The Number 1 Flipper Is – Ellen DeGeneres who has sold several successful flipping projects, with her most successful being in 2014 where she made $15million dollars in 6months after selling her home to Sean Parker. Putting her unique design style into the home was a winner for Ellen. He paid $55million dollars – well it does have a pool and a tennis court!
Well who would of guessed that celebrities would even need to flip houses, but I guess their industry can be a little up and down and even athletes are getting on board making money through real estate. These renovations are at a completely different level to most of us, having the cash to buy large luxury homes that need updating and spending big on designer remodels. Not only do they have the income to afford to buy and renovate the property the highest standard, the mere fact that a celebrity owns the house can increase the sale price and make money. There are fans who will pay anything to have a piece of their idol. I don’t think any of these celebrities get their hands dirty on the job but are well connected to employ the best designers and consultants in the business, though money doesn’t make good design. We feel they miss out on some of the fun by not being involved in the renovations.
Joining Ellen with big profits is baseball star Alex Rodriguez who made an incredible $15 million in profit, after factoring in renovation costs, when he sold his Miami Beach home for $30 million in 2013. The Yankee purchased the mansion for $7.4 million in 2010 and spent another $7.6 million renovating the gorgeous space
Courteney Cox made a great flipper profit when she sold this house that she paid $7.925 for and after renovating it was able to sell it for $18million.