South London rapper Krept hits the right notes as a property entrepreneur!
Fresh from releasing the official anthem for England’s Euro campaign, south London rapper Krept is busy building a business empire out of his earnings from music by adding property to the ‘mix’.
The star, who is one half of the MOBO award-winning hip-hop duo Krept & Konan, has just completed a shrewd move in the market after buying a house for just £43,000.
He snapped up the rundown property in Liverpool at auction and immediately set about converting it into a house share.
Five months later he is looking forward to picking up a tidy sum from his investment and an ongoing passive income.
He spent a total of £75,000 on the house which is now fully tenanted and bringing in £1,150 in rent per month, leaving him with a healthy profit.
Not only is the musician quids in, he expects to get back all of his money by taking out a mortgage based on the new value of the three-bedroom house near Liverpool Football Club in Anfield.
Krept explained: “By refurbishing it, I’ve pushed the value up which means I’m set to pull out all my money to reinvest in another property. So effectively it’s a free house. Even with a mortgage of £250 a month and other expenses I will get a good return.”
The celebrity already has his own record label, Play Dirty, and has teamed up in other business ventures with his singing partner who co-wrote England’s Euro football song, Olé (We Are England).
Both men received the British Empire Medal for their services to music and the community of Croydon
Now Krept, whose real name is Casyo Johnson, is looking to broaden his horizons even further as he seeks to cement his success both on and off the stage.
The 31-year-old, who became a father for the first time last year, says he is always looking for new challenges in life.
“That makes me want to get up and do so many different things. I’m always for expanding and doing something else, like property and business. I don’t think you should spread yourself too thinly, but I do feel there is always room to grow and elevate yourself.”
Krept credits well-known property developer Samuel Leeds for helping him to pull off the lucrative deal.
Leeds purchased his first house when he was 17 and went on to become a property millionaire by the age of 21.
He also runs a training firm which teaches people how to become financially independent through investing creatively in the housing market.
The performer turned to the multi-millionaire founder of Property Investors for advice after watching his videos on YouTube.
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