Armchair real estate moguls rejoice: In a post on the group's Facebook page, Bravo mega-hit Flipping Out announced that it would be returning to the network for season three later this summer:
Flipping Out will kick off its third season on Monday, August 17 at 10/9 pm. Central. It will take over for "Kathy Griffin: My Life on the D-List," which wraps its run on August 10. Keep watching for more updates!
The show stars Jeff Lewis, a gay, obsessive compulsive high-end real estate speculator who invests in properties with the help of a lazy, under-worked staff of assistants.

For some reason, it's incredibly entertaining and possibly even addictive. I have the first two seasons on my laptop (thanks Amazon UnBox,) and I've seen each episode a few times more than I'm willing to admit.

When the new season gets started, I'll try to distill the weekly hour of drama into a few tips that might be useful for homeowners and real estate investors.

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