In preparation for the upcoming football season, our family has finally hooked up service through Dish Network. We no longer have to crash a friend’s house to watch football games on ESPN! Anyway, unfortunately there isn’t a live football game on 24/7, so we flipped channels and found a show called “Flip That House” on HGTV.
It was definitely an interesting show. As you can guess, the show follows a real estate investor as they buy a crappy house and fix it up to sell at a profit. It is really cool to see the work they do on these crappy houses, but I worry this is giving people the impression this is a sure-fire way to make a quick profit. I found it interesting that on a couple of these episodes they never said what the home actually sold for (if it even sold), just what they listed the house for.
Also, all of the episodes we saw were in Southern California, where the property values are way inflated anyway. In most of the rest of the country, I don’t know that you would be able to put $50,000 into a house and still make a profit since the values are relatively low.
