Originally posted by "charles whitaker":I haven't met a single person that does this job well that saw it on TV and decided to start (rehabbing that is).

Watching these shows on TV about fix and flip i'm guessing the filiming took place in bull markets, not bear markets.

While at that said condo, I opened up a cabinet above the TV looking for videos, and came across a book on owning rental property.4.

Just flipping isn't as rampant and being a landlord doesn't make for sexy TV shows, so people bailed out.

I've only recently become interested in real estate investing and have spent the last several months digesting books, magazines, DVDs and TV shows on the subject.

I know people are making money in real estate but I also read the post where the shows on tv are not telling the truth and the profits arent as big as they say, I also have friends who say they make a ton of money in this.

A DBA won't provide that protection.Not a lawyer and don't play one on TV.

The TV is chattle (personal property) and won't affect the value of the home.That doesn't change the fact a lender might be less willing to take it in the shorts if the owner found money for a 70" plasma TV.

Does anyone ever watch this show (one of the many flipping shows TV - "Flip This House, Flip That House", etc. etc.)I LOVE this show.

You have to inventory everything at movein/out, deal with stained table tops and upholstery, and repair/replacement when a tv or other appliance dies during a rental term.Vacation rentals OTOH, must have everything...linens, flatware, small appliances, probably cable and phone, etc. etc. but in theory you get a substantially higher rate for that type of unit.