Anybody ever watch this TV show ? I find it interesting.

Anybody ever tried the concept ?

Retailguy would chastise me for even attempting this......but

I've been in the Home Loan Industry for over six years. I've always been interested in trying to buy a home, fix it up, and sell it.

This week I finally went forward to make my first effort. Made a formal offer on a home that needs 5-10 worth up upgrades...mostly cosmetic upgrades and some plumbing. I think it has a nice upside and if I can get it at the right price money can be made.

The bank counted my initial offer and I have now submitted the second counter offer. IF I buy the home it will have to be at my price or I will have to pass on it.

Anybody ever tried this or have any advice ?