Originally Posted By: rdawes
This post was automatically imported from our archived forum.
If you watch the shows “Flip This House” and “Flip That House” (yes they are different shows) on cable you will see some shows where that house for 180K in that condidtion really was a bargain. It all depends on neighboorhood and prevaling prices, i.e. CA. They’ve had examples of a home in that bad of condition where they bought for 250K, spent 60K on renovations and sold for over 400K. Very risky but rewarding if you do it right.
They've had episodes where they were "surprised" by something big in the renovation process where I've thought "Darn, shoulda had an inspection." Perhaps they did know about it and it was hyped up drama for TV.
Ron Dawes - MAB Member