HOUSE FLIPPING IN FLIP THAT HOUSE
DISCOVERY HOME CHANNEL EXPLORES THE ANXIETY, TRIUMPHS AND TRIBULATIONS OF HOUSE FLIPPING IN FLIP THAT HOUSE
World Premiere Series from Emmy-winning Producer R.J. Cutler Launches Thursday, July 14, at 9:30 PM (ET/PT)
With the world premiere of Flip That House, created by Emmy-winning producer R.J. Cutler (American High, 30 Days), Discovery Home Channel showcases a real estate gamble that a growing number of home owners are playing. Premiering on Thursday, July 14, at 9:30 PM (ET/PT), Flip That House tells the real stories of people gutsy enough to buy a fixer-upper, gambling that they can “flip” that home from wannabe to where-to-be…and turn a profit.
Each 30-minute episode features a different “flip” project with unique and unpredictable challenges. Some flip projects require minimal work, perhaps as little as a coat of paint, while others prove to be more challenging, especially if a flipper purchases a historic home in need of restoration. Flippers run the gamut as well. Viewers are introduced to a few first-time flippers, including a pair of new parents who go over budget and over schedule to turn a profit, and a professional singer who delves into flipping as a daytime career. Viewers will also meet an interior designer who uses her connections to find discounted supplies for her kitchen remodel, as well as a professional flipper with more than100 flips under her belt, who uses the helpful hands of her family to ensure quality work while keeping to her budget.
Each episode of Flip That House features interviews not only with the homeowners, who express their visions and tactics for success, but with the contractors working each flip, as they lend their expertise and advice on what improvements are absolutely necessary for profit. Viewers see the transformation of each house through extensive footage of the repairs and renovation work. Viewers are privy to each house flipper’s strategy and execution, as they deliberate how best to spend their proposed budget. A final walkthrough and evaluation with a professional realtor reveals just how successful each flip has been. In episode two, although homeowner Kelly goes over budget with a hip North Hollywood home she purchased for $370,000, she ultimately lists her investment at $549,000, netting her a $124,000 profit.
Discovery Networks, U.S., a unit of Discovery Communications, Inc., operates and manages the Discovery Channel, TLC, Animal Planet, the Travel Channel, Discovery Health Channel, Discovery HD Theater, Discovery Kids Channel, Discovery Times Channel, The Science Channel, Military Channel, Discovery Home Channel, Discovery en Español and FitTV. The unit also distributes BBC AMERICA.
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World Premiere Series from Emmy-winning Producer R.J. Cutler Launches Thursday, July 14, at 9:30 PM (ET/PT)
With the world premiere of Flip That House, created by Emmy-winning producer R.J. Cutler (American High, 30 Days), Discovery Home Channel showcases a real estate gamble that a growing number of home owners are playing. Premiering on Thursday, July 14, at 9:30 PM (ET/PT), Flip That House tells the real stories of people gutsy enough to buy a fixer-upper, gambling that they can “flip” that home from wannabe to where-to-be…and turn a profit.
Each 30-minute episode features a different “flip” project with unique and unpredictable challenges. Some flip projects require minimal work, perhaps as little as a coat of paint, while others prove to be more challenging, especially if a flipper purchases a historic home in need of restoration. Flippers run the gamut as well. Viewers are introduced to a few first-time flippers, including a pair of new parents who go over budget and over schedule to turn a profit, and a professional singer who delves into flipping as a daytime career. Viewers will also meet an interior designer who uses her connections to find discounted supplies for her kitchen remodel, as well as a professional flipper with more than100 flips under her belt, who uses the helpful hands of her family to ensure quality work while keeping to her budget.
Each episode of Flip That House features interviews not only with the homeowners, who express their visions and tactics for success, but with the contractors working each flip, as they lend their expertise and advice on what improvements are absolutely necessary for profit. Viewers see the transformation of each house through extensive footage of the repairs and renovation work. Viewers are privy to each house flipper’s strategy and execution, as they deliberate how best to spend their proposed budget. A final walkthrough and evaluation with a professional realtor reveals just how successful each flip has been. In episode two, although homeowner Kelly goes over budget with a hip North Hollywood home she purchased for $370,000, she ultimately lists her investment at $549,000, netting her a $124,000 profit.
Discovery Networks, U.S., a unit of Discovery Communications, Inc., operates and manages the Discovery Channel, TLC, Animal Planet, the Travel Channel, Discovery Health Channel, Discovery HD Theater, Discovery Kids Channel, Discovery Times Channel, The Science Channel, Military Channel, Discovery Home Channel, Discovery en Español and FitTV. The unit also distributes BBC AMERICA.
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posted by Jeanette at Tuesday, July 12, 2005
1 Comments:
One of the issues in flipping, is cost for selling the home after improvements. In Washington state there is an 1.68% excise tax in addition to commissions(if listed with realtor) and closing costs. You could be paying 8 to 10 percent. On a $400,000 house, $40,000.
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