"R Taylor" wrote in message
...
Bob wrote:
"IMM" wrote in message
...

"Mike Halmarack" wrote in message
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At 3 am this morning my wife asked me why the living expenses are not
shown for these couples who drop everything else to do up the selected
properties whilst appearing on TV.
Is the program mainly intended as entertainment, information or
heavily slanted advertising on behalf of needy housing market
professionals?
I suppose it could be seen as some or all of those.

The amount of people who make little or lose is astounding. Doing up
property to sell is a dodgy game and you have to know what you are
doing and
the market the house is in. Beany knows her stuff and if her
guidelines are
followed you will make money, or not lose. The most important point is
know
the market the house or flat is in and what will add value in that
market.

A lot of the people I've seen on that show have only made money because
house prices have risen while they've been doing it up. In some cases
they'd have been better of doing nothing to it at all, leaving it unlet
and
just selling it a year later.

Bob

I'd have took the £15 pure profit that the solicitor offered and used it
as
a deposit on a finished house /then/ waited 12 months for the price to
rise in line with the rest of the street.

How do you know house prices are going to rise? That is a "big" gamble.
The cost in buying property: stamp duty, fees, etc, are never fully
assessed. Many people look at the market values they bought and sold and
then think they made a profit, when in fact they probably drew even.

but then I'm a sensible bloke and not a lesbitarian with an axe to grind
:-)

One good thing about these progs is that it puts off amateur developers, by
letting them know that making big bucks is not easy and at times virtually
impossible.