Watched this show when it was current. Saw the "American Greed" episode about Scott last night. I didn't like him on the show and now I know why. He is a crook as well as being a real dick. His abrasive personality came out for all to see and it wasn't scripted. Too bad he didn't get more time in Prison for causing the death of his "money man".
Add a Review
-
benchseat24 September 2019
-
I'm in the same business as these clowns. Very little of what they show actually goes on. We know about the properties days and even weeks ahead of time. They make it look like they are rushing to see the houses and show a count down to auction clock. When a property goes to sale, it's announced, then and there. No warning is sounded. Literally you have a few seconds. So all the homes are driven well ahead of time. Anything these idiots are showing is pure staging after the fact. If it were the case, there would be hundreds of people standing outside the house, then a mad dash across town to the next house. Then others would also know the true value of the house, before hand. Not this ,OMG it's got tile, that will add $20,000 to my profit. Instead of showing a fake Realtor showing up to let you in, how about showing a locksmith showing up to re-key the house. Or opening the door to see that it's occupied still, and being chased out with a baseball bat. Bad call on this show Discovery
-
kristi-606-57657612 February 2013This series is staged. We are foreclosure investors with first hand knowledge of the foreclosure bidding in Phoenix. The filming of this series is weeks or months after the actual auctions. The condition of the homes is not the original condition. You do not get keys to enter the homes after you win the bid. Usually you need to break into a vacant home or evict the current homeowner. The series does not address this reality. In one of the more recent episodes showed investor John Ray bidding on a home that he did not even purchase at auction. He purchased it a month after auction from a Realtor, and the filming of the episode was approximately 3 months after his purchase. He has not fixed up this home and made the $68,000 profit indicated. The home is still sitting and deteriorating. This gives individuals a false view of the process and is NOT REALITY!
-
knutsoninvestments22 July 2013Yes, its a show, Yes its a bit of pop culture. What show isn't? I personally work at the foreclosure auctions every weekday and know exactly how it works.
These investors on the show are all real investors and if you go to Arizona you will see them everyday bidding. You DO NOT get the lists weeks and months in advance that a lie. You get the lists the day before the auction. You have about 12-15 hours to do your due diligence before the auction, and Yes they are literally at the property sometimes when the bidding commences.
Most of these investors run bidding companies to help and buy for other investors. No, they don't get keys, the producers key the entry's after purchase. I mean come on, be serious. If ANY show was 100% accurate it wouldn't be a show. Even documentaries are edited and somewhat scripted. What they are showing you is how the auctions are structured. I encourage anyone to go to Maricopa county and watch the auctions, its public. I hear so many on here complaining its not real. Name one show that is? There are multiple auctions as well everyday in Maricopa county. What a bunch of haters. -
Tomstg2 August 2012Why did they make a scripted reality show instead of following real investors? Would've taken a little more time but then they would have a show people would actually want to watch. Seems like they were intoxicated with the success of storage wars, which involves buyers of contents of storage lockers striking gold in every episode and engaging in heated arguments with the other cast members.
Show is clearly fake given that the buyers only arrive at a house up for auction moments before the actual sale instead of a week or a month (or more) as in reality. Also they wouldn't dare do something so rash as to get access to the house (open window, attic, picking the lock) prior to the sale b/c that would be trespassing! Maybe some investors bid on houses without seeing the inside first but I am not one of them. There is too much money to lose if you are wrong.
As a property manager and investor for over 16 years, I had hoped discovery would show the public the ups and downs of buying and flipping (or renting) property at foreclosure sales but this was a severe disappointment. -
robert-stewart33317 April 2013Not getting into the details of how real or accurate the show is since that seems to be a major point of contention. It is an entertaining show, and something that is fun to watch if you don't take it too seriously. There are people on the show that you love and you hate and seeing them succeed and fail is fun, especially if you don't care for them and they lose a ton of money. The interactions between the members of the show and the constant battling between them is also a fun aspect of the show. Driving up prices, out-bidding, or playing some sort of sleight of hand to prevent others from seeing something is all highly entertaining. Although it may not be the most accurate show on television today, the show seems to focus on and only portray the more entertaining aspects, which I think is fine. It is meant to be entertainment and not a "how-to purchase foreclosed homes course". The show is a guilty pleasure and it does fine being just that.
-
merchantshvac14 March 2013I'm in the home building industry and can't figure these guys out. They get a home for 200.000 and sell for 250.000. They say they made 50.000 in there pocket, what BS. You have capital gains tax and not one of them is a real estate agent or broker there goes 2% right there. You may even sit on the property for some time before you find a buyer on your dime with the mortgage. They also have no idea about cost as to what they say. One show was a swimming pool with a broken light inside the pool, this dude gets mad and says there is 1000 to fix. Sorry dude two screws to remove the ring and $25.00 for the glass does not add up to $1.000 what losers. Get a clue! And they never look at the heating or air conditioning system or water heater, I would blow these losers off map. Learn the construction trade before you think you know what you are doing.
-
kurtlkramer24 July 2012This show is a perfect example of the non-reality of reality TV. In my 25+ years of purchasing investment property I have never seen numerous investors stand out in the street in front of a house and bid over the phone for a Trustee sale property being auctioned... Investors know days in advance what they are willing to pay for a property and don't act like idiots in the middle of the street, unless THEY ARE ON TV..! Properties also don't come with fresh paint, cleaned or new carpeting and new appliances and there are not surprise pools in the back yard.. Many companies like the one on the show (Posted Properties) drive by and review the property prior to the auction, just like any person can. The lock box opened by the Realtor for the big surprise is fake just like the rest of the show. A very poor attempt at showing the easiest part of investing in real estate
-
I would expect this type of pure garbage show from TruTV, but from Discovery channel? Very disappointing. I hate shows that lie and pretend to be real. Why not just tell the truth and disclose that they are all actors.
Best part is when they are surprised when the house has a pool. Like they couldn't have seen it in the backyard ahead of time? Why not follow real investors and give us something that could be educational instead of this trash?
Discovery channel clearly doesn't give us enough credit to where they think they can pull this garbage series off. Sad. -
michaelp-638-6338421 March 2013PROPERTY WARS THE TV SHOW
Property Wars is all a lie and a joke to the American public...It's not right on what they are doing and saying. And the so called stars on that show should be ashamed of doing it.... ED ROSENBERG and STEVE SIMONS are paid Hollywood actors they are not even in the Property Investment Business.. (What a Joke)
the rest of the so called cast are in the property investment business in phoenix..... except ED AND STEVE...
I been in the property investment business for twenty eight years and never seen anything like they show and talk about on Property Wars.. Our business and the everyday operations of this business is not done the way they are telling on the show. Also the values of the properties and profit they are saying they are making is not true. All the homes they use on the show are all preowned properties. The bidding is all staged -
ajazmine-808935 September 2020Love this, hosts aren't super likeable but if you love property this will provide you with the intrigue you are after
-
jontyboy3458 August 2014This show is OK if you want to sit and watch something for 20 mins which is easy to watch and has lots of men acting like teens. Its the usual discovery/history 'reality' TV show format: * Scenes set up * Normal guys given nicknames & exaggerated personalities * Simplified process suitable for low-IQ viewing * Nothing intelligent spoken in the whole 20 mins * Juvenile behavior with grown men pranking their made-for-TV rivals * Amounts shown as 'profit' rounded up to the nearest who cares * Actors/extras employed to help give the show an even more unrealistic feel
And some other points specific to this show: * Auctions clearly take place after the event even to the untrained eye (they always have cameras on the right person during the auction- could only happen if there were a dozen or so cameras) * The clock counting down to the auction time is pointless- we all know its BS * The show doesn't want break even's as its not good TV so they show the big hits and big misses and forget the others * John Ray is bankrupt- not good for a so called expert * The total profit at the end is a complete guess- so what is the point of the show?
In review its OK if there is nothing else on TV to watch but its a completely made for TV staged production. The 'characters' act like idiots and are not likable. If the people, the houses and the auction itself are not quite reality then there has to be something about the people in it that make you want to watch it- but there isn't. -
What a juvenile, racist, arrogant, ethnic-bigoted bunch of people I have ever seen on any show on television. These are grown men showing tantrums worse than a child I have ever seen. They destroy perfectly good things inside of homes that could be used or given to those in need, thinking not of the misfortune from other people that caused these homes to go on the market for them to buy. They grown men, who act like delinquent "babies" are making a mockery out of the great state, cultures and people of Arizona. I do not live in Arizona but have great respect for the people and cultures of the great state of Arizona. These men have no business in the real estate market. They are bestowing bad names on the legitimate people of Arizona who are making a living by doing things the right way. The Discovery Channel and the State of Arizona should pass a law to run these "idiots" out of their state by what they are doing. Is the Discovery Channel and "enabler" to this idiocy? They have no concern for any other people nor their property. They are bigots and racists who are "trashing" the great state of Arizona by their remarks and doings. This is not a show anyone would let their child or teenager watch. It is a show full of bad behavior by adults (and I use that term loosely). This show need taken off TV and the people of the great state of Arizona needs to run them back to where they all came from. They are making a mockery out of all the great and kind people who lost those homes and the great State of Arizona who is allowing them to "trash" their great State. Anyone who loves southwest culture and its beginnings are allowing these "vultures" to trash their culture and ethnicity This is without a doubt one of the worst shows I have even seen allowed on TV in 65 years.
-
supergye27 March 2015I too have invested in investment property. When you have to hire people to do everything, it eats into your profits big time. The reason Armando Montelongo, Robert Kiyosaki, and all the others who were famous investment property gurus quit the business has to do with predictable cash flows. All these guys are now hawking seminars, and books rather than buying investment property. Unless you can pay nearly all cash for the property, you should avoid this career. Sooner or later you will get hit with a property that you either can't sell in a window of time, you can't make a profit to pay your expenses, or you can't rent. It will then bleed you from your very cash quickly.