Diddy‘s home is underwhelming once you stroll in and defintely not price $60 million … this in keeping with the investor who says he is providing half the asking value.

We caught up with Bo Belmont — founder and proprietor of actual property firm Belwood Investments — out in Los Angeles Friday … and, we needed to ask him about placing in a $30 million provide for the rapper’s Holmby Hills mansion.

First off, Belmont says this can be a actual provide … telling us his firm has emailed the itemizing agent for the property — although they have not heard again but.

Belmont says his firm supplied $30 million — effectively below Diddy’s asking value of $62 million — as a result of when he noticed the property he was underwhelmed … feeling it did not meet his $60 million expectation.

As for whether or not Diddy will settle for a proposal a lot decrease than his asking … Bo says he would possibly — in any case, his firm was capable of buy Kanye West‘s gutted Malibu mansion for almost $40 million much less than Ye initially wished.

Bo plans to stay to his weapons in any negotiation with Diddy, he tells us … ‘trigger if Diddy needs extra and comes again with a counter, his plan is to supply $27.5 million — taking cash off the desk as a substitute of piling extra on it.

Price noting … Bo’s wonderful with all the alleged actions that will have gone down in the home — explaining he plans to utterly redesign the inside so it seems and feels nothing like the present mansion.

We have spoken to different realtors previously about Diddy’s mansion BTW … and, they are saying two of the large points with promoting the property are the asking value and the stigma — so feels like Belmont’s conserving each in thoughts.