Introducing Spike TV's Flip Men on Foreclosure Pulse
Editor's Note: This is the first in a series of blog posts from the hosts of Spike TV's original television series "Flip Men," Doug Clark and Mike Baird. We're thrilled to have Doug and Mike sharing their experiences buying, rehabbing and flipping foreclosures with readers of the Foreclosure Pulse blog.
You may know us as Doug Clark and Mike Baird on Spike TV’s "Flip Men." We are real estate and foreclosure experts who believe to the core that there is no better investment than real estate. We flip homes for a living, and hold homes for retirement and want to help teach and engage many others to do the same.
We started buying together through non-judicial foreclosure auctions in 2004 and have flipped somewhere approaching 1,000 homes during that time. There are many lessons we have learned and will share over the next several months through our articles on this blog, ForeclosurePulse.com, and RealtyTrac.com.
People commonly express the sentiment that it is easy to get a good deal in today’s market, but there is a lack of confidence in the ability to sell in the current economic climate. We see this in a very different light; the challenge is always in the front end. The key is understanding value, you make money when you buy in real estate, not when you rehab or sell. If you can truly get to understand value in your chosen market, you will be rewarded financially. Homes featured on our reality show “Flip Men” represent real numbers and actual properties we have purchased. We rehab quickly, price right, and they typically move in a week or less. This is part of our formula for success and we will continue to share our tips and philosophies over the next several months.
There have been and always will be ups and downs in the market, but remember that the economy and real estate are cyclical. The key to any investment is buy low and sell high. There has never been a better time to capitalize on this buy low strategy. It’s our goal to teach the masses what flipping over $60 million in residential properties has taught us.
Tune in to Spike TV’s “Flip Men” each Tuesday night at 10:30 p.m. EST /8:30 p.m. MST and bring any questions back to Realtytrac.com for commentary. You can also follow us on Spike.com, Facebook, GetGlue, and Twitter @Demo_Doug and @FlipManMike
We look forward to our new family at RealtyTrac.com and want to see the real estate industry to continue to make more millionaires than any other industry.