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Updated over 6 years ago on . Most recent reply

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17
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4
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Mahmoud Tellou
  • New to Real Estate
  • Markham, ON
4
Votes |
17
Posts

How real are HGTV programs?

Mahmoud Tellou
  • New to Real Estate
  • Markham, ON
Posted
Hello bigger pocketers! I know, I know, don’t believe anything you see on TV is what they say. But I was curious to know from people who are in the flipping business already how much of what is shown on HGTV is real? Did you ever find anything on those programs beneficial to you? Surely it can’t be all lies, no? Thanks!

Most Popular Reply

User Stats

101
Posts
135
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Darren Lenick
  • Flipper/Rehabber
  • Davie, FL
135
Votes |
101
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Darren Lenick
  • Flipper/Rehabber
  • Davie, FL
Replied

You have to look at them for what they are - entertainment. Nobody should look at them as any form of training or education as a lot of things/steps are left out of the shows.

Mostly, the critical tasks needed to be successful in flipping aren’t shown:

- how to find properties

- how to determine ARV

- how to determine the budget NEEDED to rehab the house to meet that ARV

- carrying and closing costs

- TIME!!!!!

I’ve did a couple of reality shows, one of which was realty based, and can confirm that it is in facets scripted. Most of the truly important stuff goes on in the background.

Consider this:  if you’re in the fix and flip business full time, why would you go on TV and divulge the entire process and create additional competition in an already flooded market?

That being said, I find the show First Time Flippers HILARIOUS!!!  😜😂😂😂

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