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Celebrity Real Estate: Flipping Tips for Investors

There is huge money to be made flipping celebrity real estate today but how can you land more of these deals?

Celebrities haven’t been untouched by the recent economic woes or the foreclosure crisis and there are many celebrity homes from San Diego to Miami and New York which promise massive spreads to savvy real estate investors. At the same time a new surge in wealth and real estate as an investment is driving many more new celebrities from athletes to movie stars and socialites and tech entrepreneurs to buy homes worthy of their new status.

The question is how real estate investors can land more celebrity clients?

Going big with branding like the local Realtor you love to hate the most can help, as can scooping the top spot on Google for local SEO. However, celebrities are often untrusting, especially of real estate professionals and frequently treasure their privacy above all else.

This means the odds of them simply calling you up out of the blue on one of your ads are slim. Instead your best path to more A-List buyers and sellers is typically all about connections and networking. So are you networking in the best places to meet celebrities and their agents?

Note that because of their desire for privacy, your reputation for discretion is important so don’t be caught drinking too much and gossiping about someone else or you won’t be trusted.

However, celebrities also like to meet in person. They want to see exactly who they are doing business with. Don’t be intimidated by their status though. They are just people and acting like a lunatic fan isn’t going to give them the confidence you are on their level and will probably just end up with the dogs chasing you back over the fence.

With all this said, when you can, milk all of the celebrity out of a home you can. It adds big money to the price tag, above and beyond the appraisal.

Savvy real estate investors know it doesn’t have to be a current celebrity residence being put up for sale to capitalize on bigger spreads either. For example; what about the original Facebook house or Al Capone’s old Florida escape, something like that has a lot of intrinsic value for collectors and aspiring entrepreneurs who want that aura to rub off on them.