Has anyone seen the show "Property Ladder" on TLC? What do you think? Are the experiences depicted on the show typical of what you see out there on your projects?
NO!!
i saw one last night were the guy made $550,000 in 7 days. It was called flip this house or something in Mrytle beach, on A and E. IT appears that when they come up with the profits on these shows they forget about realtor fees, closing fees, and holding costs oh yeah and CLOSING. They never are seen leaving the title company and everyone in this business should know. Dont count your Cash until you leave closing!!!
It does always say "potential" profit or Gross profit before costs or something to that effect and some of the shows end before the seller does get a bite on the property
It does always say "potential" profit or Gross profit before costs or something to that effect and some of the shows end before the seller does get a bite on the property
Between the three "flipper" shows on TLC "Property Ladder" is the one worth paying attention to; normally it highlights mistakes and captures the ignorant approaches that some investors make. However, tivo makes all three shows worth watching.
Did the For Sale sign say "Flip This House" ? Why would the Rehabber put that sign up? I wonder if the show buys the homes from the Rehabber on the show if they do not sell in some period of time.
I watch "Flip This House" , "Flip That House" and "Property Ladder" because I always learn a little. But the one that is the most realistic is Property Ladder because it shows all of the mistakes made and some of the investors do not make money - some actually lose.
I saw $1M listing also. The buyer makes an offer about $34K OVER the listing price. Then, after the inspection, surprise!, they find $34K in repairs. Thus, they counteroffer back at listing price. How transparent! At least, pretend and ask for say $36K or maybe $32K.
It also seemed that this was filmed a year ago. The market was hot in Malibu.
Did you see it last night the San Antonio Texas team
What a bunch of low budget hacks are there any contractor license requirements or inspections done in san antonio tx
if i were buying in that area i would stay away from that company filling in a washed out area with mulch then burying
it with a little loam how pissed off is that buyer going to be
when the back yard sinks and washes out. Spray painting the grass? are people realy that stupid down there that they would beleive the grass is greener on thier side of the fence?
This is intereting. You posted about the group that made 550k in 7 days in myrtle beach from that flip that house show. Let me tell you this, I am an investor in the myrtle beach area and drive by that house about once a week or so....IT IS STILL FOR SALE!! Has been for a very, very long time. Thought you might like that.
i dont know about you guys but it think it is some what realistic. I did a rehab last month with just myself and my partner and we completly gutted a bathroom to the studs and build a new one with ceramic floor and did a ceramic floor in the kitchen,ceramic backsplash, all new lights and fans, and counters and sinks windows, sheetrock living room, full paint, hardwood floors, door knobs, carpet furnace, water pump, tank, foot valve in the well, and a full 2 dumpster clean out and demo in 6 days. we both worked 13 hour days for the full 6 days. 5 days later i sold it FSBO and am closing this week. It has taken me a total of 45 days from the time i closed to get my cash at the closing. the profit is going to be 32k. The one part about that show this is NOT realistic, which i agree with some of the other people, is the profit these people claim to be making. they sell with an agent half the time and dont include the agent commission or any other closing cost.
p.s. im not going to prof read this so sorry for the mistakes if there are any.
-Ryan
a year later and property ladder is still going strong
i like it i agree the substandard work the montelongos do
is disturbing flip this house is doing the updates on past projects amazing how many turned out so bad as far as profits go. the montelongos just did a show where he took
his intern to three of his previous projects where deals fell thru
and caused the break up of his partnership with his brother.
how about the city/town building departments where the projects happen without permits do they go after them and fine them? i thought i noticed in some of the shows that
the sales were financed by the Montelongos do you think
he had to forclose on any of them.?
Anyone??????
NO!!
i saw one last night were the guy made $550,000 in 7 days. It was called flip this house or something in Mrytle beach, on A and E. IT appears that when they come up with the profits on these shows they forget about realtor fees, closing fees, and holding costs oh yeah and CLOSING. They never are seen leaving the title company and everyone in this business should know. Dont count your Cash until you leave closing!!!
It does always say "potential" profit or Gross profit before costs or something to that effect and some of the shows end before the seller does get a bite on the property
It does always say "potential" profit or Gross profit before costs or something to that effect and some of the shows end before the seller does get a bite on the property
so are you taking a shot at us because we watch TV? A wise man once told me "All work and no play makes for a very dull day"
Between the three "flipper" shows on TLC "Property Ladder" is the one worth paying attention to; normally it highlights mistakes and captures the ignorant approaches that some investors make. However, tivo makes all three shows worth watching.
Ubritt:
Did the For Sale sign say "Flip This House" ? Why would the Rehabber put that sign up? I wonder if the show buys the homes from the Rehabber on the show if they do not sell in some period of time.
I watch "Flip This House" , "Flip That House" and "Property Ladder" because I always learn a little. But the one that is the most realistic is Property Ladder because it shows all of the mistakes made and some of the investors do not make money - some actually lose.
I saw $1M listing also. The buyer makes an offer about $34K OVER the listing price. Then, after the inspection, surprise!, they find $34K in repairs. Thus, they counteroffer back at listing price. How transparent! At least, pretend and ask for say $36K or maybe $32K.
It also seemed that this was filmed a year ago. The market was hot in Malibu.
Did you see it last night the San Antonio Texas team
What a bunch of low budget hacks are there any contractor license requirements or inspections done in san antonio tx
if i were buying in that area i would stay away from that company filling in a washed out area with mulch then burying
it with a little loam how pissed off is that buyer going to be
when the back yard sinks and washes out. Spray painting the grass? are people realy that stupid down there that they would beleive the grass is greener on thier side of the fence?
palmguy30,
This is intereting. You posted about the group that made 550k in 7 days in myrtle beach from that flip that house show. Let me tell you this, I am an investor in the myrtle beach area and drive by that house about once a week or so....IT IS STILL FOR SALE!! Has been for a very, very long time. Thought you might like that.
i dont know about you guys but it think it is some what realistic. I did a rehab last month with just myself and my partner and we completly gutted a bathroom to the studs and build a new one with ceramic floor and did a ceramic floor in the kitchen,ceramic backsplash, all new lights and fans, and counters and sinks windows, sheetrock living room, full paint, hardwood floors, door knobs, carpet furnace, water pump, tank, foot valve in the well, and a full 2 dumpster clean out and demo in 6 days. we both worked 13 hour days for the full 6 days. 5 days later i sold it FSBO and am closing this week. It has taken me a total of 45 days from the time i closed to get my cash at the closing. the profit is going to be 32k. The one part about that show this is NOT realistic, which i agree with some of the other people, is the profit these people claim to be making. they sell with an agent half the time and dont include the agent commission or any other closing cost.
p.s. im not going to prof read this so sorry for the mistakes if there are any.
-Ryan
a year later and property ladder is still going strong
i like it i agree the substandard work the montelongos do
is disturbing flip this house is doing the updates on past projects amazing how many turned out so bad as far as profits go. the montelongos just did a show where he took
his intern to three of his previous projects where deals fell thru
and caused the break up of his partnership with his brother.
how about the city/town building departments where the projects happen without permits do they go after them and fine them? i thought i noticed in some of the shows that
the sales were financed by the Montelongos do you think
he had to forclose on any of them.?
Trademark is now the real estate pros
still a good show