Tarek Elmoussa flipping

[Jacques Edouard Dessejour Lapierre]

Why do I feel like Tarek Elmoussa is paying way too much for the houses he flips on his tv show? Like is he even using the 70% rule when it comes to ARV?

I watched this episode where he actually paid 420k for a house that asked 450k. 4 bedrooms and 3 bathrooms in Long Beach California. Comps were in the high 600k. It was a vacant. And repairs were up to 155k

I did my numbers and I would say max price should have been 160k but he paid 420k!!!!

What am I missing here?

Thank you

[Kyle J.]

These TV shows should be for entertainment, not education.  They leave out all kinds of details/numbers.