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Celebrities Delve into House Flipping

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By Lauren Beale

Despite the high finances involved in developing the home, Blumenthal is confident he has the winning combination of panoramic city views, usable outdoor space and lawn and architectural style to warrant the $28.8 million price tag.

“I’ve never come close to losing money on a house,” he said. “I don’t get involved unless it’s a no-brainer.”

Winters, however, is willing to admit that as the budgets have gotten bigger, so has the financial risk.

“It’s a big gamble,” said Winters, who said he continues to learn each time he tackles a house. “You just hope you make less mistakes.”

©2013 Los Angeles Times
Distributed by MCT Information Services

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