July 24, 2024

Vanilla Ice crafted a true estate empire and is reportedly well worth $20M now

Vanilla Ice crafted a true estate empire and is reportedly well worth M now
‘I made millions for doing nothing!’: Vanilla Ice built a real estate empire and is reportedly worth $20M now

‘I created millions for carrying out absolutely nothing!’: Vanilla Ice designed a genuine estate empire and is reportedly value $20M now

There is a long list of superstars who created a fortune and lost it all. Burt Reynolds, Mike Tyson and Curtis “50 Cent” Jackson have all submitted for personal bankruptcy in the previous. Francis Ford Copolla has submitted for personal bankruptcy thrice!

Lots of believed Robert Van Winkle, much better identified as Vanilla Ice, would discover himself on that checklist after his songs vocation withered away.

Don’t pass up

However, the rap star has managed to construct a business empire immediately after he still left the spotlight. Divorce data received by DailyMail.com showed that he was worth $9 million in 2018. In accordance to CelebrityNetWorth.com, his internet value is now at $20 million.

“I made millions for performing absolutely nothing!” Van Winkle advised comic Steve-O on a recent episode of his podcast “Steve-O’s Wild Trip!”

Here’s how the 1-strike-wonder constructed a valuable real estate and media empire.

Fascinated with real estate

Van Winkle’s biggest profession split was his strike tune “Ice Ice Baby” introduced in August 1990. The track was an instantaneous strike and went on to develop into the celebration anthem of the 90s. “We ended up promoting a million data a day, simple!” he informed Steve-O.

Sad to say, Van Winkle’s rap vocation nosedived soon after “Ice Ice Baby,” but the keep track of was effective sufficient to enable him accumulate a massive portfolio of genuine estate.

He reported he purchased properties “all more than the region” that he “never ever utilized.” When he made a decision to offload his qualities, Van Winkle claims he was astonished by how beneficial the investments had been. “They sold actually speedy and I designed millions for carrying out almost nothing! I failed to even transform the carpet … and I go holy s— let us go get a bunch more of them.”

When one particular of his residences was wrecked by Hurricane Andrew in 1992, he made the decision to renovate it himself and sold it. This practical experience sparked a lifelong fascination with real estate. Van Winkle suggests he went to style university and worked as a standard contractor for quite a few decades.

As of 2018, he was building $800,000 a calendar year, in accordance to court paperwork launched in the course of his divorce at the time.

All this expertise getting and renovating homes gave him the instruments he essential to craft a long-expression business enterprise system.

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Strategic moves

Immediately after 30 years of investing in actual estate, Van Winkle says he has developed a video game strategy. He suggests he prefers to obtain attributes that are off-marketplace and not stated on the many listing support (MLS).

Off-current market offers are uncommon. Only 3% of homebuyers surveyed by the Nationwide Association of Realtors in 2023 reported they procured their property straight from the seller or realized the vendor as an alternative of heading by means of brokers or on the net listing solutions.

He also purchases distressed homes and residence tax liens. He suggests he “places out tax dockets on properties” which presents him a prospect to buy the property “for pennies on the dollar.”

Renovating these attributes adds price, but Van Winkle also works by using the renovation course of action for written content. His fact Television collection “The Vanilla Ice Challenge” on the Do-it-yourself Network has 180 episodes across 13 seasons, incorporating a further supply of money for the savvy entrepreneur.

This diversified real estate and media empire has assisted the previous rap star expand and maintain his wealth.

What to go through following

This write-up offers information only and ought to not be construed as tips. It is provided with no warranty of any variety.