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Is it just the prevalence of TV personalities flipping homes, or is it early signs of another bubble? I’ll let you decide. I don’t think we’re in either situation currently, but we are definitely moving toward the former. When my hair stylist doesn’t want anything to do with real estate I want to be all in. When my hair stylist starts talking about flipping real estate, it’s time to be cautious. Their website states that Tarek and Christina, the shows main attraction, are not able to personally attend every event but that they have trained people to teach you their secrets In addition, there have been at least two other HGTV personalities in Sacramento recently pitching their seminars and education. However, you may not even see the two celebs at their seminar. Flip or Flop was in northern California June 7-11 pitching their Success Education Program. At least 2 prominent TV flipping personalities are out on the seminar circuit and have come through Sacramento in the past month. Now that it’s a sellers’ market and opportunities are hard to find, seminars are becoming popular again. “When it actually makes sense to buy real estate, seminars aren’t very popular.” Flipping Houses in a Sellers’ Market When it actually makes sense to buy real estate, seminars aren’t very popular. Why? Was it because there wasn’t any more interest in buying real estate? Maybe, but in reality anyone who knew anything about investing in real estate was too busy buying houses to be teaching. In 2008 when the real estate market crashed, almost all of these seminars disappeared. To feed the demand, the number of seminars also increased promising unrealistic success. As the real estate market heated up, so did the number of speculators and real estate “investors”. From the early 2000’s with the introduction of Robert Kyosaki’s “Rich Dad – Poor Dad”, the public started going crazy for real estate. It has been interesting to watch the seminar cycles over these. More importantly, I am fascinated by historical real estate cycles.

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I have been a full time real estate investor for several years. Instead many of them lost their homes and their savings in foreclosure. I can’t even begin to count the number of properties we bought during the great Recession that were originally bought by people hoping to get rich. Then, when the market turned, they lost everything for foreclosure, including the homes they lived in. Many, borrowed money against their personal residences and then bought investment properties.

People were lining up at the back tables to buy the “secret sauce” to make their fortunes in real estate.

During that cycle, there was a real estate seminar every weekend in Sacramento hotels pitching how much money you could make. I don’t know about you, but this is starting to look a lot like 2004-2006.

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Do they have any construction experience? Do they know how to estimate repairs accurately? Have they considered the liability they are assuming? These are just a few of the questions that go through my mind.

I try to be polite and not ask important questions that they should be asking. Nowadays, it seems like everyone wants to become a house flipper! I heard about two more just this past weekend. Often it is followed by their asking me to teach them how to do house flipping because they know that I buy houses. They have seen some TV show about house flipping and ask me if I watch that show. It seems like there isn’t a week goes by that I don’t hear about some person quitting their job or wanting to become a house flipper. By Robert Taylor (updated on April 8, 2020)