The Social Proof of KanKim

I think we have officially seen it all. The day is here; the day that Kanye West and Kim Kardashian think they know more about flipping houses, than well, everyone. KanKim, Kimye, whatever the media is calling the power couple now-days, have officially arrived to the investing scene.

We know we know, we all need more news about Kim Kardashian and Kanye West like we need a hole in the head. However, we have to admit it is intriguing that such a Hollywood power couple would be investing in real estate. It seems they don’t see bedrooms and bathrooms in their new mansion … they see dollar signs. Recent news stories are reporting that  they’re going to sell  their new mansion and officially enter the house-flipping market.

Kim and Kanye bought an $11 million mansion in Bel Air last year and did a major rehab.  They had planned on living in it with their new baby North, but sources connected with the couple say they are going in another direction. Perhaps on the heels of Ellen DeGeneres’ fortune in flipping they’ve been told they could make millions if they sell it.  Apparently, they really enjoyed the process of redesigning the home and naturally, the prospect of adding more zeroes to their bank account appeals to the rich and famous couple, who seem to be constantly searching for ways to become more rich and famous.

So what makes KimKan think they got what it takes to survive in this flipping world? It seems their angle is that they know the best people in various fields of home renovation — architects, landscapers, interior designers, etc. And before you roll your eyes at the thought of a Kimye-designed home, there are a few legitimate reasons why this career move makes perfect sense for the newlyweds.

First of all Kardashian and West can more than afford the risk that comes along with flipping houses. Say they renovate a house, but for some ridiculous reason, they can’t find a buyer (seriously, who wouldn’t want a Kimye-designed home?). If this happened, they can still afford the home. In the end, they are still rich and famous and happy, and they will actually do something valuable for society by not contributing to the decline of a the housing market.

As for their living situation … we’ve heard  Kim and Kanye are happy living with Kris Jenner for now.  Plenty of space, and a built-in babysitter.

If Kim and Kanye can do it, how hard can it be right? Be sure to check out our Flipping Houses University to get your basic knowledge first though.

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Erik Hitzelberger has been Real Estate Investor since 2007. While learning the ropes in the market down-cycle, he now teaches others how to use his systems and leverage other people’s expertise to achieve their own goals.

Erik Hitzelberger – who has written 194 posts on Part Time REI.

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