Flip or Flop: What the Flipping Houses Show Keeps Hidden From You

Flip or Flop with Tarek and Christina El Moussa is one of many reality tv shows based on house flipping, which highlight the profit potential of flipping houses without the details.

Flipping houses is highly profitable, but also risky. There are many expenses involved while rehabbing a property, such as monthly loan payments, taxes, insurance, any unexpected expenses above the rehab budget that happen with any flipper. But they don’t provide any of the secondary expenses.

Flip or Flop only provides simple numbers for the viewer such as purchase price and rehab budget. But they don’t provide the line items for the budget, how they financed the flip, or any accessory costs.

The fact that the Flip or Flop show doesn’t provide the expenses for property taxes and insurance makes me believe that they are hiding many other numbers as well.

How do they get financing for the property? If they’re really doing a few deals per year, then that means they could have $1mm+ of cash out in houses at any one time. If they aren’t using cash, then they’re getting the project financed. If they are getting it financed and not providing any of the numbers involved, then they aren’t being transparent.

I’m making this video so that those who watch these Flip or Flop shows can see that they are not explaining the entire process in a transparent manner.

If you’re interested in flipping houses, then find great resources online that provide real account of how to rehab properties, whether the resource is popular podcasts, blog posts, or forums.

Here are the numerous complaints I have with the Flip or Flop shows:
– They do not go in detail about the financing of the property which their viewers need to know if they would like to flip houses as well.
– They do not explain how they found their contractor or how they manage their teams of contractors.
– They do not explain where they get their deals from, whether from the MLS or trusted wholesalers.
– They do not video any moments during the closing process of dealing with an agent or dealing with buyers.
– They aren’t transparent about all of their expenses during the rehab process.
– They aren’t transparent about all of the things that can go wrong during a flip, including any headaches during closes, any hiccups during the purchase process, or any financing issues of the buyer.


★ From $0 to $4,500 a Month in Income ★
↪ https://www.youtube.com/watch?v=wp3ogxvDZQY

★ From $4,500 to $7,000 a Month in Income ★
↪ https://www.youtube.com/watch?v=MLCPhSLUbKM

★ From $7,000 to $10,000 a Month in Income ★
↪ https://www.youtube.com/watch?v=SBb9VFkaA

★ How I Went From $0 to $100k Net Worth in Under 3 Years ★
↪ https://www.youtube.com/watch?v=eYy1BN4iGBA

Multi-Family Millions: https://amzn.to/36tjiny
The Book on Rental Property Investing (Bigger Pockets): https://amzn.to/2TWmfud
Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple: https://amzn.to/2Rp5I0g
The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits: https://amzn.to/37syiDE
The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties: https://amzn.to/3aNaI6P
The Book on Estimating Rehab Costs: The Investor’s Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs (Bigger Pockets): https://amzn.to/2TWQcus
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties: https://amzn.to/2Rqp9po

Choose Yourself!: https://amzn.to/36wHqGd
Traction: How Any Startup Can Achieve Explosive Customer Growth: https://amzn.to/2TVoTAt
Tools of Titans: https://amzn.to/2RqVEUz
The 4 Hour Workweek: https://amzn.to/2RNnRnr
Shoe Dog: A Memoir by the Creator of Nike: https://amzn.to/2GtcY4R
Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal: https://amzn.to/2GplZMA
Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley: https://amzn.to/36ojwfF
The Accidental Billionaires: The Founding of Facebook: A Tale of Sex, Money, Genius and Betrayal: https://amzn.to/36wHupr
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future: https://amzn.to/2OeuxKD

The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph: https://amzn.to/2RNoiOB
The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results: https://amzn.to/3aFYv3y
Deep Work: Rules for Focused Success in a Distracted World: https://amzn.to/2tGEk55
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto): https://amzn.to/38C87KS
Talent is Overrated: What Really Separates World-Class Performers from Everybody Else: https://amzn.to/36sOJP4

Products You May Like

Articles You May Like

Three KEY Steps To Buying Hunting Property!!
New York must save the Central Park Boathouse — here’s how to get the job done
Prominent art dealer Rudolf Budja lists colorful Florida estate for $29M
Here’s where China’s real estate troubles could spill over
Number of US home listings surge at record rate as market cools

Leave a Reply

Your email address will not be published.