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 07-21-2007, 09:15 PM
  #1  
Senior Member
True Car Nut
Thread Starter
 
Shadow's Avatar
 
Join Date: Feb 2006
Location: Delaware & Long Island NY
Posts: 3,239
Likes: 0
Received 0 Likes on 0 Posts
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.
Old 07-21-2007, 09:50 PM
  #2  
Senior Member
Posts like a Camaro
 
brianj's Avatar
 
Join Date: Apr 2005
Location: Niagara Falls Ontario Canada
Posts: 1,121
Likes: 0
Received 0 Likes on 0 Posts
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"!
Old 07-21-2007, 10:21 PM
  #3  
Senior Member
True Car Nut
Thread Starter
 
Shadow's Avatar
 
Join Date: Feb 2006
Location: Delaware & Long Island NY
Posts: 3,239
Likes: 0
Received 0 Likes on 0 Posts
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
Old 07-21-2007, 11:28 PM
  #4  
Senior Member
Posts like a Camaro
 
leftd90's Avatar
 
Join Date: Nov 2004
Location: Portage, Michigan
Posts: 1,134
Likes: 0
Received 0 Likes on 0 Posts
leftd90 is on a distinguished road
Default

yeah love the show and it has inspired me for the future.
Old 07-21-2007, 11:57 PM
  #5  
Senior Member
Posts like a Supercharger
 
timothyt5's Avatar
 
Join Date: May 2007
Location: Belvidere, NJ
Posts: 162
Likes: 0
Received 0 Likes on 0 Posts
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.
Old 07-22-2007, 06:48 AM
  #6  
Senior Member
True Car Nut
 
sandrock's Avatar
 
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Likes: 0
Received 1 Like on 1 Post
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.
Old 07-22-2007, 07:29 AM
  #7  
Senior Member
True Car Nut
 
tallbump's Avatar
 
Join Date: Jun 2005
Location: Erie Pennsylvania
Posts: 3,808
Likes: 0
Received 0 Likes on 0 Posts
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.
Old 07-22-2007, 11:18 AM
  #8  
Senior Member
Expert Gearhead
 
Jim W's Avatar
 
Join Date: Dec 2002
Location: Mississauga, Ontario
Posts: 20,893
Likes: 0
Received 1 Like on 1 Post
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.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Danthurs
Lounge
6
04-27-2010 01:09 AM
1993bonnie
General GM Chat
23
06-01-2005 09:05 PM
harofreak00
Your Ride: GM Pictures & Videos
17
12-18-2004 02:13 AM
GAMEOVER
Audio (and aftermarket electronics)
14
04-25-2004 12:57 AM



Quick Reply: Flip that house



All times are GMT -4. The time now is 07:56 PM.