People have always enjoyed television, especially with new streaming services like Netflix, which is the single largest bandwidth uses across the entire Internet, accounting for over 38% of all peak evening hour traffic, but now they are combining their love of TV entertainment with a new trend that has become increasingly popular over the last few months: house flipping.
According to The Washington Post, although so many people enjoy watching these house flipping television programs, actually flipping a house and successfully selling it to a new owner for a profit is not nearly as easy as many popular TV shows make it out to be.
Flipping houses takes a lot of effort, hard work, and is even extremely dangerous.
“The myth of the TV show is that you can just do this [flip a house] right away,” said Aarron Cunningham, Chief Engineering Officer of Inland Capital, who has oversaw an estimated 400 house flipping projects since 2003. “In reality, you have to do a lot of houses before you get really good at it.”
The Spokesman-Review reports that a typical house flipping project needs between $30,000 and $40,000 of initial funding cash, which can be extremely difficult for just anyone to obtain and put immediately into a construction project, especially with little or no experience.
“Some companies advise you to run up your credit cards for a flip,” added Cunningham.
The perfect type of house for flipping is usually a nuisance home that has no working plumbing, no heating, and no structural support. Indoor plumbing, which dates back to roughly 2500 B.C., however, isn’t a skill that just anyone can pick up on after watching a few cable TV house flipping shows. And neither are many other aspects of these major construction projects.
“Everyone sees a house they really like and think it’s going to be just like that TV show,” added Cunningham.
