Buys $14.1 Million Brentwood Park Mansion
There are plenty of people making money from flipping houses, and there are also many TV programs showing people how to sell houses for a profit. Often, these focus on homes at the lower-end or middle of the market and usually involve a full renovation.
However, it is also possible for people to make money in the luxury home market. On the one hand, there are potentially higher costs when trying to flip a house at this end of the market.
On the other hand, there are higher potential financial rewards. Therefore, both the rewards and the risks are greater.
One example of a couple that has successfully flipped in the high-end market is Jim and Andrea Gordon. Jim Gordon is a private equity executive who founded Edgewater Funds, a Chicago-based company.
The couple bought a brand-new Brentwood mansion in 2020, which they have recently sold for a profit.
An Overview of the Sale
The property the Gordons purchased was a brand-new, 9,000-square-foot mansion in the leafy Los Angeles neighborhood of Brentwood Park.
Inside the Brentwood Park Mansion
The front door is made from panels of glass, so there is a view straight through to the rear of the property as soon as you step through the front door.
In the entryway, there are white walls adorned with mirrors and artwork and a black and white tiled floor. The entryway leads to a corridor with wood flooring that connects the rooms on the lower story of the mansion.
At the end of the corridor is an open-plan great room with pillars that create a definition between the different spaces within the room.
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