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OTRC: Jeremy Renner makes millions with side career

Jeremy Renner appears in a still from his 2010 film, 'The Town.' (Voltage Pictures)

Jeremy Renner, who's best known for his Oscar-nominated roles in "The Hurt Locker" and "The Town," has been making a fortune on the side with an unexpected business venture, according to the Hollywood Reporter's newest issue, as reported by Yahoo News.

The actor and his business partner, Kristoffer Winters (who has had small roles in "The Hurt Locker" and "Fair Game) started fixing up and flipping Hollywood homes nine years ago.

The two made a $2.45 million profit in 2010 off of a 1924 Greek Revival estate that they bought in 2008 for $2.55 million. Their first flip was a 1962 home in Nichols Canyon that they bought in 2002 and made a $241,000 profit from after adding a patio, landscaping and transforming it on a shoestring budget.

In their next project, the actors made a $1.48 million profit and earned enough to continue their business. The two are currently working on a home on Hollywood's trendy Franklin Avenue that they bought for $1.35 million in 2009.

In February, Renner told OnTheRedCarpet.com about his profitable side job, adding that it has often paid more than his acting career.

"I never thought I'd be building houses," he told OnTheRedCarpet.com. "Every day is an adventure to me and I can't wait to see what I can learn the next day."

Meanwhile, Renner is gearing up to play the bow-and-arrow-carrying superhero Hawkeye in the comic book film "The Avengers," directed by Joss Whedon. The movie also stars Robert Downey Jr. and Scarlett Johansson, who are reprising his role as Iron Man and the Black Widow and Chris Hemsworth. The movie is set for release on May 4, 2012.

Renner is also set to star in "Mission Impossible 4," officially titled "Mission: Impossible - Ghost Protocol," alongside Tom Cruise, who reprises his role as super spy Ethan Hunt. The film is due for release in December.

According to the Hollywood Reporter article, stars like Courteney Cox, Diane Keaton, Vincent Gallo and former TV bandleader Max Weinberg are all successful house flippers.

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