When it comes to real estate, business acumen, and interior decor, Ozzy and Sharon Osbourne have my admiration. Not only are their properties flawless in appearance, they use them as cash generators.
According to one of my favorite blogs, Mr. and Mrs. Osbourne purchased this 4,500 square foot, 5 bedroom, 5 bathroom beachfront property in Malibu, California for $5,100,000 in March of 2003. Today, they rent it out for several months during the summer at $40,000 per month.
This is what separates those who are successful from those who can’t hold onto money, like former NBA stars. You must keep cash rolling in the door and the cash you generate must exceed the cash going out by a considerable margin each year after paying taxes. It is simple but that doesn’t mean it’s easy. Here, the Osbournes are having their cake and eating it, too.
But, then again, I’ve been in love with their real estate since seeing Ozzy’s closet on MTV Cribs several years ago. That, and knowing Sharon’s business acumen and I was won over even though my personal music taste runs to singer / songwriters instead of heavy metal and, to be honest, I don’t think I’ve ever heard a single one of Ozzy’s songs. Still, it’s so refreshing to watch people do things well.
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