TheFrom Fixer Upper to Flip or Flop, house-flipping reality shows are all the rage right now, and they've inspired more than a few viewers to pick up their own sledgehammers in hopes of striking gold (or shiplap).
Not so fast, though, experts say. According to an analysis conducted by RealtyTrac and Money magazine, 28% of flips result in a gross profit of less than 20%, the minimum typically needed to "at least cover rehab costs, carrying costs and other expenses incurred by the flipper," RealtyTrac senior vice president Daren Blomquist said.