Income Property - New TV show
Do you all watch the new show...income property? He has good ideas and the places he's renovating end up looking so good...partly because of the staging. But I was wondering... the costs to those renos are sometimes too low...I mean, I couldn't get that much done that quick for their budget. Otherwise...I think is a good show...and I also think that if it becomes popular like the FLIP THIS/THAT HOUSE did...we will have tons of regular homeowners want to invest in an INCOME PROPERTY here in the future. Do you guys like the show?
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Typical of real estate “reality†shows, this one ignores expenses. It will show a house being renovated to add an apartment. If the homeowner has a mortgage payment of $2,000 and the apartment will rent for $1,000, they proclaim that the mortgage payment has been cut in half. It totally ignores expenses. They don’t factor the renovation cost in correctly either. Typical reality show BS. I watched a couple of episodes but I can’t stomach it any more.
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