September 29, 2022

Kelly Dodd and Rick Leventhal get into home flipping organization

Immediately after electricity pair Kelly Dodd and Rick Leventhal ended up axed from their community Tv careers final June, the authentic do the job commenced.

Dodd, a former “Real Housewives of Orange County” star, was permit go from her gig on the actuality display the same week Leventhal left his 24-yr profession at Fox News.

But the cost-free time gave them house to pursue an unanticipated enterprise: In November, a yr just after they obtained married, the few bought a modest residence and system on flipping it into a boutique resort.

Dodd and Leventhal dropped $715,000 on a a few-bedroom, three-lavatory Palm Desert fixer-higher, information present.

“I like something that is definitely unattractive in the starting and then you can make it stunning,” Dodd, 46, advised The Put up.

Coincidentally, the project could direct them back to reality Tv. Several producers have presently approached the pair about getting the stars of a residence-advancement present, The Write-up can report.

The official living spot on entry.
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“We previously have producers reaching out to us wanting to do house-renovation varieties of reveals,” Dodd exposed. “But we are checking out our solutions and seeing what the very best offer is for us.”

The living room comes with a wood-burning fire place.
The dwelling area arrives with a wood-burning fireplace.
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A view of the open floor plan.
A watch of the open up floor prepare.
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Leventhal, 61, instructed The Post the transaction was finished in an all-income offer this previous November.

“We actually want to maintain on to the house and rent it out like a resort,” Dodd advised The Post. “We want to establish a separate casita, so we can get our resort license, and create a pickleball courtroom. It has a pool, and we are heading to construct a spa. We are heading to place in a great deal of dollars into the dwelling.”

They built the buy right after ideas of a further project fell by.

“We bought a just about 2.5-acre good deal previous spring at the Polo Estates in La Quinta and employed an architect to draw up designs for a almost 7,000-square-foot home we planned to use and hire out,” Leventhal defined.

“But following COVID hit and rates soared and employees became far more tough to retain the services of and source chain concerns designed, we recognized the delays and greatest charge of the task designed it significantly considerably less eye-catching to us. We flipped that ton and began seeking for a household possibly by now accomplished or in need to have of an overhaul.”

The family room.
The family room.
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One of three bedrooms.
A person of a few bedrooms.
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“Our aim is to establish a portfolio of homes,” Leventhal extra. “I’ve always needed to get into the property-flipping business, and I made use of to do the job in building when I was 19 years aged.” 

The Palm Desert residence is located near to the upscale El Paseo Searching District, and features panoramic sights of the Santa Rosa and San Jacinto Mountains. It is also a 45-minute drive from the celeb-favored Joshua Tree Nationwide Park region.

Originally built in 1950, the mid-century dwelling will have to have a whole lot of updates to get it up and working. But Dodd and Leventhal inform The Put up they’re up for the obstacle right after a tumultuous yr.

“I actually appreciate holding on to properties,” Dodd explained. “A great deal of my good friends have homes in the desert and they’re creating like $400,000 to $500,000 a calendar year just on rentals.”

“There is a good deal of upside in remaining in the desert. So this heading to be our up coming whole-time challenge, intestine-renovating homes. It’s truly a enthusiasm of Rick and I.”

Meanwhile, they are also renting out his Westhampton residence that at this time runs at $4,200 for every thirty day period.

The pool of the Hamptons home.
The pool of the Hamptons home.
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A view of the pool during the daytime.
A see of the pool in the Hamptons during the daytime.
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The living area.
The dwelling spot.
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The kitchen.
The kitchen.
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One of four bedrooms.
1 of four bedrooms.
Real estate agent.com

“We make definitely superior dollars on the Hamptons dwelling,” Dodd advised The Put up. “We are leasing that out 12 months-round, summers and winters.” 

Dodd explained how their next go immediately after the Palm Desert challenge was to rebuild the Hamptons residence.

And when they are not correcting homes, they are recording their podcasts and filming their growing YouTube exhibit, “Rich & Kelly UNMASKED.”

Rick Leventhal and Kelly Dodd attend a holiday party at Cathedrale at Moxy Hotel on December 04, 2019 in New York City.
The couple’s major home is a five-bedroom, five-rest room abode in Newport Beach. Leventhal procured the estate for $2.56 million again in 2016.
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“My dream was to get the job done with my wife,” Leventhal described. “My dream was to do a exhibit with her and now we are undertaking that. And I never have the very same limits on our information that we have with networks. It is totally free-flowing.”

“The finest element about it for me is that I get to work with Kelly, and she is so much pleasurable and entertaining and just unpredictable,” he included. “It would make it just an complete pleasure. A quick transform from what I am used to.”

Dodd divulged that conquering hardship in the past yr taught her a incredibly worthwhile lesson.

“When one particular doorway closes, another opens,” she claimed. “So I just want persons to know that you really do not have to cease, you can carry on to go after your desires.”