On my local cable TV network I saw that flip that house was on channel TLC from 2:30 to 7pm tonight. That’s 9 shows in a row. I think it started before 2:30, that’s just when I tuned in. This show often will show first time flippers who purchase their first house. They come up with a budget and often go over on money and deadlines. You will see many personal arguments on this show among partners. Their are husband/wife partners and business partners often as two people. These partners quickly get over their heads, and are in for far more work than they anticipated. The show will show step by step as they put each part of the house together and as they make the tough decisions along the way. What I do like about this show is it shows a lot of different personalities, skill levels, and different parts of the country. I find that I learn about the business from different angles as everyone has a different approach and the approach changes with different prices points, hot and cold markets, experience levels and what part of the country it’s in. I think some people put too much into the property, some people take too long to get the property repaired. I do think most people on the show think they have the business figured out, but it takes years to get very efficient at the process. Just because someone knows how to install cabinets, floors, roofs, siding, etc. doesn’t mean they understand the full scope of the entire business. Timelines, holding costs, closing costs, bank financing, showings are all a very big part of the business. Just knowing how to repair the house is just a small part of the business. You can easily lack in many areas and not be well balanced and just plain lose money.
For any of those looking to get into the rehab business, you should check out some other postings on this blog that talk about various rehab tv shows, and dvd collections that you can buy of these tv shows so that you can watch them on your own time. There is so much available out there to learn from with this particular topic, and most of all unlimited ways to make mistakes. Stay tuned to this blog for reviews on similar shows and channels that show this DIY type stuff 24 hours per day sometimes.
