House flipping TV shows have caused an epidemic. New data from ATTOM, the leading provider of real estate and property data, shows that many are losing money, too. That means once all numbers are added up, these deals likely lost money. One big flaw in the house flipping model is taxes. That property can keep on generating cash profit regardless of property values and the market. The income on long-term rental properties is taxed at a lower rate than you get with flipping, too. You just don’t get that if you are rehabbing houses and are trying to flip them yourself. Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks, and techniques delivered straight to your inbox twice weekly!