Entries from December 2007 ↓

“Flip This House” currently tends to focus on renovators in San Antonio and New Haven, and the show promises to add renovators from Atlanta and Los Angeles in the new season. In truth, however, larger and pricier markets are not always the best sites for flipping. Areas where house values are inflated tend to price many homebuyers out of the sale. Smart investors look at many markets to find not an attractive home but a market with good home values and the potential for growth.

TLC’s vice president of programming has said that “Flip That House” will start to outline how each investment deal panned out, but this little touch of realism is still in the future.  Again, there is very little “learn real estate investing” information – if at all – taught on each episode, and instead, focuses on the entertaining and rosy upside.  Today, most of these shows suggest that investors make a lot of money fast – each time. That’s simply not true in today’s economy, where investors who do not know what they are doing stand to lose their shirts.