11 Celebrities who make Extra Income by Flipping Houses

11 Celebrities who make Extra Income by Flipping Houses

Even famous people look beyond their day jobs for extra income; and the stars that turn to flipping houses can really make a lot of money.
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1 Of 11MICHAEL C. HALL
Hall went from Dexter to Broadway and he flipped a house in Los Angeles after owning it for only a month.
Now, he has sold his Los Feliz, a home for 675,000 more than he bought it for, and it was sold at 4.85 million. He tried to sell the house in 2014 but it didn’t work out.

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2 OF 11 ELLEN DEGENERES
Ellen has several house flips under her belt, and is probably the most well-known celebrity house flipper.

Her biggest flip was in July 2014 when she sold LA’ s Brody House for $55 million, $15 million more than what she bought it for. .  .

 


3 Of 11 JEREMY RENNER3
Jeremy Renner has successfully bought and sold several homes over the years, one in Nicholas Canyon and another in Hollywood.He owns a home at the foot of Runyon Canyon that he’s trying to sell for #4.795 million .

 

4 Of 11 JENNIFER ANISTON4
Jennifer Aniston listed her Beverly Hills home for $42 million in 2014, after finishing extensive renovations with the help of architect and designer Stephen Shadley. According to Variety, the home sold for $35 million after only two months on the market. The home was purchased for only $13.5 million by Aniston.

5 Of 11 COURTENEY COX5
Courtney Cox and David Arquette divorced in 2013, and sold their beach house in Malibu for a nice sum of money. Although the pair asked for $19.5 million, the house was sold for $18 million, 10.075 million more than what they bought it for.

 6 Of 11 DIANE KEATON6
Diane Keaton has undertaken several renovations of historic California homes over the years, and even flipped two homes in 2010.

Her Beverly hills home was sold for an undisclosed amount to the creator of “Glee” and “American Horror Story”, Ryan Murphy.

7 Of 11MERYL STREEP7
Meryl Streep may have been hoping for a bigger profit when she listed this 1954 Research House for $6.75 million, but she and her husband still made $300,000 when it sold for $4.8 million just four months after it was listed.

8 Of 11ALEX RODRIGUEZ8
When alex rodriguez sold his home for $30 million in 2013, he made a tidy profit of $15 million.  The Yankee purchased the mansion for $7.4 million in 2010 and spent another $7.6 million renovating the gorgeous space.

 

9 Of 11 VANILLA ICE9
Vanilla ice has been studying house flipping for the past 15 years.  ” The former rapper told Time.com he has made millions flipping houses, and doesn’t even know how many houses he owns off the top of his head.
 10 Of 11 TOBEY MAGUIRE10
He is trying to flip his plantation style home in Brentwood which he acquired for $8.45 million. The “Spiderman” star has listed the 6-bedroom, 5-and-a-half bath mansion for $10.25 million.

 

11 Of 11 SCOTT DISICK11
Kourtney Kardashians guy, he is new to flipping houses and has hopped on the bandwagon. He recently purchased a five-bedroom home in Beverly Hills for #3.69 million and sources told US Weekly he intents to renovate and flip the property

The Eviction process by The Sheriff in Ontario

The Eviction process by sheriff in Ontario can be quite complicated when you have no idea. How the system works. Eviction procedure by sheriff in Ontario protects both landlords and tenants.

Being a Canadian Real Estate investor, you will, in certain circumstances, have no choice but go through the system.If an eviction order is been issued by the Landlord and Tenant Board against you, you must do something about it right away if you do not want to move. What you have to do depends on if there was a hearing or not.

Eviction process

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Real estate cash buyers in Canada

Real estate cash buyers in Canada

Canadian real estate cash buyers are vital in investing in Canadian real estate. The fastest way to build your cash buyers list is to meet them in person at the Professional real estate investors group (PREIG) Canada’s network meeting.

Discounted deals and Canadian real estate wholesalers are looking to meet in person with Canadian real estate cash buyers at real estate investors group.

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How To Establish Property Values In Less Than One Second

How To Establish Property Values In Less Than One Second

As a full time Canadian real estate investor, we may be recieving calls at any time of the day or night from someone responding to our marketing. The call may come from a city where we are unfamiliar about the property values, but we have to be able to make an offer quickly.

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Mortgage Jargon – Part 1

Mortgage Jargon – Part 1

As a full time real estate investor, we will be getting a number of mortgages during our career.  It is best that we understand all of the mortgage jargon in order to fully understand our mortgage brokers, bankers, lenders, etc., not to mention the contracts we will be signing.

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Price IS Everything

Price IS Everything

As a full-time Canadian real estate investor, we must be able to attract deals to us which create massive and passive income on a regular basis. We of course have to be very cognizant of what we pay for each property, whether we are looking to purchase it ourselves or utilize it for the purpose of an assignment . We must be able to negotiate specific and necessary terms into each and every deal.

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Advertising Tips: Using Cash As Bait

Advertising Tips: Using Cash As Bait

As a full time Canadian real estate investor, we must realize that we can’t rely on other people like realtors to get us the majority of our deals. If we stick to the MLS in order to build our portfolio in a “conventional” manner, we may either run out of money or become too much of a risk, based on our debt load, to be financed.

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Price is NOT Everything

Price is NOT Everything

As a full-time Canadian real estate investor, we have to be conscious of how we structure our deals, monitor our cash flow and profits, and build our net worth. As we continue to grow our portfolio of properties, we must be very aware, obviously, of what we are paying for each property.

All too often, however, negotiation is focused entirely on price, when perhaps a much better deal could be had if we’d only consider what terms we can negotiate in our favour whilst giving the owner his price that he demands.

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