Actor Nicolas Cage seems to be in trouble with some of his real estate investments and may be losing a New Orleans property that some folks believe is haunted.
Since Nicolas is one of my all time most fav actors, I’ll go easy on him, but should he have really bought the infamous LaLaurie House?
It is said that every La Laurie homeowner has had some really bad kind of trouble after moving into the house.
But that doesn’t exactly explain Nicolas’ troubles with the IRS.
The New York Post is reporting he owes the IRS $6.6 million. Some commentators are blaming it on his real estate buying spree which he went on a few years ago, while the market was at its peak. Others think there was a manager problem.
Could the LaLaurie House be the real culprit?
What is interesting here is something I learned a long time ago while attending a real estate seminar in Atlanta.
One of our teachers pointed out that a popular star of that time was losing a home to foreclosure in the Atlanta area. I couldn’t believe it but I was a lot younger then.
Good real estate investing still involves the basics. Buy lower- sell higher.