Tito Ortiz puts Big Bear camp on market for 1.7 mil

 

When Tito Ortiz questioned whether Stephan Bonnar belonged alongside him in the UFC Hall of Fame, 'The American Psycho' responded by calling out 'The People's Champ' .

"We all know Tito is broke," said Bonnar. "We all know Jenna took his money. His punishment clothing, the only people I see wearing that are homeless people. His management company ***laughs*** he's not banking any money there. So I'm going to help the poor guy get paid."

At the Bellator PPV press conference, Ortiz was asked to respond to the rumor that he is broke and fighting because he needs the paycheck. Text via CagePotato.

Reporter: “How do you feed your children or your family?”
Tito: *silence*
Reporter: “Well, yeah, you gotta get paid.”
Tito: “OK, well, mysthethatsthe…that’s really not a problem, my kids are going to get paid either way. I was smart enough to save my money. I mean, I invest. And the biggest thing that you can invest that some people, they don’t make much of, it’s called land. And I own a lot of it.”

Now Ortiz has put some of that land on the market - the spectacular training camp that he bought from Oscar De La Hoya for $2,100,000 in 2007.

Location: 739 Northstar Drive
Price: $1,795,000
Size: 2 buildings, 5 beds, 6 baths, 7,162 sq. ft.

MMA fighter and former UFC light-heavyweight champion Tito Ortiz has put his Big Bear training compound on the market. The homey looking property includes two buildings and features an octagon for totally busting your friend's face open with a kick or well placed elbow. After a healthy beat down, relax in the indoor hot tub. Ortiz purchased the home in 2007 from Oscar de la Hoya who converted the home's four car garage into a gym with steam room. According to Redfin, the home first came on to the market in April 2011 for $2.5 million.


To buy the camp, click HERE to contact broker Mark Sobczyk.
If you just want to rent the camp for a week, click HERE. Rates vary from $300 to $2,300 per night.

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Recent Comments »

ophusker site profile image  

8/9/13 12:18 PM by ophusker

The cabin may be selling for $1.8 million but I"m guessing he owes something on it. I think people are speculating he's broke because he's coming back to fight again against a close friend and he's selling this house in a down market. Not to mention he's been broke in the past and had to come back to fighting after leaving the UFC for awhile. Also Dana speculated he was broke and he probably knows more about his finances then any of us.

Ninja Tea Party site profile image  

8/8/13 9:32 AM by Ninja Tea Party

Yeah, assuming he's no longer training there then he may want to simply pay for other things with the money or invest it elsewhere. He MAY be broke, I don't know I'm not his accountant, but nothing from the link suggests he is. He's selling a cabin worth more than most of us. I wish I was "broke" if that's what broke means.

Ninja Tea Party site profile image  

8/8/13 9:30 AM by Ninja Tea Party

Well part of this is contextual. My own money and assets are distributed amongst stocks and savings (so several different bank accounts). One of the bank accounts is the one I use for every day stuff like going out, buying food etc. You can catch me towards the end of the month and ask if I want to go for drinks and a meal and I may say "nah, I'm broke at the moment". In reality I can easily afford it but within the context of how I manage my finances then “I’m broke”, because I’ve used up the portion of money that I have budgeted for those particular expenses. I also have a credit card which I use to buy things online (because all online purchases are automatically insured by my credit card company) so not only may I not be able to go out on a given day but I may be X amount in debt too, technically (since using the credit card is effectively taking out a loan). My net worth though is always positive, I’ve never actually been in debt my entire life. I’m not even wealthy.Wealthy people (say someone earning $1million+ a year) don’t have Scroodge McDuck style money vaults where they swim in all their millions. Having large amounts of money just sat in your bank account in the form of cash (or even worse in the actual form of cash in your house) is not an optimal way to manage your money. Property is an obvious way, and generally you’re trying to make a profit. Tito’s Cabin may as well just be money sitting in a savings account, so unless he has debts over the value of the house then Tito is as broke as someone with $1 million in the bank*. Is someone with $1 million in the bank “broke as fuck”? Basically, when Tito’s assets are less than his debts then he will be broke as fuck. Until then he’s a millionaire.*I know it’s not the same as he still has to sell it, but it’s reasonable to say that if he HAD to he could probably sell it straight away for a $1 million so even if he is “making a loss” he’s still got $1 million.

WoodenPupa site profile image  

8/7/13 11:21 PM by WoodenPupa

The pics don't do it justice, and the color saturation is probably too heavy on my monitor. But yeah, that sort of pad + location, it's awesome. I'm not far from Tahoe and that's just the sort of property you see everywhere up there. Idyllic, but expensive.

UGCTT croy_00 site profile image  

8/7/13 10:51 PM by UGCTT croy_00

I would say neither. You have enough equity to sell off some of your possession's if you own a $2 million dollar house and two luxury cars.Growing up my Dad would turn to me and say we don't have food for dinner, and we would go fishing. Not for fun, but to put food on my mother and sisters plate for dinner. That's poor.

roperninja site profile image  

8/7/13 10:31 PM by roperninja

If you can dodge a wrench you can dodge a ball

time traveling 12er site profile image  

8/7/13 6:08 PM by time traveling 12er

I doubt he's actually broke. I think part of the idea comes from the comment that Dana White made about him, which is that Tito was always a guy that said he was going to retire from fighting early and live off of his other ventures. Tito wasn't one of those guys that just loved fighting and wanted to do it till his arms fell off. If he's coming back to fight it's because he needs the money. Doesn't necessarily mean he's broke, for all we know he just wants to expand his gym or something.

cheesesteak site profile image  

8/7/13 2:38 PM by cheesesteak

The place is sweet, and I'd love a home like that. but I agree, I would strip that all down to it's natural wood and put on a couple of clear coats.

cheesesteak site profile image  

8/7/13 2:36 PM by cheesesteak

I agree with you Ninja. The most logical answer to why Tito is selling this place is simply he doesn't have much use for it. Why not sell and make some money...Whether he is rich, poor, middleclass...makes no difference...We all like money .

HaMMerHouseFAN site profile image  

8/7/13 9:46 AM by HaMMerHouseFAN

Broke can be a funny concept. Is someone has absolutely no debt and 100k in the bank but drives a ten year old car and lives in a 150k home, are they broke? What if you live in a 2 million dollar house, and have a Bentley and a Rolls Royce but you live paycheck to paycheck and you aren't getting the oil changed in one of your cars because the Dow Jones did bad this week (you have no money in the bank until payday this Friday). Who is rich and who is broke?