Who would have thought that some of the brightest stars of the celebrity heaven sometimes need an additional income? It is not like they need a side hustle to pay the bills. As it turns out, these celebrities are quite handy businessmen, earning money not just for need but for having some side savings. Some of the successful celebrity flippers can make more money for one house sale than for a leading role in a major blockbuster, for instance. So, let us see who those wise money makers are and how that second career is working for them.
Turns out that Monica from “Friends” is very proficient in making her earnings from buying and then reselling houses. We can even call her one of the most successful celebrity real estate flippers. Cox is not only buying plane houses and then selling to the best bitter. She is purchasing serious pieces of architecture and investing in their renovation without destroying the present historic qualities. For instance, back in 2004 she purchased a house in the Trousdale Estates for $5.45 million, added a few features and sold it for almost five times larger sum.
When he is not busy saving the world as Hawkeye, Jeremy Renner is flipping houses. Joining forces with his friend Kristoffer Winters, he is flipping everything from a Nichols Canyon home to a Hollywood located house formerly owned by legendary filmmaker Preston Sturges. Renner himself claims that he has actually earned more money from flipping real estate than from acting.
Another member of the “Friends” team finds her extra income in flipping real estate. One could say that as always she is following the footsteps of her more responsible friend, Monica (Courtney Cox). In fact, the actress’s house flipping career is equally as bright as her on-screen one – if we might add. Back in 2011, Jen sold her Beverly Hills mansion for $38 million and a year after she purchased a $21 million Bel Air mansion.
The Oscar winner and Hollywood royalty has a very lucrative side gig purchasing, fixing up and selling properties. She has undertaken several renovations of historic houses in California and flipped some of them with great gains. Her latest project is listed for listed for $6.995 million was purchased in 2012 for $5.6 million. Therefore, the actress stands to profit $1.395 million. Not bad at all, right?
“Here, hold my Oscar, let me sell this house” – Meryl Streep. No, the famous lady did not actually pronounced these words, but we wonder how does she find time to buy, renovate and sell houses, when she is constantly being busy getting herself showered in Oscars. To be honest, her flipping career is not as bright as her acting, but it works. She and her husband might have hoped for larger profit when they listed their house for $6.75 million, but they did still earned $300, 000. Better luck next time Meryl.
The star is surely not as cold hearted as his alter ego Dexter, but he does know how to think straight and use his head to earn some money on the side. And it seems that just as with his movies and TV career, Michael has a killer career on the horizon – no pun intended. The “Dexter” and “Six Feet Under” star has sold a Los Angeles house in 2013 after owning it for just one month. True, the profit was not large, but it is a start. Now, he has listed his California home for $4.85 million, and it is expected to profit almost $700, 000.
These celebrities are a clear proof that everyone needs a side gig sometimes and an extra cash influx has never been a bad thing.
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