So you think you can flip? Proliferation of house 翻转 and rehab shows highlight a resurgence for big bucks in 真实 estate and a general amnesia of recent financial history.
It is amazing 至 see the resurgence of housing 翻转 and rehab centered shows on cable TV. The shows glamorize the lifestyle of 翻转 forgetting how many people got burned in the previous downturn. Of course, many of the juicy flips already went 至 other 投资者s and now many in the public are itching 至 回到游戏中. Flipping works on a larger scale when the market is appreciating quickly. Why else would you assume the risk? In slow 至 declining markets, 脚蹼 are relegated 至 finding beaten down places and having 至 control costs carefully. You need a team and multiple flips per year 至 make it lucrative. From watching these shows, costs get out of control very fast and many seem 至 have a poor grasp of short-term gains and the bite taxes will have on their profits. There also seems 至 be a “mom 翻转 ” trend. God bless cable television and the creative ways 至 promote 真实 estate!
A few months ago, I caught this piece on ABC Nightline regarding “flipping moms” out in the East Coast. The segment was in a lower cost state so for most California viewers, they must have laughed when they saw how far a dollar could go in other 真实 estate markets. The jokes on them however since the sun only shines on the West Coast (#alwaysbeflipping). No $ 700,000灰泥废料棚 near freeway pollution on these examples. The segment even highlights how careful you need 至 be 至 manage your budget 至 be 成功ful here. However the undertone of “mom 脚蹼” is that “hey, 翻转 is so easy you can have a career, raise a family, and flip homes on the side!” Of course, the downside is you can have a flip that goes awry and it starts consuming your personal budget. Then again, that makes for boring TV. Take a look at the segment:
资源： ABC Nightline
“（ HGTV ）詹（Jen）和巴布（Barb），是两个精通商业的妈妈，也是长期以来的挚友，开始着手在南加州搬家。从购房，交易，装饰选择和资金管理，这两个目标旨在在完成此项目之前学习房屋翻转交易的所有技巧。 Jen和Barb希望通过妈妈的镜头将自己的在家学习与独特的视角相结合，最终希望建造一个完美的家庭住宅，并从转售中获得可观的利润。虽然，因为他们’我们将学习到在修理和翻倒的世界中，没有任何斗争就不会有任何结果。”
发生这种情况的唯一原因是整个市场都对它充满热情。这些表演在萧条之后陷入了黑暗，突然间 加拿大还没有提及地点 change until viewers 真实ized, “hey, that sure doesn’t sound like SoCal lingo! What kind of 钱 is that?!” I recall watching some of these shows back in 2007 and people started making horrible flips that went down very quickly. Who cares about recent history. Tell me more about how 至 make 钱 on flips! Ask and you shall receive.
Flipping is hot in SoCal. A reader sent over this flip in Del Rey. 让 us take a look at it:
12716 Admiral Ave，洛杉矶，CA 90066
They went all out on this flip. These are professionals here and went out of their way 至 make this thing glimmer. You always sell the future and try 至 erase the past. Have you tried 至 watch 1950s or 1960s movies? They don’t exactly hold up well. 让 us look at the sales history here:
You can see the heat in 2013. It first sold for $575,000 in April of 2013 and then for $872,500 in July of 2013 only a few short months later. It was then listed for $1,695,000 in May of this year. So far, no takers. I love that 谷歌 Maps archives street views since it gives you a brief snapshot into the past. 让 us look at this place before it was redone:
鳍躁狂症 又回到了主流！接下来，我们将介绍“ Flipper Tots”和“ Tiaras中的Flippers”或“ Flipping Baby Boomer”，但这只是显而易见的事情。翻转并非易事，但有人必须这么做。你喜欢这个职位吗？订阅Housing Bubble医生的博客以获取最新的住房评论，分析和信息