Check out this article about actor Jeremy Renner. "Before he was nominated for Oscars for "The Hurt Locker" and "The Town," Renner and his business partner, actor Kristoffer Winters (who had a small role in "Locker," plus last year's "Fair Game") were fixing up and flipping old houses in Hollywood and Studio City, according to the new issue of The Hollywood Reporter (on newsstands now).
In 2002, the two bought a nondescript three-bedroom 1962 home in Nichols Canyon for $659,000 and sold it less than a year later for $900,000. According to Keller Williams' Bobbe Mitchell, the sales agent on many of their projects, Renner and Winters had a shoestring budget but transformed the house into a cozy, private abode, adding a patio and new landscaping. During those lean days, the two staged it with flat-screen TVs that had a 30-day return policy, hoping they'd sell the house before the expiration date.
Read the complete article here.