Dont Be Fooled By Flipping TV Shows

[Russell Brazil]

So I was just watching a flipping show. I dont want to publicly shame the individuals....but after doing the math using the numbers they used on the TV show for purchases, sales and renovation costs, and estimating the carrying costs using typical hard money rates for the market where the property was....Im estimating the flip lost $13,000. Im sure when you factor in the TV appearance fee, plus future generated business from being on a tv show they will come out ahead, but I think they lost money on this flip.

[Kuba F.]

I have some bad news.  In order to remove this wall we're going to have to add a load-bearing beam that we didn't budget for! Gasp! Cut to commercial.