TK Kirkland on Diddy Taking $100M 2nd Mortgage on His Homes to Allegedly Pay for Lawyers (Part 10)

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Published 2024-05-10
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Diddy is alleged to have taken a $100M second mortgage on his homes to prepare for legal defense following the FBI raid on his properties. TK Kirkland recalled his past interactions with Diddy as hosting some of the best parties in the 90s. However, he now views it as "the downfall of one of the greats." As well as the apparent mortgage, Diddy has sold his network Revolt, which Vlad suggests again points towards raising funds for legal costs. Kirkland and Vlad go on to discuss the mechanics of equity and loans, with Vlad explaining that a person can take a loan against the value of their home, essentially becoming a second mortgage.

All Comments (21)
  • @titohelper3569
    A GOOD LAWYER KNOWS THE LAW...... A GREAT LAWYER KNOWS THE JUDGE..... FACTS🫡
  • @chuck9380
    TQ - I study finance TQ - Explain what equity mean
  • @cf4921
    When trying to talk smart but dumb at the same time 😂😂😂
  • @M-zw2zf
    Diddy did not take a ''$100M 2nd Mortgage''. He has taken 8 separate mortgages, totalling $100M, first one in 2003 and last one in 2021.
  • @DBates-nr4ec
    TK trying to educate people on real estate when he didn't even know what equity meant is funny
  • @mol3214
    Casually calling a party a “freak off” is nasty work
  • @nickhachi
    "I study finance" "what's equity?" 😂
  • @HD-TV96
    Man how he get this far without knowing what equity is
  • @JonSerrato
    Lawyers, pay-offs, backup money for an escape plan ..
  • @xeropunt5749
    arrest people for having seggs? what did he exactly do? if you don’t like somebody, stop engaging with them.
  • @realitsgaz
    Vlad just had to tell us he owns his house outright and that it’s worth a few mill 😂
  • @malymal5720
    For TK to always feel the need to say he’s 65 and so wise to not know what equity is says a lot😂🤣😂
  • @Iamkentdavis
    TK- Equity is if you buy a house for $300K, and 2 years later your house is now valued at $500k. That means you can now take out a loan for the $200k, but will still have to pay that back. Now if you decide to sell the house that you paid $300k for and the value after 2 years is $500K, now the $200k is your profit and you do not have to pay that back.
  • @davidthomas8113
    As a mortgage broker. At 100 million typically the max loan amount is 60% to 75 % of the value. However the owner retains ownership (the deed) of the property.