Lounge For casual talk about things unrelated to General Motors. In other words, off-topic stuff. And anything else that does not fit Section Description.

Flip that house

Thread Tools
 
Old Jul 21, 2007 | 09:15 PM
  #1  
Shadow's Avatar
Thread Starter
Senior Member
True Car Nut
 
Joined: Feb 2006
Posts: 3,239
Likes: 1
From: Delaware & Long Island NY
Shadow is on a distinguished road
Default Flip that house

Anyone else watch this show. I love it but it would be great if they showed the houses that flopped as well as flipped.
Reply
Old Jul 21, 2007 | 09:50 PM
  #2  
brianj's Avatar
Senior Member
Posts like a Camaro
 
Joined: Apr 2005
Posts: 1,121
Likes: 0
From: Niagara Falls Ontario Canada
brianj is on a distinguished road
Default

I'd rather see it done with cars instead of houses......like an Overhaulin kind of thing.

It always looks so easy on TV....I bet 1 in every 100 really makes a worth while profit. The other 99 probably end up losing money!

Wish I had $200,000 to "risk"!
Reply
Old Jul 21, 2007 | 10:21 PM
  #3  
Shadow's Avatar
Thread Starter
Senior Member
True Car Nut
 
Joined: Feb 2006
Posts: 3,239
Likes: 1
From: Delaware & Long Island NY
Shadow is on a distinguished road
Default

Originally Posted by brianj

Wish I had $200,000 to "risk"!

I wish I had $200.00 to risk lol
Reply
Old Jul 21, 2007 | 11:28 PM
  #4  
leftd90's Avatar
Senior Member
Posts like a Camaro
 
Joined: Nov 2004
Posts: 1,134
Likes: 0
From: Portage, Michigan
leftd90 is on a distinguished road
Default

yeah love the show and it has inspired me for the future.
Reply
Old Jul 21, 2007 | 11:57 PM
  #5  
timothyt5's Avatar
Senior Member
Posts like a Supercharger
 
Joined: May 2007
Posts: 162
Likes: 0
From: Belvidere, NJ
timothyt5 is on a distinguished road
Default

I've flipped a few houses and own a four family house.... that I purchased with no cash out of pocket. You don't always need cash.

There are LOTS of ways to make money with real estate. Some deals may lose money... but that doesn't necessarily make them a bad deal especially if they will eventualy make positive cash flow after a short time.

The only thing you need is drive. We've got lots of that here at BC.
Reply
Old Jul 22, 2007 | 06:48 AM
  #6  
sandrock's Avatar
Senior Member
True Car Nut
 
Joined: Aug 2004
Posts: 3,067
Likes: 1
From: In your garage, swipin' da lug nutz
sandrock is on a distinguished road
Default

You also need a housing market that allows for such profit. Orlando USED to be like that, but there are so many homes on the market now, and so much value being lost, that the owners would rather rent the homes instead of taking a loss on them.

Google search "best housing markets", then do "worst housing markets". Then you should get a good feel on how risky flipping can become.
Reply
Old Jul 22, 2007 | 07:29 AM
  #7  
tallbump's Avatar
Senior Member
True Car Nut
 
Joined: Jun 2005
Posts: 3,808
Likes: 0
From: Erie Pennsylvania
tallbump is on a distinguished road
Default

I love that show. My wish is that they showed what it actually sold for, not what the Realtor lists it for.
The wife and I are thinking about doing this after we get into our own home.
Reply
Old Jul 22, 2007 | 11:18 AM
  #8  
Jim W's Avatar
Senior Member
Expert Gearhead
 
Joined: Dec 2002
Posts: 20,893
Likes: 2
From: Mississauga, Ontario
Jim W is on a distinguished road
Default

There are so many of them on TV now, making every Tom Dick and Harry look like a real estate mogul

However, I do enjoy the show when they focus on the Montelongo brothers in San Antonio.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Danthurs
Lounge
6
Apr 27, 2010 01:09 AM
1993bonnie
General GM Chat
23
Jun 1, 2005 09:05 PM
harofreak00
Your Ride: GM Pictures & Videos
17
Dec 18, 2004 02:13 AM
GAMEOVER
Audio (and aftermarket electronics)
14
Apr 25, 2004 12:57 AM




All times are GMT -4. The time now is 07:41 AM.