If anyone thought Jim Bob Duggar was starting to run out of money four years after Counting On was canceled, think again – he recently made a major real estate deal. According to The Sun, Jim Bob purchased a large commercial property for a whopping $1 million, and now, it sounds like he could be making bank by charging rent to the new business using the space.
This week, the outlet reported that Jim Bob bought the property using one of his business LLCs back in April. The building, which was once a furniture warehouse, spans 11,000 square feet and is located in the oversized family’s hometown of Springdale, Arkansas.
It didn’t take long for the business to open after Jim Bob took ownership. But instead of selling furniture, it’s now a discount store called The Flying Hog, which celebrated its grand opening on May 31. The store promises to offer items such as “brand name diapers, Tide Pods, chip boxes, shoes, Redbull, C4, Coke and so so much more” at a fraction of their typical retail cost. Sounds like something the Duggars would have loved when they were in the thick of raising their kids years ago!
The Sun also noted that Jim Bob does not own the actual business that is using the space, but because it hasn’t been sold, it appears it’s earning him a good amount in rent each month. Before Jim Bob purchased it, it was up for rent for $11,333 per month, so if the dad of 19 is charging the tenants anywhere near that, he should have no problem recouping his investment (and then some) after the next few years.
That week in April was a big real estate week for Jim Bob. That’s also when he dropped another $1 million on a six-bedroom home that sits on 10 acres – a mansion that fans have speculated may be for his daughter-in-law, Anna Duggar, to live in with her seven children while her husband, Josh, continues to serve out his prison sentence in Texas.
Given that his reality TV career ended years ago and that Jim Bob was rumored to have footed the bill for Josh’s legal fees, it wouldn’t have been surprising if the well was starting to run dry for the Duggar parents.
But now, it seems like that’s not the case, so maybe his previous real estate deals have been more than enough to keep the big family afloat.
