Why are none of these fees and expenses allocated when these shows are computing the flippers "net"? These fees are a minimum of 7% and can be as high as 10% of the sales price, but seem to be ignored.

It seems that they allocate holding costs, but none of the other expenses.

As an example (the famous) Minsu still has his home listed @ $205K in Houston by a Realtor. Of course, according to the MLS here it has been listed for 221 + 47 days, and still no buyer.

It looks like he bought it for $131K + closing costs upfront, and repair costs of ???. I would assume, he has no profit, and the realistic sales price today might be closer to $180K.

That issue is the reason I had to see if there was a msg board for Prop Ladder. My DH and I watched an episode last night (newlywed flip) and they said the couple made something like $71K... but my DH pointed out that after realtor fees (they did state that they hired one) that the profit was more like $28K. So still a profit, but certainly a significant difference. I hope people keep that in mind before they start being blinded by dollar signs.

My DH and I decided that the show must be sponsored by the nat'l assoc of realtors, bc we can't understand why the show would conceal that significant cost.