If you have the guts and know-how, real estate can be a VERY profitable investment strategy. Ellen DeGeneres seems to have the knack for house-hopping and collecting a nice little profit each time.
It takes most of us a few months just to unpack all the boxes and let the dust settle from moving into a 9 bedroom home. Not Ellen…her latest home, which she apparently was not planning to sell so quickly, has made her a little over R161 million profit in a quick sale to Napster’s Sean Parker.
After only a few months in The Brody House — yep, the house has a name — DeGeneres decided to flip it for $15 million in profit. She reportedly did not intend to flip it, but Parker approached her last month with an offer, and the deal closed in eight days.[…]
Sitting on 2.25 acres next to the Playboy Mansion, the property was commissioned by philanthropists Sidney and Frances Lasker Brody in 1949. The home was impressive in its own right (TMZ calls it “the best house in L.A.), but its unnamed second owner had it renovated in 2010, ostensibly to flip it.
You can check out pics of the house pre-renovation from Business Insider here as well as a bit more info on the house itself.
