Flipping Houses May Be Easy On TV But It’s Extremely Hard In Real Life
May01

Flipping Houses May Be Easy On TV But It’s Extremely Hard In Real Life

People have always enjoyed television, especially with new streaming services like Netflix, which is the single largest bandwidth uses across the entire Internet, accounting for over 38% of all peak evening hour traffic, but now they are combining their love of TV entertainment with a new trend that has become increasingly popular over the last few months: house flipping. According to The Washington Post, although so many people enjoy watching these house flipping television programs, actually flipping a house and successfully selling it to a new owner for a profit is not nearly as easy as many popular TV shows make it out to be. Flipping houses takes a lot of effort, hard work, and is even extremely dangerous. “The myth of the TV show is that you can just do this [flip a house] right away,” said Aarron Cunningham, Chief Engineering Officer of Inland Capital, who has oversaw an estimated 400 house flipping projects since 2003. “In reality, you have to do a lot of houses before you get really good at it.” The Spokesman-Review reports that a typical house flipping project needs between $30,000 and $40,000 of initial funding cash, which can be extremely difficult for just anyone to obtain and put immediately into a construction project, especially with little or no experience. “Some companies advise you to run up your credit cards for a flip,” added Cunningham. The perfect type of house for flipping is usually a nuisance home that has no working plumbing, no heating, and no structural support. Indoor plumbing, which dates back to roughly 2500 B.C., however, isn’t a skill that just anyone can pick up on after watching a few cable TV house flipping shows. And neither are many other aspects of these major construction projects. “Everyone sees a house they really like and think it’s going to be just like that TV show,” added...

Read More