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re: Question About Financing a House
Posted on 8/29/15 at 9:33 am to ItNeverRains
Posted on 8/29/15 at 9:33 am to ItNeverRains
(no message)
This post was edited on 10/20/21 at 11:35 am
4
Posted on 8/29/15 at 10:39 am to lsutiger2010
I've actually seen them lose 3k on one house.
I'm curious about this topic, too. It sounds like the renovation budget can't be included in the initial mortgage, is that right?
I'm curious about this topic, too. It sounds like the renovation budget can't be included in the initial mortgage, is that right?
Posted on 8/29/15 at 1:46 pm to lsutiger2010
quote:
This show is so damn stupid. Every episode is exactly the same. The guy says "Easy flip, 10-15k in reno." They buy the house. The girl says "No, we are going to turn this house into a fricking palace." Unforeseen problems arise and he claims they will go belly up on the house. Finish the house and it ends up in a bidding war and they make 100k. Wash, rinse, and repeat.
And my g'friend and her parents will watch every episode. Honestly all the home reno shows seem like this.
Posted on 8/29/15 at 3:58 pm to lsutiger2010
quote:
This show is so damn stupid. Every episode is exactly the same. The guy says "Easy flip, 10-15k in reno." They buy the house. The girl says "No, we are going to turn this house into a fricking palace." Unforeseen problems arise and he claims they will go belly up on the house. Finish the house and it ends up in a bidding war and they make 100k. Wash, rinse, and repeat.
Yep, but my wife is addicted to it. I will say this - for the first time I ever saw, the other night the show ended with them losing money.
Posted on 8/29/15 at 4:08 pm to lsutiger2010
quote:
This show is so damn stupid. Every episode is exactly the same. The guy says "Easy flip, 10-15k in reno." They buy the house. The girl says "No, we are going to turn this house into a fricking palace." Unforeseen problems arise and he claims they will go belly up on the house. Finish the house and it ends up in a bidding war and they make 100k. Wash, rinse, and repeat.
They were doing this long before HGTV gave them a show, at any given time they have 12 to 15 houses undergoing rehab, HGTV knows that who their viewers are and that most want to see the big winners.
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