Housely
House flipping — buying properties, fixing them up, and then reselling for a higher price — has been a route to wealth for many people. The best players in the game are flush with cash, which is why it’s no surprise that a long list of stars have tried their hand at house flipping. Real estate is usually a smart investment, and some celebrities have made more money buying and selling houses than they have in their careers in entertainment.
Here are 20 celebrities who are expert house flippers.
1. Michael Strahan
Renovating houses is one of Michael Strahan’s hobbies, and the superstar media personality and former pro athlete is particularly fond of properties with an interesting history. Strahan has been flipping houses for years, and he’s made millions doing so. When he put the Brentwood mansion that he used to share with former fiancee Nicole Murphy up for sale in 2014, Michael Strahan listed it for $23 million — he paid just $16 million for the house. He also made a nice profit after selling his Tribeca apartment in 2013. One of Michael’s best deals was the $3 million that he made from flipping a rundown house in Bel Air just a year after buying the property.
http://www.dailymail.co.uk/tvshowbiz/article-2822189/Michael-Strahan-make-millions-pocket-listing-LA-mansion-23m-split-fiancee-Nicole-Murphy.html
http://www.trulia.com/blog/celebrity-homes/michael-strahan-new-york-home/
2. Jennie Garth
Actress Jennie Garth became so adept at house flipping and renovation that she landed her own show on HGTV, The Jennie Garth Project. The ten episode reality special focused on Garth revamping her Hollywood Hills home from the studs. The beautiful mid-century house isn’t the only property that Garth has worked on, and her main motivation when house flipping is to bring worn down homes to their former glory. For Jennie Garth, flipping is more about having fun than turning a profit.
3. Brad Blumenthal
Actor Brad Blumenthal is a prolific real estate investor who has flipped nearly 20 homes since the 1990s. In 2013, he listed a particularly expensive Hollywood Hills estate with just about every luxury amenity that one could imagine. His asking price was $28.9 million. There’s no word on what Blumenthal paid for the house, but there’s no doubt that this pro turned a good profit. His key to success is only buying properties that he’s sure he can easily sell, and Blumenthal claims he hasn’t come close to losing money on any of his real estate investments.
http://articles.latimes.com/2013/jul/09/business/la-fi-hotprop-brad-blumenthal-20130709
http://www.newsmax.com/Finance/StreetTalk/flipping-homes-profit-Los-Angeles/2013/10/18/id/531861/
4. Diane Keaton
Diane Keaton has been a star on the big screen for decades, and she’s also a savvy house flipper. Her aim is renovating projects with character and potential. The Oscar winner has a fondness for houses with a traditional look and feel, and in 2015 she listed a notable property in Pacific Palisades for $6.99 million. Since she bought the home for $5.6 million, that means her asking price net her $1.395 million from the sale. In 2007, she made even more after renovating a Spanish Colonial in Beverly Hills. That property cost her $8.1 million and it sold for $10 million.
http://www.elledecor.com/celebrity-style/celebrity-homes/news/a7863/diane-keaton-selling-renovated-los-angeles-home/
http://www.forbes.com/pictures/emeg45kijg/diane-keaton-beverly-hills-spanish-colonial/#5b692dc02bde
5. Akon
Rapper Akon has made a large part of his fortune from being a smart businessman. One of his money making hobbies is house flipping, and he has a knack for picking properties with potential, ripping them apart, and rebuilding homes that are bigger, better, and more profitable. In 2014, he put his renovated Woodland Hills home up for sale for $3.5 million after getting it for a bargain at $1.95 million. Akon was very involved with planning the interior and exterior details of the renovation, and the home sold quickly once it was put on the market.
http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-20140727-story.html
6. Colbie Caillat
Colbie Caillat has become known for flipping properties to make a bit of cash. One particular home, an 8,400 square foot mansion in Hidden Hills, earned the guitarist and singer a healthy sum after going on the market for $6.4 million. She’s discovered a formula that works well for her: buy luxury properties that are ready to go and quickly sell for a slightly higher price. Colbie Caillat doesn’t have to invest much into renovating the homes that she buys, since she focuses on properties that are already hot sellers.
http://variety.com/2015/dirt/real-estalker/colbie-caillat-flipping-out-in-hidden-hills-1201447124/
7. Sandy Gallin
Sandy Gallin earned his reputation in Hollywood as an esteemed talent agent, but he eventually developed a love for interior design and architecture. This lead to him buying and flipping houses and entering a different career. In recent years, he’s flipped fabulous properties in Bel Air and the Hamptons with big price tags. Selling his properties is made a bit easier by the fact that he has a large pool of celebrity friends and former clients who come to him when they’re ready to buy homes.
8. Alex Rodriguez
Most know Alex Rodriguez as a star pro baseball player, but he’s made a bundle flipping houses. In 2013, Rodriguez sold one of his mansions for a $15 million profit. That wasn’t his first foray into real estate, and since then he’s made even more money selling luxury homes. One of those properties, a Miami condo that Alex Rodriguez listed for $3.2 million, net him over a million dollars when it was sold.
Real-estate maven Alex Rodriguez is flipping his Miami condo
9. Tobey Maguire
Actor Tobey Maguire has been buying and selling properties for years, but he tends to keep his dealings low key. Recently, he’s made several million selling homes around the country. The Spiderman star made nearly $2 million from flipping a Brentwood mansion in 2015. The home had previously belonged to a number of different Hollywood stars. Tobey Maguire often seeks the input of his wife, jewelry designer Jennifer Meyer Maguire, when renovating his investments.
http://www.zillow.com/blog/tobey-maguire-selling-brentwood-169571/
10. Naya Rivera
When Naya Rivera sold her Beverly Hills home in 2013, many people thought nothing of it. However, the move was intentional, and the Glee actress is no stranger to making money from real estate. She renovated and sold the property in less than a year, and managed to make over $625,000 in a relatively short time. Naya Rivera has become so involved in house flipping that she’s brought her family in to help. Her mother Yolanda serves as a listing agent on some of her properties, and the actress shows no signs of slowing down anytime soon.
http://www.trulia.com/blog/celebrity-homes/7-celebrities-love-flipping-houses/
11. Jennifer Aniston
Jennifer Aniston’s foray into house flipping has been made easier due to her famous name, and having plenty of money to pour into luxe renovations doesn’t hurt either. Still, she’s a highly successful flipper with a good eye for real estate bargains. Jennifer Aniston worked with renowned architect Stephen Shadley to renovate a Beverly Hills estate, which she sold for $35 million within just two months of listing the property. Aniston spent $13.5 million on the home, and even when you count the funds spent to revamp it, she came out well ahead.
http://www.elledecor.com/celebrity-style/celebrity-homes/g2456/famous-celeb-house-flippers/?slide=4
12. Kristoffer Winters
Kristoffer Winters has made a fortune in real estate, and some of that is due to teaming up with other investors to buy properties. One of his favorite buddies to flip houses with is actor Jeremy Renner. The friends and business partners bought their first investment property in 2002, and they’ve seen great success ever since. Together, the two have flipped over 20 properties and Winters now makes more money in real estate that he does acting.
13. Corbin Bernsen and Amanda Pays
Husband and wife Corbin Bernsen and Amanda Pays aren’t just successful actors, they’re also experts at flipping houses. They like to combine their talents to renovate homes, enjoy them for a bit, and then sell the properties for a profit. The duo are known as one of the most hands-on investors in Hollywood, and they’re not afraid to roll up their sleeves and work on their own properties. Many of the homes that they renovate are sold to other Hollywood players — with their strong ties to the entertainment industry, they have plenty of buyers to sell to.
http://variety.com/2016/dirt/real-estalker/corbin-bernson-lists-mid-century-sherman-oaks-1201760086/
14. Ellen Degeneres
When people think of celebrity house flippers, Ellen Degeneres usually comes to mind. The much-loved TV host and actress is most noted for selling the famous Brody House in LA. She sold the home for $55 million in mid-2014, just six months after buying the property. Ellen Degeneres netted $15 million from that one deal alone, but it’s not even the beginning of her real estate portfolio. Degeneres also has a thing for properties with beautiful architecture — she repurchased a home in 2014 that she flipped in 2007 because she was so enamored with its details.
15. Jack Osbourne
Jack Osbourne comes from a family of entertainers, but he loves flipping houses. He’s known for picking properties that look gorgeous and sell quickly. One particular LA property that he bought for just over $2.8 million sold in less than a week. Much of Jack Osbourne’s real estate projects are in California, but he’s open to buying and selling properties elsewhere — as long as he sees the potential for profit and thinks he’ll have fun with it, he’s game.
http://variety.com/2014/dirt/real-estalker/jack-osbourne-flips-out-in-los-feliz-1201237761/
16. Jeremy Renner
Today, most people know Jeremy Renner as the actor who plays Hawkeye in the Marvel Cinematic Universe. He also frequently appears in hit films such as The Bourne Legacy, American Hustle, and The Hurt Locker. However, before he struck it big in Hollywood, Jeremy Renner made most of his money from flipping houses. He and his good friend, Kristopher Winters, teamed up to sell properties in the early 2000s, and Winters now makes most of his earnings as an investor. Jeremy Renner’s entertainment earnings amount to more than he gets from his real estate dealings, but he continues flipping houses because he enjoys it and has become quite the expert at getting it right.
http://www.bloomberg.com/news/articles/2016-03-22/home-design-tips-from-actor-jeremy-renner
http://la.curbed.com/2013/1/18/10283822/actorflipper-jeremy-renners-latest-insane-flip-asking-25mm
17. Courtney Cox
Courtney Cox isn’t just an expert house flipper, she inspired her gal pal Jennifer Aniston to get into real estate and create her own success in renovation and flipping. Many of Courtney Cox’s family members are contractors, which gave her the knowledge and insight she needed to become a successful investor. She’s one of the best flippers in Hollywood, and Cox prefers properties that are mid-century treasures with big money potential. The more distinctive the architecture, the more likely it is that Courtney Cox will want to get her hands on the property.
http://www.elledecor.com/celebrity-style/celebrity-homes/g2456/famous-celeb-house-flippers/?slide=5
http://www.examiner.com/article/courtney-cox-makes-big-money-flipping-houses-hollywood
18. Jane Seymour
Actress Jane Seymour has become an entrepreneur in recent years by launching different ventures, becoming the spokeswoman for various products, and getting into real estate. Seymour and her husband go big when it comes to renovation, and they invested over $5 million into one Malibu property that had been in their family for decades. After extensive work, the property was sold for a multi-million dollar profit. Jane Seymour is a hands on renovator who puts great attention and care into each of her projects — that’s probably why she’s such a well-respected flipper.
http://variety.com/2007/dirt/real-estalker/seymour-of-janes-houses-and-flips-1201225840/
19. Vanilla Ice
Vanilla Ice isn’t just a pop music icon, he’s now considered one of the most savvy house flippers in entertainment. His reputation as a great property investor and renovator became so widespread that he earned his own television show on the DIY Network called The Vanilla Ice Project. The show details the process that Vanilla Ice, otherwise known as Rob Van Winkle, goes through to buy, renovate, and resell his properties. He prefers to take big mansions, deck the properties out with eye popping technology and design features, and then flip the homes to wealthy buyers. The Vanilla Ice Project became an instant hit when it first premiered, but Van Winkle’s career in real estate goes back several decades. He’s invested in commercial real estate since the early 1990s, built a number of custom homes, and bought many plots and acres of land in Florida. Flipping houses became the next step, and he’s enjoyed the adventures — and the income — that investing in real estate has brought him.
http://www.diynetwork.com/shows/the-vanilla-ice-project
http://therealdeal.com/miami/2010/06/22/vanilla-ice-talks-to-the-real-deal-about-his-real-estate-career/
20. Drake
Drake is one of the most successful rappers in the music industry today, but he’s turned his eye towards real estate in the last several years. Always looking for ways to expand his fortune, Drake has a good eye for properties that can easily sell. He sold two Miami condos in 2012 that he bought in early 2011 as investments. Once he put the homes on the market, each sold in less than 24 hours — that’s an example of real star power.
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