Real estate moguls

Have you ever seen the show 'Flip This House'? It's on A&E.

This season they have changed the 'cast'. Last year the show featured a company from South Carolina, owned by a guy named Richard. He and his employees would search out houses in very poor shape to fix up in a week or two, and flip for huge profit. There was a episode where they purchased a home for $130,ooo in a great neighborhood, and invested $70,000. (new flooring, drywall, kitchens and baths...) They stage the home with furniture, hold an open house after owning it for only 2 weeks, and generally sell it immediately. This one house sold for $330,000, netting a profit of $130,000 for 2 weeks work.

This year the scene is San Antonio, same general idea with flipping homes, and the company is owned by two brothers along with their wives. In the last episode that I DVR'd, the one brother was a little upset at his beautiful designer clad, model like wife because she hadn't sold a home in 2 weeks, and apparently normally she sells 3 or 4 a week.

Well holy crap, if I sold 3 or 4 homes a week, that would be like 182 homes a year, and lets say the average commission after all expenses were accounted for is $2,000 (that's a very moderate estimate.... but anyway....) That is $364,000 a year. Add in the fact that they own the company that flips the home, and they wouldn't purchase a flip house unless they can profit $30,000 (that's after paying for the contractors and materials, etc) at a minimum. Of course they have expenses like marketing, overhead like office space, (they recently purchased a huge office building, that if only 70% occupied would pay for itself...) salaries, etc....

So needless to say that this family are real estate moguls. Keep in mind that they are all quite gorgeous, and are not any older than 30.

It makes me feel like I'm missing out. Obviously the market in our area currently could not support such real estate investments... but I could do more than my paltry dozen or so sales a year....

So basically, if you hear of anyone interested in buying or selling a house, please let me know so I can build my empire.