Comments on: Another Case of Flip this House Syndrome | A Little Help Flipping Houses

By: Mansfield

Mansfield — Fri, 22 Jan 2010 16:21:30 +0000

LOVE this article. You make so many valid points…its so annoying to me to see all those reality shows..esp the ones that misinterpret the hard work that goes into house flipping.

By: adverse credit mortgage

adverse credit mortgage — Fri, 20 Jun 2008 17:47:14 +0000

Talking about such programmes in the UK, i was watching a programme a week ago, that was finally attempting to give people a true perspective of the proeprty investment and house flipping business. The presenter ventured to buy, renovate, and flip a property in this current market to prove that times are not so rosy anymore.

Its about time reality hit us, but the only problem is that we stil have repeat editions of these programmes being aired that were recorded when th property market was rising.

By: Investment Property

Investment Property — Wed, 19 Dec 2007 15:22:47 +0000

I definately agree on the glamour part of property flipping to make the show more watchable. I am based in the UK and we also have the property ladder and many many more, in fact too many of these shows,

As times have changed i.e the glamour taken out of the property market with the recent troubled times, we are begining to see one or two more realistic shows where they offer more constructive criticism of wannabee developers, which in fact is even more entertaining.

By: J. Shields

J. Shields — Tue, 04 Sep 2007 01:59:37 +0000

I love all the flipping shows I am currently researching info on flipping. I know several people personally who do this. The thing is for beginners go cheap. Buy houses in cheaper areas where you can get a good deal fix them and do not flip…. rent. Increasing your net value is the best way to get into this without having much money. And if you fail you won’t be homeless or in debt it is much easier to sell a cheaper house than an expensive house. Some people may not agree with this way but I have peronally seen sevaral people get into high end flipping by starting this way.

By: KL

KL — Wed, 08 Aug 2007 01:01:48 +0000

Hey, I live in the Ct area and I am an investor. I watch those shows non stop and I can tell you that there is a lot of money to be made by flipping real estate. The key is learning to find distressed properties and then having an exit strategy which allows you to maximize your profits. On my fist flip I made over 40 thousand and it took less than 2 months.

By: 2 BROS BLOGGING

2 BROS BLOGGING — Fri, 18 May 2007 04:14:09 +0000

This is a tough biz. I’m in the process of a flip right now. My initial budget was $12k, it’s at $25k now and its been 4 months!

By: Athol Kay

Athol Kay — Mon, 26 Mar 2007 13:43:18 +0000

The biggie is that you can’t rely on the market to increase to create the profit from the flip. The flip has to make sense economically even if the market holds steady or even drops a bit.

And actually selling the house is a different skill set than fixing the house up. I mean I can sell houses, but really only useful for demolition tasks once holding a power tool. At least the flip shows generally show the flipper using an agent to sell the house. Newbie Flipper + FSBO = uh oh.

By: savvy

savvy — Sun, 25 Mar 2007 16:56:47 +0000

There was one show that did have episodes where people lost a ton of money, but I can’t remember the name of it. I don’t think it’s on anymore. I remember one episode in particular where one member of the couple quit their job to renovate an “investment”. Their holding costs were huge and after about three months they couldn’t finish renovations and they were behind in payments on their primary residence. At the end (the investment property still wasn’t sold), they were still saying there wasn’t anything they’d do different. No idea how it turned out.