Flipping Fast

[barry1010]

Anyone else watching this? Last episode tonight and I have enjoyed it but I feel a bit let down - it promised more than it delivered.

How long does it take to complete the purchase of a house bought at auction, on average? That could make a huge difference to the number of properties one can 'flip' in a year.

[barry1010]

Mother and daughter pair invented 'dressing', doncha know

[Redhelen72]

I wanted the Norfolk couple to win - although they did annoy me somewhat by playing a bit 'simple' at times!

[pastafreak]

I fully expected the Norfolk couple to win. I think they learned a lot in the process. How they did that last property on such a small budget was amazing. How it holds up is another thing.

Were the mother and daughter planning to set up a business flipping...or staging?

The trouble with flipping is that it reduces further the number of properties available for first time buyers. There's a huge difference between £85,000 and liveable and £120,000+ and done up.

One of the American programs I watch is set in Detroit. The guys doing it sometimes buy for as little as $1,000/selling for $85,000 when done. There's nothing that low here, is there?

[barry1010]

I agree, Pasta, very hard for first time buyers to get a foot on the property ladder.