Comments on: House Flipping Reality TV Shows: Good or Bad for Newbie Investors and Flippers? http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Omni Chaparalahttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-100066 Omni Chaparala Sun, 18 Dec 2011 01:53:05 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-100066 Experience is a must in flipping houses. TV shows cant give you that experience in their segments. It takes a lot of understanding real estate in the area, market values and also knowledge of what changes to make. Experience is a must in flipping houses. TV shows cant give you that experience in their segments. It takes a lot of understanding real estate in the area, market values and also knowledge of what changes to make.

]]> By: Paulhttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-97028 Paul Mon, 05 Sep 2011 05:41:10 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-97028 I agree to almost everything everyone said on here, although I did not read every post. I am one of the few that took action and enrolled in one of the programs offered by one of the gurus from these TV shows - Armando Montelongo. My experience in the real estate (overall) has taught me a handful of things...good and bad things. I have to say, I am proud to be a student of Armando but after knowing what he'd offered compared to what other gurus have similarly, I was quite disappointed. I've paid over $30,000 for all his courses to learn all the "glamorous" techniques he uses daily to run his business. However, like all business and professionals, they hold back the keys to success, in which I must say, I have to spend over $30,000+ to learn from other gurus and other resources to fully understand and start my own businesses. The only reason why I said I was disappointed was because of the price I've paid with Armando. After learning what the business is really about, I've found other successful gurus' offering same courses (maybe more) for far less than what Armando charges. However, I mustn't say that because I have not taken their class to fully compare.Again, I have spent over $65,000+ in this business just because I've watched their TV show and decided I want in. To all of those who believe that it's not reality, it's really not! However, I see it as a CONCEPT, and with a concept, I can take it into my own hands and make it better. So far, I have made several thousand and looking to make more! I have MUCH to say but it's dragging a little too long, so I'll talk about the highlights and end it. I've been told, "it's too good to be true" or "if it's that good, how come everyone's not doing it" -- I just tell them, "If they can do it, why can't I?" Robert Kiyosaki, one of my favor authors, coaches, mentors, figure, role model said "Don't let people tell you what you can and can't do. You're responsible for your actions." My buddies that are in this business that got into this business one year ahead of me are now making over 6 figure incomes. They inspire me and so does the concept. You just have to think that TV shows aren't just not for entertainment. It's real people and real business. LEARN from it. They make money somehow, and boy, if you are not motivated by money living in this lifetime and in this world...I'd seek advice from you. Money is EVERYTHING in this world. So to wrap this up, I just got to say, everything is a risk factor. Take risk if you believe in it. Heck - driving a car have risks, and guess what? Everyone's eligible take action of their privilege to drive when their risk involved. This world, especially USA, is for risk takers. Do what you have to do and learn from your experience. Remember, anything is possible. In conclusion, I PERSONALLY THINK WATCHING TV CAN MORE POSITIVELY INFLUENCE ONE'S LIFE. PEOPLE LEARN FROM THE MEDIA, AND IT ALL COMES DOWN TO THE PERSON'S INTENTION, INTEGRITY, PERSEVERANCE, AND WHY, WHY THEY CHOSE TO DO THE THINGS THEY DO, SUCH AS WATCHING THESE TV SHOWS?! People have to stop thinking negatively and stop critiquing others, and STEAL their idea and make it ever better. That's the only way you can become successful. Truth is, if you know someone well enough to critique them, they are doing better than you are. The end! Happy investing to everyone! :) HINT HINT: Real Estate is not going to disappear for a long long long LONG time (We need a roof over our heads - DUH.), but guess what will? Investors and Gurus. It is to your benefit to understand and take advantage of the market and make your share of it. There are way too much real estate for 1,000,000 investors to handle. Paul in and out. Reply if you have any questions, comment, concern. I will not waste time debating, but happy to provide insights and confidence to determined individuals. I am worth $1,000/ hr. BYE! I agree to almost everything everyone said on here, although I did not read every post. I am one of the few that took action and enrolled in one of the programs offered by one of the gurus from these TV shows – Armando Montelongo. My experience in the real estate (overall) has taught me a handful of things…good and bad things. I have to say, I am proud to be a student of Armando but after knowing what he’d offered compared to what other gurus have similarly, I was quite disappointed. I’ve paid over $30,000 for all his courses to learn all the “glamorous” techniques he uses daily to run his business. However, like all business and professionals, they hold back the keys to success, in which I must say, I have to spend over $30,000+ to learn from other gurus and other resources to fully understand and start my own businesses. The only reason why I said I was disappointed was because of the price I’ve paid with Armando. After learning what the business is really about, I’ve found other successful gurus’ offering same courses (maybe more) for far less than what Armando charges. However, I mustn’t say that because I have not taken their class to fully compare.

Again, I have spent over $65,000+ in this business just because I’ve watched their TV show and decided I want in. To all of those who believe that it’s not reality, it’s really not! However, I see it as a CONCEPT, and with a concept, I can take it into my own hands and make it better. So far, I have made several thousand and looking to make more! I have MUCH to say but it’s dragging a little too long, so I’ll talk about the highlights and end it.
I’ve been told, “it’s too good to be true” or “if it’s that good, how come everyone’s not doing it” — I just tell them, “If they can do it, why can’t I?” Robert Kiyosaki, one of my favor authors, coaches, mentors, figure, role model said “Don’t let people tell you what you can and can’t do. You’re responsible for your actions.”
My buddies that are in this business that got into this business one year ahead of me are now making over 6 figure incomes. They inspire me and so does the concept. You just have to think that TV shows aren’t just not for entertainment. It’s real people and real business. LEARN from it. They make money somehow, and boy, if you are not motivated by money living in this lifetime and in this world…I’d seek advice from you. Money is EVERYTHING in this world. So to wrap this up, I just got to say, everything is a risk factor. Take risk if you believe in it. Heck – driving a car have risks, and guess what? Everyone’s eligible take action of their privilege to drive when their risk involved. This world, especially USA, is for risk takers. Do what you have to do and learn from your experience. Remember, anything is possible. In conclusion, I PERSONALLY THINK WATCHING TV CAN MORE POSITIVELY INFLUENCE ONE’S LIFE. PEOPLE LEARN FROM THE MEDIA, AND IT ALL COMES DOWN TO THE PERSON’S INTENTION, INTEGRITY, PERSEVERANCE, AND WHY, WHY THEY CHOSE TO DO THE THINGS THEY DO, SUCH AS WATCHING THESE TV SHOWS?! People have to stop thinking negatively and stop critiquing others, and STEAL their idea and make it ever better. That’s the only way you can become successful. Truth is, if you know someone well enough to critique them, they are doing better than you are. The end! Happy investing to everyone! :) HINT HINT: Real Estate is not going to disappear for a long long long LONG time (We need a roof over our heads – DUH.), but guess what will? Investors and Gurus. It is to your benefit to understand and take advantage of the market and make your share of it. There are way too much real estate for 1,000,000 investors to handle. Paul in and out. Reply if you have any questions, comment, concern. I will not waste time debating, but happy to provide insights and confidence to determined individuals. I am worth $1,000/ hr. BYE!

]]> By: Mansfieldhttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-77499 Mansfield Fri, 22 Jan 2010 16:14:14 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-77499 I have to agree with a lot of these comments. Many people set unrealistic goals for flipping houses and end up losing a lot of money. I think what people need to understand is that it takes not only a lot of work..it takes a lot of research (something too many people skip out on) I have to agree with a lot of these comments. Many people set unrealistic goals for flipping houses and end up losing a lot of money. I think what people need to understand is that it takes not only a lot of work..it takes a lot of research (something too many people skip out on)

]]> By: DHhttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-67953 DH Sat, 22 Aug 2009 05:03:17 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-67953 Take it from someone who has tried, flipping houses might be a great rush and a really fun project when it goes well, but it can turn disastrous very quickly. You can't believe these shows depict the real world of real estate anymore than entourage depicts the real world of acting. Take it from someone who has tried, flipping houses might be a great rush and a really fun project when it goes well, but it can turn disastrous very quickly. You can’t believe these shows depict the real world of real estate anymore than entourage depicts the real world of acting.

]]> By: Bobhttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-60292 Bob Mon, 29 Sep 2008 17:55:12 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-60292 I watch these shows just hoping to see huge failures. That's the entertainment for me. I love when they get some family friend to pretend they are going to buy the house. On one show they even got the same person to say they were going to buy the project house on two separate episodes. It was the contractor who worked on the job too! Laughable. I watch these shows just hoping to see huge failures. That’s the entertainment for me. I love when they get some family friend to pretend they are going to buy the house. On one show they even got the same person to say they were going to buy the project house on two separate episodes. It was the contractor who worked on the job too! Laughable.

]]> By: entertainment videoshttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-58198 entertainment videos Mon, 07 Jul 2008 17:31:49 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-58198 I think these types of shows give unrealistic expecatations for most people I think these types of shows give unrealistic expecatations for most people

]]> By: Real Estate Investment: December 15/07 Articles « Canadian Mortgage Advisors Networkhttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-58121 Real Estate Investment: December 15/07 Articles « Canadian Mortgage Advisors Network Fri, 04 Jul 2008 19:26:35 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-58121 [...] Dorkin presents House Flipping Reality TV Shows: Good or Bad for Newbie Investors and Flippers? posted at Real Estate Investing For Real. Gavin R. Putland presents Australia, Hong Kong, Singapore [...] [...] Dorkin presents House Flipping Reality TV Shows: Good or Bad for Newbie Investors and Flippers? posted at Real Estate Investing For Real. Gavin R. Putland presents Australia, Hong Kong, Singapore [...]

]]> By: Carnival of Real Estatehttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-57186 Carnival of Real Estate Mon, 02 Jun 2008 23:58:45 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-57186 [...] ‘House Flipping Reality TV Shows’ by Joshua Dorkin of BiggerPockets AgentGenius and recent past carnival hosts have done a great job picking the most entertaining and informative posts to read but I have to say that I really miss carnivals with a fun theme in mind. [...] [...] ‘House Flipping Reality TV Shows’ by Joshua Dorkin of BiggerPockets AgentGenius and recent past carnival hosts have done a great job picking the most entertaining and informative posts to read but I have to say that I really miss carnivals with a fun theme in mind. [...]

]]> By: Repossession Infohttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-56146 Repossession Info Fri, 18 Apr 2008 13:08:11 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-56146 Overall I think they’re bad for the general public because they set such unrealistic expectations sometimes, but if someone REALLY wants to get into that game there are opportunities to be had if they’re diligent and thorough. I think the thing that really drives me bonkers is seeing the supposed “cost” of a particular piece of the renovation, and then the supposed “value” it adds. That’s the point I really start to pull my hair out - Reno is different from Dallas, which is different from Elizabeth City, NC. To try and make such a broad generalization is inappropriate, IMO. Overall I think they’re bad for the general public because they set such unrealistic expectations sometimes, but if someone REALLY wants to get into that game there are opportunities to be had if they’re diligent and thorough. I think the thing that really drives me bonkers is seeing the supposed “cost” of a particular piece of the renovation, and then the supposed “value” it adds. That’s the point I really start to pull my hair out – Reno is different from Dallas, which is different from Elizabeth City, NC. To try and make such a broad generalization is inappropriate, IMO.

]]> By: Find Homes in Coloradohttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-56093 Find Homes in Colorado Wed, 16 Apr 2008 19:05:30 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-56093 Does anyone actually ever follow the advice or take direction--especially difficult direction--that they see on TV? If everyone followed through after having seen an inspirational/motivational show, we would all be super-fit, wealthy rock stars with clean, organized houses and well-behaved children. Does anyone actually ever follow the advice or take direction–especially difficult direction–that they see on TV? If everyone followed through after having seen an inspirational/motivational show, we would all be super-fit, wealthy rock stars with clean, organized houses and well-behaved children.

]]> By: renaehttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-55439 renae Thu, 20 Mar 2008 00:50:27 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-55439 Never flipped a house before but I would like to. I watch the shows and I agree that there is not enough information about the financial side of house flipping and the correct way to go about it or how many people get a portion of your profits. But, I think that people should be smart enough to know that it is a tv show and there are hidden truths. I believe it would be wise to obtain a real estate courses and learn about the real estate business instead of charging into it blindly or with unrealistic expectations and no knowledge of the business and it's pros and cons. Never flipped a house before but I would like to. I watch the shows and I agree that there is not enough information about the financial side of house flipping and the correct way to go about it or how many people get a portion of your profits. But, I think that people should be smart enough to know that it is a tv show and there are hidden truths. I believe it would be wise to obtain a real estate courses and learn about the real estate business instead of charging into it blindly or with unrealistic expectations and no knowledge of the business and it’s pros and cons.

]]> By: Lake Michigan Beach Buildershttp://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-54956 Lake Michigan Beach Builders Sun, 02 Mar 2008 03:37:42 +0000 http://www.biggerpockets.com/renewsblog/2007/10/03/house-flipping-reality-tv-shows-good-or-bad-for-newbie-investors-and-flippers/#comment-54956 sorry to bring up an old post but....They set an unrealistic stage for the wanna-be or newbie investor. Both ways, private investor and the actual 'flipper'/ buyer / rehabber.Frankly, i dont think just anyone should flip houses. When i flip a house, i have a quality end product. Permits are pulled, professionals are brought in for the tasks that we dont carry expertise in. We check the plumbing, electrical and HVAC. If its not up to snuff, it gets replaced. We care that two years down the road the house could burn down or the plumbing could burst.Too many of those shows have 'investors' that really don't care about the person buying the home, they only care about their bottom line. Instead of fixing the issues they cover them up. Yes, profit and bottom line is important in any business but this business IS personal to the families that purchase YOUR product. sorry to bring up an old post but….

They set an unrealistic stage for the wanna-be or newbie investor. Both ways, private investor and the actual ‘flipper’/ buyer / rehabber.

Frankly, i dont think just anyone should flip houses. When i flip a house, i have a quality end product. Permits are pulled, professionals are brought in for the tasks that we dont carry expertise in. We check the plumbing, electrical and HVAC. If its not up to snuff, it gets replaced. We care that two years down the road the house could burn down or the plumbing could burst.

Too many of those shows have ‘investors’ that really don’t care about the person buying the home, they only care about their bottom line. Instead of fixing the issues they cover them up. Yes, profit and bottom line is important in any business but this business IS personal to the families that purchase YOUR product.

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