Please help me understand. Arthur said if he sold he would lose $45,000. The show mentioned hes been flipping since 1992 and has done about 100 flips? How, and why would he buy a house that was already overpriced for the comparables, in move in condition, put $5000 into it, and expect not to lose money. The show said he is going to rent the house for $1500 to cover the mortgage. No way is $1500 going to cover a $340,000 mortgage, plus taxes, insurance, etc. Either he put a lot of money down, or? What do you think?

$1,500 monthly rent at a 10% cap rate implies a real estate value of $180,000. These amateur flippers should take a basic real estate finance class before they start throwing money around.

If this guy was smart, he'd cut his losses and sell that property ASAP. Renting it out waiting for a housing recovery is simply a pipe dream.

Obviously this guy is financially illiterate. He drives a Ferrari and yet lives in a beat up RV? Are you kidding me? This guy is the posterboy for American irresponsible spending. I bet he files personal bankruptcy within the next year.

I happen to think he might be like "The Millionaire Next Door". That motorhome was on private property (maybe his?), he's using high speed internet with a laptop, seemed to be a realtor by looking on the MLS, drives a Ferrari, and sings in a rock band. Now that I think about it, it doesnt seem so bad.