TheByte

Michael · 10-01-2006, 12:58 AM

Today I was watching a show on TLC, in which a guy was documented in how he would purchase homes and flip them for a living. Personally I would love to do something like that because I get to construct and fix things in the house, which is something I like. He was pretty much doing everything with his friends. Didn't higher an electrician and made the house a marvel.

Choleric · 03-04-2007, 02:21 AM

heh, late response...

but I just saw a few re-runs of this show, and I must say that I like it as well, I have always liked shows like this, contruction and refurbishing have always been a admiration of mine.

I used to always watch This Old House, that was a great show, unfortunately TV has little time in my life these days, wish I could watch more shows like this.

Mirage77 · 03-04-2007, 04:51 AM

My dad does this occasionally as a hobby... Though he doesn't do work on the house like what you guys term 'flipping' as, he just buys and sells within a period of a few months. That's what flipping means here.

Rob · 03-04-2007, 04:57 AM

So is 'flipping': buying a house, renovating it, and then selling it?

Choleric · 03-04-2007, 05:01 AM

Quote:

Originally Posted by Rob

So is 'flipping': buying a house, renovating it, and then selling it?

Yeah, esentialy you buy a house for a certain amount than you put a certain amount of money into it to increase its value. Then you sell the house after refurbishing it to make a profit.

Centurion · 03-04-2007, 04:07 PM

Flipping marks the start of becoming a real estate tycoon. Some of the tycoons out there started out with flipping and after 5-10 years they were into restoring a whole block of houses and turning them into attractive villas.

Giannis · 03-04-2007, 04:25 PM

Flipping is sure a great way to make money, but you need a lot of money, talent and you have to be deep into constructions.

Myself, i am into constructions (me and dad are civil engineers) but i lack money. And we are talking about a complete lack of money

Now father, is thinking of doing his first steps in this, but he also thinks its a little late for him.

10-01-2006, 12:58 AM	#1
Michael Fanatic Moderator Emeritus Join Date: Sep 2005 Location: Florida Posts: 2,150 Thanks: 109 Thanked 184 Times in 106 Posts	Flipping Today I was watching a show on TLC, in which a guy was documented in how he would purchase homes and flip them for a living. Personally I would love to do something like that because I get to construct and fix things in the house, which is something I like. He was pretty much doing everything with his friends. Didn't higher an electrician and made the house a marvel.

03-04-2007, 02:21 AM	#2
Choleric Justice Join Date: Oct 2005 Location: Great Plains Posts: 2,513 Thanks: 236 Thanked 569 Times in 292 Posts	Re: Flipping heh, late response... but I just saw a few re-runs of this show, and I must say that I like it as well, I have always liked shows like this, contruction and refurbishing have always been a admiration of mine. I used to always watch This Old House, that was a great show, unfortunately TV has little time in my life these days, wish I could watch more shows like this.

03-04-2007, 04:51 AM	#3
Mirage77 The Doughnutman. Join Date: Sep 2005 Location: Singapore Posts: 3,987 Thanks: 185 Thanked 213 Times in 139 Posts	Re: Flipping My dad does this occasionally as a hobby... Though he doesn't do work on the house like what you guys term 'flipping' as, he just buys and sells within a period of a few months. That's what flipping means here.

03-04-2007, 04:57 AM	#4
Rob Aficionado Join Date: Sep 2005 Posts: 4,618 Thanks: 892 Thanked 719 Times in 401 Posts	Re: Flipping So is 'flipping': buying a house, renovating it, and then selling it?

03-04-2007, 04:07 PM	#6
Centurion Connoisseur Join Date: Sep 2005 Posts: 5,677 Thanks: 146 Thanked 205 Times in 134 Posts	Re: Flipping Flipping marks the start of becoming a real estate tycoon. Some of the tycoons out there started out with flipping and after 5-10 years they were into restoring a whole block of houses and turning them into attractive villas.

03-04-2007, 04:25 PM	#7
Giannis Fanatic Join Date: Oct 2005 Location: Patra, Greece Posts: 2,375 Thanks: 38 Thanked 60 Times in 45 Posts	Re: Flipping Flipping is sure a great way to make money, but you need a lot of money, talent and you have to be deep into constructions. Myself, i am into constructions (me and dad are civil engineers) but i lack money. And we are talking about a complete lack of money Now father, is thinking of doing his first steps in this, but he also thinks its a little late for him.

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