After the Spotlight
Ice has been "flipping" houses. Meaning he buys undervalued real estate, goes in with a crew that restores the houses, then sells them for twice the price. And he's good at it. He's even written a book on the subject. Here's a whole interview he did about it in the New York Times. When a mansion foreclosed in Palm Beach, Ice swept in and bought it for $400,000. Then he renovated it -- and again, we're talking about Vanilla Ice renovating a house here -- and sold that shit for $875,000. Ice snapped up another foreclosure for $500,000, and after he got done with it, it drew offers of $2.3 million. Did we mention he's been doing this for 15 years?
Mark Davis / Getty
"Drop that zero house, and get with a hero house!" -Probably not what he says
How in the fuck did Vanilla Ice get into this business? His own idiocy -- back in the day, he dumped a bunch of his "Ice, Ice Baby" money into a buttload of houses that he barely lived in. As time passed and common sense prevailed (and the Vanilla Ice bandwagon flew off the cliff and exploded), he started dumping the properties. Only he found that by fixing them up first, he could make half a million dollars a shot. He took a bunch of courses in real estate and parlayed the "LOL VANILLA ICE IS HANGING DRYWALL IN MY HOUSE!!!" factor into free promotion.
He even has a reality show on the DIY Network, a channel for home repair and design enthusiasts. Oh, he still looks, dresses, and talks exactly like Vanilla Ice, by the way.
Vanilla Ice Real Estate
Stick with what works, we always say.