It looks like Phil is unloading his house in Las Vegas, which is in pre-foreclosure.
https://twitter.com/phil_hellmuth/st...83010440437761
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It looks like Phil is unloading his house in Las Vegas, which is in pre-foreclosure.
https://twitter.com/phil_hellmuth/st...83010440437761
wait, wait, wait...
am I mistaken or is mr. Hellmuth unable to afford the payments on a $350-400K house? if I am not mistaken then jesus Christ how the mighty have fallen...
Clearly there's not nearly as much money in poker as there used to be.
Can't believe that house with a pool at a country club is worth only $325K per Zillow. If I had time and wanted to risk travelling right now I'd seriously consider taking a look.
I think Phil isn't planning to go to Vegas any time soon because of the corona.
In fact it's possible his doctor wife told him to quit playing live poker.
I don't understand the pre-foreclosure thing. Could be a mistake, or perhaps an oversight on his part. Kinda hard to believe he's busto, given all of his endorsement power, the huge $ he made on UB, and the salary his wife takes in, but who knows....
So that was a shitty 1600 sf house I saw on espn 15 years ago lol.
use to be a realtor. that pre-forclosure status on these online sites usually doesn't mean very much at all.
in fact. druff should do some research and do a piece on public auction scams involving the housing sector. there's a bunch of shady shit going on.
$430k for that unrenovated dump? Vegas is nuts.
That's a fairly unimpressive house for someone of Hellmuth's stature (even if that's his secondary home).
I'm guessing the only reason he's putting it on social media is that he thinks it will increase the chances it sells during what is otherwise a bad market (for obvious reasons).
Also, the $430k he's asking for is overpriced, but he's probably hoping some idiot fanboy will want Phil Hellmuth's house.
I'm also guessing the house has become a headache for Hellmuth. It's not like he grinds cash in Vegas anymore (even before the pandemic). He's had it for years, dating back when he was in Vegas way more.
Now he's 55 years old, he may not play live poker again for a long time, and he's probably in Vegas for the WSOP and not much else. Maintaining a house is also a hassle if you're not there very often.
Not sure why he bought such a cheap house in the first place, though. You'd think he'd have wanted better. Maybe his wife didn't want them sinking much money into something they'd only use part time (and he'd often just be in himself when he did).
Maybe he had some losses in the stock market and it can offset any capital gains on the house?
Checking out the tax assessment...
Owned by Poker Studs LLC....haha what a douche
Built in 1974
1684 sf
Tax value = $187k
Phil sold it to his LLC in 2006....probably a rental now?
Interestingly, despite his money, fame, and self-centeredness, there are zero stories or rumors of Phil cheating on his wife when he's in Vegas.
Like not even a whisper of it. By all accounts, he's always been faithful to her. You hear rumors (often true ones) about a lot of these other married poker guys, but never Hellmuth.
I guess that's why he had the toilet paper roll sitting next to his bed.
He seems frugal which is smart
Cali house is nice but not ostentatious
https://www.youtube.com/watch?v=1rSZRzrMAKc
Never mind....$30k rug.....wtf?
Why would someone pay $430,000 for a house that zillow says is only worth $325,000?
It's a con. Phil Hellmuth Jr. thinks he can find a stupid poker fan boy who will buy it because he believes that Phil is the greatest poker player in the world.
The home is in the Las Vegas country club.
However it's not very desirable to live in that neighborhood anymore.
If Phil Hellmuth had any integrity left, he would've retired from poker nine years ago on April 15th 2011 black friday.
https://pnimg.net/w/articles/4/5c3/3d688dc676.jpg
The fact that he has expensive wine just standing up in his basement...not even on their sides shows he’s a bit of a dipshit.
I mean the guy never really played higher cash games that much. He just does everything he can to get attention at the table and presumably his name out there for more stakes. Plays tournaments because of all the free equity he gets from being backed. We just assume he is some smart guy that did well with all the money he made. The only reason we think that is because he's played so many tourneys. The only reason he's played so many tourneys are his antics and chasing sponsorship money.
We just assume he made good decisions elsewhere, but who know? Seems like a guy who could lose his ass in the stock market.
He knows that if he does cheat there's a very good chance, because of his name, that the chick will blackmail him
Because it's not 1975.
https://www.youtube.com/watch?v=jFPV16f182w
in many cases zillow can't be used as an accurate price point
given that his audience are primarily poker players, he would be an absolute fucking idiot not to set the price at 30%+ estimated value.
In the '60s through '80s, it was a big deal to live in either a country club or one of those higher-end apartment complexes with a doorman. That showed you were somebody.
These symbols of status started to fade in importance in the '90s and beyond.
If you visit Dodger Stadium, which was built in the early 60s, you'll notice that there's a weird but small "club level" across the entire stadium, complete with a "stadium club" in the corner of it. That was all part of that same school of thought. They later converted a lot of that to suites, but some of those fail club seats still remain.
I get that, but is there anything wrong with the place?
I'm asking because I'd like to get a small place in a safe neighborhood fairly close to the strip that I can use when I'm there and also let friends or business associates use it when they're there. It doesn't have to be a house but I don't want one of those managed places where you pay huge fees to the management company. Someone advised me that was a good area to look.
I'm not buying that place from Hellmuth because it looks like crap. But I'm happy to take anyone's suggestions.
The Markup Police will have a field day with this one.