a broke bum... |
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Post by Smoke n mirrorz on Sept 11, 2017 17:04:30 GMT
There definitely was a purchase as transaction documents don't lie it's just interesting he has to take out a second mortgage to pay for another home. I foresee him going into some type of foreclosure, someone will snag that apartment for a steal in about a year or two. Tell me which page indicates Shawn carter bought the home or anything connected to him. Looks like arnell wife bought it. The first document was from august if this year. This is the sale document from 04. Jay signed his legal name on here. a836-acris.nyc.gov/DS/DocumentSearch/DocumentImageView?doc_id=2004100600834002 |
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Post by coupedegrace on Sept 11, 2017 18:53:14 GMT
9/10 that is exactly what he did. If anyone read the document in detail that property is now considered a second home (hence a second home rider being signed). That $20M no doubt went towards the purchase of their pr price inflated home. |
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Post by boysluvbey on Sept 12, 2017 1:09:04 GMT
9/10 that is exactly what he did. If anyone read the document in detail that property is now considered a second home (hence a second home rider being signed). That $20M no doubt went towards the purchase of their pr price inflated home. That's risky, those come with an adjustable rate, how can they explain their eviction when the rates skyrocket after the dollar/housing market crashes and burns 😩 Oh I seen the signature. |
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Post by boysluvbey on Sept 12, 2017 1:11:36 GMT
Damn I honestly think the arnells did him a favor and got him that house for plugging that Motorola 2 way pager in his hit song. He probably received that house as payment. Anyway let's continue to dig into their finances. I enjoy scouring the web to prove they're broke. |
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Post by coupedegrace on Sept 12, 2017 1:36:58 GMT
9/10 that is exactly what he did. If anyone read the document in detail that property is now considered a second home (hence a second home rider being signed). That $20M no doubt went towards the purchase of their pr price inflated home. That's risky, those come with an adjustable rate, how can they explain their eviction when the rates skyrocket after the dollar/housing market crashes and burns 😩 Oh I seen the signature. An adjustable rate rider was signed on this mortgage as well |
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Post by coupedegrace on Sept 12, 2017 1:40:52 GMT
Damn I honestly think the arnells did him a favor and got him that house for plugging that Motorola 2 way pager in his hit song. He probably received that house as payment. Anyway let's continue to dig into their finances. I enjoy scouring the web to prove they're broke. Very plausible. But this just further exposes them to not be as wealthy as they portray themselves to be. A real billionaire could easily pay cash for their real estate and even if they were to get a mortgage (a là Zuckerberg mortgaging his home) they would get a low rate. Borrowing against one home to pay for another is not the same as borrowing against stock in a company or shares in a portfolio. |
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Post by Just lurking on Sept 13, 2017 2:47:10 GMT
If he were smart he would've just sold the Tribeca apartment. No real use having real estate like that when you're never in town to use it and can't rent it out. The taxes alone have to be over $100k annually. However very telling that he took out a second mortage to purchase the new home rather than tap into his many other viable "Billionaire Resources". I want to know more about why the are hardly here in NYC anymore; is it bc of the mistresses primarily being here? is he dodging someone NY-based in the industry? what is it?
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Post by boysluvbey on Sept 13, 2017 4:09:53 GMT
If he were smart he would've just sold the Tribeca apartment. No real use having real estate like that when you're never in town to use it and can't rent it out. The taxes alone have to be over $100k annually. However very telling that he took out a second mortage to purchase the new home rather than tap into his many other viable "Billionaire Resources". I want to know more about why the are hardly here in NYC anymore; is it bc of the mistresses primarily being here? is he dodging someone NY-based in the industry? what is it? Sis! Yassss After all that rapping and touring all over the world it's their only liquid asset that's valuable enough to borrow against and it has the arnells written all over it.. didn't even acquire it off their own hard work, broke azzes... |
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Post by Just lurking on Sept 13, 2017 13:14:41 GMT
If he were smart he would've just sold the Tribeca apartment. No real use having real estate like that when you're never in town to use it and can't rent it out. The taxes alone have to be over $100k annually. However very telling that he took out a second mortage to purchase the new home rather than tap into his many other viable "Billionaire Resources". I want to know more about why the are hardly here in NYC anymore; is it bc of the mistresses primarily being here? is he dodging someone NY-based in the industry? what is it? Sis! Yassss After all that rapping and touring all over the world <b>it's their only liquid asset that's valuable enough to borrow against</b>and it has the arnells written all over it.. didn't even acquire it off their own hard work, broke azzes... wow you just exposed the tea. That's honestly what I was thinking |
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Post by Just lurking on Sept 13, 2017 13:16:39 GMT
it's their only liquid asset that's valuable enough to borrow against and it has the arnells written all over it.. didn't even acquire it off their own hard work, broke azzes... wow you just exposed the tea. That's honestly what I was thinking ^^^ I was trying to bold the text but I guess it doesn't work on a phone |
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Post by coupedegrace on Sept 14, 2017 12:30:08 GMT
wow you just exposed the tea. That's honestly what I was thinking ^^^ I was trying to bold the text but I guess it doesn't work on a phone Exactly. Which is why I can see that place being foreclosed on or sold quietly in the near future. People talking about how it was a smart move when literal ny billionaires pay all cash for their co-op apts(mind you NYC co-op boards are notorious for having a thorough vetting process). Before the years over the tours and scrambling will start to stay afloat on mortgage and tax payments amongst other costs they've racked up faking this higher echelon of wealth. |
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Post by coupedegrace on Sept 14, 2017 13:08:24 GMT
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Post by Guest*** on Sept 14, 2017 13:19:30 GMT
It amazing how most long time Hollywood peeps and other very wealthy people buy homes in California for 15 - 30 millions and these 2 fools need a house for 100 million. Lmaooo. Well, at least we know her stans are mollified.
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Post by coupedegrace on Sept 14, 2017 13:26:58 GMT
It amazing how most long time Hollywood peeps and other very wealthy people buy homes in California for 15 - 30 millions and these 2 fools need a house for 100 million. Lmaooo. Well, at least we know her stans are mollified. Her braindead stans believe anything these two put out |
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Post by Guest on Sept 14, 2017 16:11:24 GMT
Why wasn't their talent enough
Maybe because it has been overblown
Their brand RELIES on this imaginary wealth as proof of their self styled standing as the best/baddest etc without that they are nothing more than lewd liars
The same way they cling to Sony paid critics acclaim
They have pr and marketed their way to their unrightful throne as musically they are trash so have no place at the top of music anything
Billionaires they are not probably not even millionaires more like indebtionaires
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Post by nicki on Sept 14, 2017 16:41:54 GMT
You guys are some super sleuths. So they don't own the Tribeca place after all or is this another NY apartment?
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Post by coupedegrace on Sept 14, 2017 17:09:45 GMT
You guys are some super sleuths. So they don't own the Tribeca place after all or is this another NY apartment? The Tribeca place |
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Post by boysluvbey on Sept 14, 2017 22:47:59 GMT
You guys are some super sleuths. So they don't own the Tribeca place after all or is this another NY apartment? From what I see, mrs arnell is the owner and Shawn carter is simply on the deed. Hell, even I'm on my mom and dad's deed back when I was a minor. I'm not a real estate broker or guru but that punk appears to only be on the deed and mrs arnell used a power of attorney and purchased the apartment for him. Any real estate literate ppl that troll into this thread please clarify, at this point I'm sticking with Shawn being a troll on the deed and mrs arnell bought it |
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Post by coupedegrace on Sept 15, 2017 1:02:05 GMT
You guys are some super sleuths. So they don't own the Tribeca place after all or is this another NY apartment? From what I see, mrs arnell is the owner and Shawn carter is simply on the deed. Hell, even I'm on my mom and dad's deed back when I was a minor. I'm not a real estate broker or guru but that punk appears to only be on the deed and mrs arnell used a power of attorney and purchased the apartment for him. Any real estate literate ppl that troll into this thread please clarify, at this point I'm sticking with Shawn being a troll on the deed and mrs arnell bought it Yep, a purchase-money mortgage was used What is 'Purchase-Money Mortgage' A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. A purchase-money mortgage can be used in situations where the buyer is assuming the seller's mortgage, and the difference between the balance on the assumed mortgage and the sales price of the property is made up with seller financing. BREAKING DOWN 'Purchase-Money Mortgage' Rather than obtaining a mortgage through a bank, the buyer provides the seller with a down payment and gives a financing instrument as evidence of the loan. The security instrument is typically recorded in public records, protecting both parties from future disputes. Whether the property has an existing mortgage is relevant only if the lender accelerates the loan upon sale due an alienation clause. If the seller has clear title, the buyer and seller agree on an interest rate, monthly payment and loan term. The buyer pays the seller for the seller’s equity on an installment basis. Types of Purchase-Money Mortgages Land contracts do not pass legal title to the buyer but give the buyer equitable title. The buyer makes payments to the seller for a set time period. After the final payment or a refinance, the buyer receives the deed. Read more: Purchase-Money Mortgage www.investopedia.com/terms/p/purchase-money_mortgage.asp#ixzz4shlpsKlx |
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Post by boysluvbey on Sept 15, 2017 3:04:23 GMT
From what I see, mrs arnell is the owner and Shawn carter is simply on the deed. Hell, even I'm on my mom and dad's deed back when I was a minor. I'm not a real estate broker or guru but that punk appears to only be on the deed and mrs arnell used a power of attorney and purchased the apartment for him. Any real estate literate ppl that troll into this thread please clarify, at this point I'm sticking with Shawn being a troll on the deed and mrs arnell bought it Yep, a purchase-money mortgage was used What is 'Purchase-Money Mortgage' A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. A purchase-money mortgage can be used in situations where the buyer is assuming the seller's mortgage, and the difference between the balance on the assumed mortgage and the sales price of the property is made up with seller financing. BREAKING DOWN 'Purchase-Money Mortgage' Rather than obtaining a mortgage through a bank, the buyer provides the seller with a down payment and gives a financing instrument as evidence of the loan. The security instrument is typically recorded in public records, protecting both parties from future disputes. Whether the property has an existing mortgage is relevant only if the lender accelerates the loan upon sale due an alienation clause. If the seller has clear title, the buyer and seller agree on an interest rate, monthly payment and loan term. The buyer pays the seller for the seller’s equity on an installment basis. Types of Purchase-Money Mortgages Land contracts do not pass legal title to the buyer but give the buyer equitable title. The buyer makes payments to the seller for a set time period. After the final payment or a refinance, the buyer receives the deed. Read more: Purchase-Money Mortgage www.investopedia.com/terms/p/purchase-money_mortgage.asp#ixzz4shlpsKlx Omgggg this blog is soooo bomb this thread hella lit! We figured it out y'all! Bammm!!! I knew one of y'all would figure out exactly what it was!! Even more proof he's broke!!!! So in good terms which I know so well, that rich azz mr. Arnell was a marketing dude for Motorola 2 way pagers, he got jayz to plug his product in his song in exchange for some real estate, mr arnell was looking to plug his new product and high tail it out of manhattan so he wouldn't take a bath in that property. Poor litttle jayz took the real estate , mr arnell was too rich and busy to do all that legal mess so he got his wife to handle jayz hence the POA/PA under her signature. Jayz got that purchase money mortgage and got his PR people to put it out there as if he's so rich. I'm not even shocked, lol good work everyone! |
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Post by nicki on Sept 16, 2017 6:17:22 GMT
Yep, a purchase-money mortgage was used What is 'Purchase-Money Mortgage' A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. A purchase-money mortgage can be used in situations where the buyer is assuming the seller's mortgage, and the difference between the balance on the assumed mortgage and the sales price of the property is made up with seller financing. BREAKING DOWN 'Purchase-Money Mortgage' Rather than obtaining a mortgage through a bank, the buyer provides the seller with a down payment and gives a financing instrument as evidence of the loan. The security instrument is typically recorded in public records, protecting both parties from future disputes. Whether the property has an existing mortgage is relevant only if the lender accelerates the loan upon sale due an alienation clause. If the seller has clear title, the buyer and seller agree on an interest rate, monthly payment and loan term. The buyer pays the seller for the seller’s equity on an installment basis. Types of Purchase-Money Mortgages Land contracts do not pass legal title to the buyer but give the buyer equitable title. The buyer makes payments to the seller for a set time period. After the final payment or a refinance, the buyer receives the deed. Read more: Purchase-Money Mortgage www.investopedia.com/terms/p/purchase-money_mortgage.asp#ixzz4shlpsKlx Omgggg this blog is soooo bomb this thread hella lit! We figured it out y'all! Bammm!!! I knew one of y'all would figure out exactly what it was!! Even more proof he's broke!!!! So in good terms which I know so well, that rich azz mr. Arnell was a marketing dude for Motorola 2 way pagers, he got jayz to plug his product in his song in exchange for some real estate, mr arnell was looking to plug his new product and high tail it out of manhattan so he wouldn't take a bath in that property. Poor litttle jayz took the real estate , mr arnell was too rich and busy to do all that legal mess so he got his wife to handle jayz hence the POA/PA under her signature. Jayz got that purchase money mortgage and got his PR people to put it out there as if he's so rich. I'm not even shocked, lol good work everyone! I agree. You and coupedegrace have provided a wealth of insight into the Carters finances. I can only imagine how crazy Kanye and Rihanna's finances are. Kanye's label appears to be independent of Roc Nation but Rihanna's label is a different story. |
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Post by InDUSTry on Sept 16, 2017 13:32:33 GMT
How convenient they show up in NYC for Rihanna's event after months of inactivity in the city. She's back posting those garage pics again lol
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Post by boysluvbey on Sept 17, 2017 0:09:10 GMT
Omgggg this blog is soooo bomb this thread hella lit! We figured it out y'all! Bammm!!! I knew one of y'all would figure out exactly what it was!! Even more proof he's broke!!!! So in good terms which I know so well, that rich azz mr. Arnell was a marketing dude for Motorola 2 way pagers, he got jayz to plug his product in his song in exchange for some real estate, mr arnell was looking to plug his new product and high tail it out of manhattan so he wouldn't take a bath in that property. Poor litttle jayz took the real estate , mr arnell was too rich and busy to do all that legal mess so he got his wife to handle jayz hence the POA/PA under her signature. Jayz got that purchase money mortgage and got his PR people to put it out there as if he's so rich. I'm not even shocked, lol good work everyone! I agree. You and coupedegrace have provided a wealth of insight into the Carters finances. I can only imagine how crazy Kanye and Rihanna's finances are. Kanye's label appears to be independent of Roc Nation but Rihanna's label is a different story. What do u know about rih label sis spill? Lol! I know it's westbury road and roc nation is her manager but that's only my assumption without googling facts. I appreciate everything, it was fun I'd love to find more financial records. We should keep this thread going and post anything financial in here regarding them |
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Post by Bey-gone on Sept 17, 2017 2:18:49 GMT
Thanks to everyone who added on, contributed to and/or gave actual facts to this thread. Not only did it satisfied my curiosity/nosiness...I actually learned a thing or two. Lol. This also makes me feel as if this is a way for others to own you and leave you indebted to them. More than likely these two will have to work until their last days.
I just looked at a few pics of the Carter's attending Rihanna's ball and Bey looks like she's been going through it. I know she has 3 kids but each kid has more than one Nanny, so her looking worn down b/c of the babies doesn't seem likely at all.
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Post by coupedegrace on Sept 17, 2017 6:16:05 GMT
Thanks to everyone who added on, contributed to and/or gave actual facts to this thread. Not only did it satisfied my curiosity/nosiness...I actually learned a thing or two. Lol. This also makes me feel as if this is a way for others to own you and leave you indebted to them. More than likely these two will have to work until their last days. I just looked at a few pics of the Carter's attending Rihanna's ball and Bey looks like she's been going through it. I know she has 3 kids but each kid has more than one Nanny, so her looking worn down b/c of the babies doesn't seem likely at all. It's really sad in the grand scheme. All that flossing for the public when in reality nothing they have is truly theirs to keep. |
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Post by nicki on Sept 17, 2017 14:07:15 GMT
I agree. You and coupedegrace have provided a wealth of insight into the Carters finances. I can only imagine how crazy Kanye and Rihanna's finances are. Kanye's label appears to be independent of Roc Nation but Rihanna's label is a different story. What do u know about rih label sis spill? Lol! I know it's westbury road and roc nation is her manager but that's only my assumption without googling facts. I appreciate everything, it was fun I'd love to find more financial records. We should keep this thread going and post anything financial in here regarding them That's just it, there isn't much info out there about her label. I'm not very good at research but you would think an album label that has been in existence since '05 would have a fully functional and informative website. I found nothing but some overhyped press release. Her fans say she is distributing through Roc Nation which doesn't make sense because Roc Nation distributes through UMG(I think). So why go through Roc Nation for distribution? This smells of some Carter smoke and mirrors type of deal. I know Rhianna has fans around here but she is a graduate from the Shawn Carter school of faking it and never making it. I had hoped to see her break away from her mentor but I suspect he will always have his grubby hands in her pockets. |
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Post by coupedegrace on Sept 17, 2017 14:12:38 GMT
What do u know about rih label sis spill? Lol! I know it's westbury road and roc nation is her manager but that's only my assumption without googling facts. I appreciate everything, it was fun I'd love to find more financial records. We should keep this thread going and post anything financial in here regarding them That's just it, there isn't much info out there about her label. I'm not very good at research but you would think an album label that has been in existence since '05 would have a fully functional and informative website. I found nothing but some overhyped press release. Her fans say she is distributing through Roc Nation which doesn't make sense because Roc Nation distributes through UMG(I think).  So why go through Roc Nation for distribution? This smells of some Carter smoke and mirrors type of deal. I know Rhianna has fans around here but she is a graduate from the Shawn Carter school of faking it and never making it. I had hoped to see her break away from her mentor but I suspect he will always have his grubby hands in her pockets. Hopefully he isn't reaping any benefits of Fenty Beauty product$ |
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