Ellen DeGeneres and Portia de Rossi have made a killing flipping houses about $190 million in profit! Since the mid-2000s, they’ve flipped at least 34 homes in places like Los Angeles, Beverly Hills, Montecito, and even the Cotswolds in the U.K.
Wall Street Journal
They make around 37% profit per home, but their business manager says it’s less after paying for all the renovations, furniture, and workers
Wall Street Journal
. They usually sell the houses with all the furniture included, which makes them look even better
Their cool design sense has made Ellen houses desirable. Real estate folks say that owning a house flipped by Ellen is valuable because she’s known for good taste and quality
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. Will Ferrell, Ariana Grande, and Heath Ledger (RIP) have all bought houses from them
In July, they put a big estate in the U.K. called Kitesbridge Farm on the market for about $30 million. They spent around $9 million fixing it up. This shows they want to keep flipping houses. Now they also want to do international deals.
But since Ellen is going back to work, they might not flip as many houses soon
Wall Street Journal
So, what started as a hobby for Ellen DeGeneres and Portia de Rossi has turned into a big-time real estate gig. They’ve made flipping houses into something special and a way to make lots of money with their good eye and love for fixing things up with style.
