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Old 07-21-2007, 10:15 PM   #1
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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.
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Old 07-21-2007, 10:50 PM   #2
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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"!
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Old 07-21-2007, 11:21 PM   #3
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Quote:
Originally Posted by brianj

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

I wish I had $200.00 to risk lol
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Old 07-22-2007, 12:28 AM   #4
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yeah love the show and it has inspired me for the future.
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Old 07-22-2007, 12:57 AM   #5
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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.
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Old 07-22-2007, 07:48 AM   #6
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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.
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Old 07-22-2007, 08:29 AM   #7
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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.
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Old 07-22-2007, 12:18 PM   #8
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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.
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