What does Taylor Swift and Ellen DeGeneres have in common? A shared interest for investing in real estate
Obviously, celebrities are just like normal people (just more popular and with more money). And just like us, celebrities also purchase real estate! However, while some go house shopping for places they can call their next home, we also see a lot of celebrities that choose to invest in property for other purposes, like flipping houses. We also often see celebrities with more than one home, stacking up a real estate empire. Who are these people? Here are some.
Taylor Swift – The Real Estate Mogul
Taylor Swift is one of those celebrities who are known for having quite the real estate empire. We often see her name in the paper for purchasing yet another property. While she sells off her properties as well, Taylor Swift is known for buying up properties. Her number of purchases so far is quite impressive, when you think about the fact that she is only 28 years old.
In January 2018, Business Insider stated that Taylor Swift owns at least $84 million in real estate across four states. While the real estate investments are spread over four different states, Taylor Swift currently have the most units in New York City. One Duplex penthouse, one Townhouse, and one condo. Second comes Beverly Hills and Nashville with two properties each. It is not strange that the media refers to her as a real estate mogul. As mentioned, she is only 28 years old, so we’re anticipating more properties under her belt.
Celebrities Flipping Houses
Bethenny Frankel, known to most as one of the real housewives from Bravo’s tv show “The Real Housewives of New York City, is now set to host her own real estate serie with Fredrik Eklund, about flipping New York real estate.
Flipping houses has long been a thing, where people buy up homes and later, after a lot of renovations, and then flip it for a profit. These days, there are a lot of celebrities who particularly like to flip houses as a form of investment. Some examples, according to the grapevine, are:
- Courteney Cox
- Ellen DeGeneres and Portia de Rossi
- Sharon Osbourne
- Jeremy Renner
- Diane Keaton
And so many more. It looks like celebrities are getting a taste for the flipping game and why wouldn’t they? It’s a challenge as it isn’t an easy task and there might be a lot of money involved, depending on how well the “flip” does! While Bethenny Frankel is joining a long list of celebrities who are currently flipping houses, we doubt she’ll be the last celebrity to take up this interest. Where there’s money, there’s an interest.
The Quiet Investors
While everything celebrities say and do usually ends up in the media, there are some celebrities who manage to avoid the press knowing every little thing about their lives. Such as their investments. Many celebrities, probably the majority, choose to purchase real estate through a LLC or a trust, so that their names are kept private from the media. However, there are still some who don’t mind using their names for property purchases.
As we mentioned earlier, while some purchase real estate for living in, others invest in it. Those who do, but doing it while being able to not disclose their names, we call the quiet investors. Celebrities are without a doubt purchasing up property for investment purposes, on the side.
No matter why celebrities choose to invest in property, whether it is for themselves and their families or they are investing in flipping houses, it is always excited who is going to make the next real estate move.