Tag Archives: flipping houses

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. 
 1
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.


 
2
 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 

Flipping Houses in Canada – Step by Step

Flipping Houses in Canada – Step by Step

So You Want To Learn The Process of Flipping Houses in Canada to make instant profits

Flipping houses in Canada is very lucrative business as well as investments. Just like any other business, you must go and learn from Flipping4Profit.ca. You also must become the member of Professional real estate investors group (PREIG) Canada to expand your learning and meeting professional real estate investors.

Continue reading Flipping Houses in Canada – Step by Step

Flipping Houses with Assignment Clauses – Part 4 of 4

Flipping Houses with Assignment Clauses – Part 4 of 4

Principal Residence Exemption, Business Income and Capital Gains

Flipping Houses with Assignment Clauses – Part 4 of 4

If you want to flip houses with assignment clauses for a profit, take a careful look at the criteria the Canada Revenue Agency (CRA) will consider when taxing you. If possible, structure your purchase so that you’ll receive capital gains treatment, and perhaps even the principal residence exemption.

Continue reading Flipping Houses with Assignment Clauses – Part 4 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 3 of 4:

Role of a Realtor

Role of a realtorRealtors who are asked to represent an assignor (original buyer) or assignee (ultimate buyer) pursuant to a Contract of Purchase and Sale should, as a minimum, ensure that:

1. The assignor has the right to assign and the assignee has the right to receive a valid assignment by referring to the original contract.

Continue reading Flipping Houses with Assignment Clauses – Part 3 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 2 of 4:

Flipping houses with assignments clauses must be used carefully to take advantage.

Flipping houses with assignment clauses

Continue reading Flipping Houses with Assignment Clauses – Part 2 of 4

Flipping Houses with Assignment Clauses – Part 1 of 4

Flipping Houses with Assignment Clauses – Part 1 of 4

Flipping houses with Assignment clausesFlipping Houses with Assignment Clauses – Part 1 of 4

Flipping houses with assignment clauses are commonly used by Canadian professional real estate investors because it gives them an advantage to sell the property before closing. One needs to understand thoroughly the legal aspect of it. Due to the complexity of Flipping houses with assignment clauses, one must learn from real estate investment experts as well as seeking a legal opinion in writing to protect you.

Continue reading Flipping Houses with Assignment Clauses – Part 1 of 4