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Flip THIS House (A&E) follows pro companies (although this year it really seems to be following some serious dumbasses), as they purchase, update, and reselling all sorts of properties. The original group from South Carolina were pretty cool people and you could tell that these people had a business attitude towards getting stuff done. This season it is split over two groups much closer to "mom and pop" organizations rather than professionals, and it shows in the quality of the work and the markets they hit.
Flip THAT house (Discovery) follows mostly first time and individual flippers, as they try to figure out how to do a flip. Some of them are semi-pro types and know what to do, but many of the people involved are pretty clueless. Don't watch this one too closely, otherwise you will see shoddy workmanship and quick fixes applied with little concern for the underlying state of the property. Much of this stuff would work only in places where properties are sold "as is as seen", because many of these junky re-dos are going to fall apart soon.
Property Ladder (TLC) sort of bridges the gap. This one has more of a "end to end reality" feel about it, and the all important "end money made" is a better indication than just havin some friendly agent come in a make nice noises. Money talks... this show is probably the better of the bunch for the novice flipper trying to get a grip on the concept.
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