Celebrities looking to transition into a "second act" (or maybe just make money in new, interesting ways) might do well to follow the examples of Magic Johnson, Ellen DeGeneres, David Charvet (Baywatch), and Rob "Vanilla Ice" Van Winkle and consider the wonderful world of real estate. "The same passion that I would use to make my music, I apply to what I'm doing now," says Vanilla Ice of his penchant for house-flipping. [WSJ]
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Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.