The Economic Times

Bethenny Frankel bought a 4,000-square-foot SoHo loft for $4.2 million in 2017 and remodeled it; five years later, she sold it for just under $7 million

Celebrity house flipping can create an illusion of high profitability while ignoring essential financial details. In the case of Bethenny Frankel, she sold her renovated loft for nearly $7 million after buying it for $4.2 million. However, various costs and unpaid expenses may have led to less profit than expected. The national average for remodeling returns shows that not all renovations guarantee significant returns.