Real estate investment is usually what most people with money go for, believing that it is the best investment they can make. However, that may not always work, and sometimes the investors will lose money or not make back what they had invested in the first place. That is what happened to Tori Spelling.
According to the Los Angeles Times, in 2008, Spelling and her husband, Dean McDermott, purchased a home for $2.945 million in Encino. The property was originally listed for over $3 million, so Spelling got a good deal when she purchased it. However, three years later, the house was up for sale again when Spelling and her family decided it was time to move. Unfortunately for them, the property was sold for $2.5 million, which meant they took a loss.
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Five years later, Daily Mail reported Spelling was moving her family into a new home, renting it for $9,500 a month. This became controversial, given Spelling’s behavior when it came to buying and renting different properties. A source close to her told the outlet, “Here we go again, this is Spelling’s pattern. She packs up Dean and the kids every six months to a year and moves to a new rental. She hasn’t put down real roots since she sold her Encino home in 2011, and she always has some excuse why she has to leave.”
