If you didn’t already know, there are plenty of celebrities that enjoy quite a bit of success in real estate beyond Hollywood. Justin Long, Bruce Willis, Faith Hill, and Ashton Kutcher are just a few among the celebrities that have moved beyond just their movie careers which we all know and love them for.
While we hear about all the unfortunate celebrity relocations that start off with selling their mansions at a loss, there are other celebrities that have made nothing but smart moves in the real estate world. For example, look at Dennis Quaid. He took a $1.8 million property in California and transformed it into an equestrian estate worth almost $17 million.
It looks like Faith Hill and her husband Tim McGraw are also winners at the real estate game. They decided to sell their home for $4 million – lower than what they wanted – but they still got to move out with a $3.3 million profit. Not too shabby. Same goes for our favorite Ashton Kutcher – he is set to make $1.5 million on the sale of his Hollywood Hills home.
This comes as a mild surprise as most of America has had to cut the price of their home at a loss. In fact, more than $24 billion has been cut from the asking prices of various homes in the past year. So, many people are forced to move without even making any money on their original investment.