Latest news with #houseflipping
Yahoo
31-05-2025
- Business
- Yahoo
Stone Cold Austin. Actress Emma Stone Lists Her Austin, Texas Home For $26.5 Million, Making It One Of The Priciest Properties On The Market
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Actress Emma Stone starred in Paramount+'s 'The Curse' two years ago as one half of a reality TV renovation duo. The actress brought a lot of practical experience to the role as she is also a house flipper in real life. She and her husband, Dave McCrary, have just put her latest remodel on the market for $26.5 million in Austin, Texas . The home is a sprawling 10,000-square-foot estate that she and McCrary purchased in 2021 for an undisclosed fee. The newly renovated four-bedroom home has a two-bedroom guest house as well, The Wall Street Journal reports. Don't Miss: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Hasbro, MGM, and Skechers trust this AI marketing firm — Though Stone and McCary originally planned to live in the home in the pricey Tarrytown neighborhood, New York-based work commitments have not made that possible, one of their listing agents, Eric Moreland, told the Journal. The couple also owns a $12 million condo in Lower Manhattan. Moreland said that Stone and McCrary spent over three years renovating and restoring the home, including meticulously removing, cleaning, and reusing all the exterior brick. He said installing the millwork in the screening room was a year-long undertaking. Trending: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. According to The Music Essentials, Stone has an estimated net worth of $40 million, earned primarily from acting and endorsements. The website says that her most lucrative film was her Oscar-winning performance in 'La La Land,' for which she received $26 million, largely through back-end profits from the film's $447 million worldwide gross. In addition to her movies, for which she is routinely paid around $7 million to $8 million, Stone also endorses fashion brand Louis Vuitton, which The Music Essentials reports she is paid between $6 million and $8 million per year. Stone, whose best-known films other than 'La La Land' include 'The Amazing Spider-Man,' 'The Favourite,' and 'Poor Things,' has been flipping homes as a side hustle for several years. The Journal reported that she sold her blufftop Malibu, California home in 2022 for $4.425 million after buying it for $3.25 million in 2018. Last year, she sold a personal residence in L.A.'s Comstock Hills for $4.3 million, a considerable increase on the $2.3 million she paid in 2019.'Acting is inherently embarrassing — this, as a job, is just silly and you can feel really stupid,' she told the New York Times in 2023 when 'Poor Things' was released. Greek director Yorgos Lanthimos worked with Stone on two of her most critically acclaimed films, 'The Favorite' and 'Poor Things.' 'Thankfully, with Yorgos," Stone added, "it's much more freeing and I feel confident because we can quickly get to, 'I guess this one's not working, let's go somewhere else. Also, I can cry to him if I'm freaking out about something, which I have many times." Read Next: With Point, you can This Jeff Bezos-backed startup will allow you to . Image: Shutterstock Send To MSN: 0 This article Stone Cold Austin. Actress Emma Stone Lists Her Austin, Texas Home For $26.5 Million, Making It One Of The Priciest Properties On The Market originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
25-05-2025
- Business
- Daily Mail
Mother-of-two took a risk and poured her £100,000 divorce settlement into a new adventure... now she runs a £3MILLION business
In 2019, Alexandra Fidoe divorced her husband and was left with no home, two children under the age of 10 and a £100,000 settlement. Instead of returning to her corporate marketing job and buying a house - the 'safe' option - Ms Fidoe made the bold decision to invest her money into flipping a property. Her interest in developing homes began the previous year after leaving her corporate marketing job to spend more time with her children. She spotted a property in Hinckley, Leicestershir,e and thought it would be a good investment opportunity for her parents, so she helped them buy the house off-market with cash. 'One reason we bought that first house was because of the house next door. That was a two-up, two-down which was owned by the council, and the lady who lived there had been sectioned,' she explained to The Telegraph. The three-bedroom 1930s semi-detached house, had previously belonged to a hoarder and came with some complications - the work was delayed by six months while they were waiting for building work to start. But thanks to Ms Fidoe's eye for properties the house was sold for over-the-asking price, making her parents £40,000 profit. Unfortunately, while she was working on the house her relationship with her husband ended. At the time she was offered a job with Weetabix, which provided a stable income, pension and company car. However, she decided to take a risk using money from the sale of the house she bought with her ex-husband to enter the world of project development. 'This was a turning point,' Ms Fidoe said. 'If I took this job, I'd have to get a nanny – and I liked the flexibility and freedom the project management work gave me. I could do the school run and balance being a mum without the guilt.' She started off by renting a Grade II-listed farmhouse, agreeing to pay £1,000 a month to live there while also helping to manage the property's renovations. Despite the landlord previously saying he would up the rent once the work was done, he never did and allowed her to live there for as long as she wanted. Ms Fidoe then decided to invest in a house in Hinckley - the area she grew up in - looking for the worst house on the best street. She bought a bungalow, which she worked on for three months, before selling it for a profit of £60,000. From the flip she was able to pay herself a salary and invest in her next project. Nowadays, she has diversified, using a combination of cash and buy-to-let mortgages to buy and do up two flats, which she's renting out. But she estimates the turnover from her property flips comes to around £3million and after she completes her latest projects will have a portfolio worth £550,000. She said: 'It was a gamble, and I wasn't always confident it was the right decision… There are times when I feel like "Oh my god, I can't believe I'm doing this?"' She now believes her divorce helped her revaluate her life and enter the mindset of property development. Ms Fidoe also documents her progress on Instagram via @alex_fidoe_property.
CBC
09-05-2025
- Business
- CBC
Calgary's hot house-flipping market is cooling off, real estate insiders say
Social Sharing Calgary leads the country in flipping houses, as recent data from the Bank of Canada shows nearly seven per cent of homes purchased in the Calgary metropolitan area were re-sold within 12 months. That's far above cities like Toronto, Quebec, Vancouver and Edmonton, which came second to Calgary at 4.2 per cent of homes purchased and successfully flipped. But, according to Calgary-based realtor Andrew Jones, who spoke to the This is Calgary podcast, Canada's hottest house-flipping metropolis may be entering a cool-down period. Since 2020, he said, "markets [have] been running like crazy. We have seen prices just taking off. We've seen really low inventory levels and all of that has led to a lot of people getting into the flipping because, quite honestly, if you just buy a property and hold it for six months or a year and do nothing, you were probably going to make money." Now, Jones said, it's less of a guarantee. "As we get to a balanced market, we have more inventory. There's a lot more competition out there," he said. "If you're flipping, you're going to have to do a little bit more than, you know, paint everything white and throw some black fixtures on and call it a day." According to the Calgary Real Estate Board (CREB), last month's inventories rose to 5,876 units, more "consistent with what we typically see in April," while sales were down 22 per cent from last year's level, with 2,236 units sold. Economic uncertainty has played a role in the dip in home sales, but "previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year's ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable," Ann-Marie Lurie, CREB chief economist, said in a press release. What makes Calgary Canada's house-flipping capital? According to Calgarian Shelly Visser, who flips houses with Front Door Investments and Rich Girl Renovators, Calgary is an attractive place for house flippers. "It's a beautiful city to live in. There's a lot of opportunities. It's affordable compared to some of the other provinces, there's growth, there's a younger demographic, there's a lot of different price points for everyone," she explained to This is Calgary's Jenny Howe. "So no matter what product you are flipping, you can meet a price point that is needed for that demographic." Jones said an influx of migrants helped keep Calgary's housing market afloat as interest rates went up. "We saw a lot of migration here. Everyone in Canada wanted to move here. It was an attractive place to be, and because of that, I think the flip market ... garnered a lot of action, a lot of activity." The lack of any vacancy tax or land-transfer tax adds to the appeal, especially for 25-40 year olds who use house flipping as a side hustle, Visser said. "It's doable to make anywhere from $80,000 up to $200-300,000 depending on what is going on. Depends on the market as well," Visser said. "That's a really important factor in your decision making because if you've bought at a height of a market or the market's a little bit higher and then six months later you're finishing and then now the market's in a downturn, there goes maybe your profit." House flipping and its impact on the market "Things are cooling off, but a balanced market is good," said Jones, the Calgary realtor. "It's been excellent for sellers for a long time, but it's been really challenging for buyers. So a balanced market is an opportunity for both buyers and sellers to have a little bit of benefit out there." Jones is seeing flipped homes close to the University of Calgary still selling quickly, in neighbourhoods like Charleswood and Brentwood. But what's slowing down is the full two-storey detached homes, where "someone's gone in there ... they've thrown lipstick on a pig. They've painted the house, they've thrown in some new appliances, but the home itself is still a little bit older." He said because there isn't as much of an inventory crunch anymore, buyers have the option to wait and see what other properties enter the market. Will Calgary keep its top dog status? Visser said that while the market is balancing out, it isn't declining — just cooling off. "When you don't have that big panic and rush, it feels like a cooling off, right?" she said. "So when we're talking about Calgary, we are still very healthy and it's actually good to be balanced. Jones said, moving forward, there's going to be more competition in the housing market.
