Kylie Jenner is racking up debt on her pricey Los Angeles properties. As TV Shows Ace previously reported, the Kardashians took out loans to fund their lavish lifestyle. They get a little help to purchase their new properties. Surprisingly, they didn’t buy them out directly.
The 25-year-old purchased new homes in L.A. Fans criticized her for her new Holmby Hills purchase. They want to know why the reality star is taking over the property. It’s been reported that Kylie has been paying for them with massive home loans. Keep on reading to learn more.
$80 million property portfolio
Kylie Jenner is amassing her property portfolio. It’s now worth $80 million. She wants to keep up with her famous family by owning as many properties in Los Angeles. The only way she can do that is by taking out home loans.
The Hulu star’s latest purchase is Holmby Hills, which is a 19,250-square-foot “resort compound.” It features a private guardhouse and four guest houses. Kylie Jenner purchased the home for $36.5 million. It also has a cinema, 14 bathrooms, a chef’s kitchen, and a swimming pool.
The U.S. Sun obtained her property records. Kylie didn’t purchase the home with her hard-earning money. Instead, she took out a $75 million mortgage on the property. The family isn’t afraid of taking out various home loans for their properties. Kylie has been doing the same as she continues to expand her neighborhood.
However, it’s common for the rich and elite to have mortgages. Kylie and her family go through trusts, which are connected to Lester Knispel and Lou Taylor. Fans are aware of the Kardashians’ shady connection to Lou, who used to be linked to Britney Spears and her conservatorship. Lou’s company, Tri Star Sports, denied the claims.
Kylie Jenner’s Los Angeles properties
The mom of two has many properties in the sprawling area. She’s also the owner of a $12.5 million mansion in Hidden Hills. All of her family has properties in the area. It features 11 bathrooms and eight bedrooms. To acquire it, Kylie Jenner borrowed a $6 million loan from JP Morgan Chase bank.
She purchased the pad in 2016 in a trust that was connected to both Lou and Lester. In addition, Kylie Jenner purchased another home in Beverly Hills with her ex-boyfriend Travis Scott for $13.45 million in October 2018. She took out a $2.75 million home loan from First Tennessee Bank National Association.
However, the former couple has been living separately. Even long before they split in late 2022. This makes fans wonder why Kylie Jenner bought it in the first place. What are your thoughts on Kylie racking up debt on her expensive Los Angeles properties? Sound off below in the comment section.
Check back with TV Shows Ace for more news on Kylie Jenner.
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