Have Tarek and Christina finally taken one calculated risk too many? A large, expensive flip can mean equally large profits; but it also takes time and even the littlest mistake is magnified. Christina is Tarek's picture-perfect wife, who Tarek's friends still can't believe he landed. But it's also more expensive than their usual projects and the renovation could get pricey on this midcentury modern time capsule. Will Tarek and Christina be able to turn this home into a classic beauty or will this old house teach them a lesson. Who will prevail in this battle of flipper vs.
Can Tarek and Christina handle the issues that come along with renovating a century old home or will ancient issues come back to haunt them? But after an unusual auction and a bevy of surprise issues, this dirty, dated and undesired home has quickly become more work than Tarek and Christina ever imagined. By outward appearances, all it needs is an inexpensive cosmetic rehab. Tarek and Christina know that if they're going to flip this house, they'll have to stick to the budget. It's a big project but it has the potential to be a big profit. It's a large house in original condition and could be a great flip. It's a house with great potential and Tarek is ready to pounce, so they make an offer and the bank accepts.
But even with a major surprise in the details about the house, Tarek and Christina still see an opportunity for profit and embark on a fast flip with a new contractor. But when their project manager comes back with a ballooning budget and a laundry list of contingencies, Tarek and Christina wonder if this home has more potential than pitfalls. So they start work on the flip and the rehab budget skyrockets to over 50K. And the thought of failure gives them the foreclosure heebie-jeebies. Tarek and Christina decide to pull out all the stops and make use of every inch of yard space to create an entertainer's dream fitting of its anticipated million dollar list price.
But as is often the case with old homes, no project is as straightforward as it seems. After walking the home with their contractor and receiving a preliminary budget estimate, they're excited by the potential for profit. But right away there's a problem and Tarek and Christina are left wondering if this is an isolated issue or sign of what's to come. Tarek and Christina arrive at their new house ready to design but that will have to be put on hold as they could not have anticipated what they find. Episode 12 : Mid-Century Flip Tarek and Christina get a lead on a home in Long Beach, California that sounds like the kind of project that has become their standard. As work begins and the backyard starts to take shape, surprise interior costs threaten the overall budget. Episode 9 : Loud, Louder, Loudest Christina receives an e-mail from an agent who has a listing in the South Bay neighborhood of Hawthorne.
Will Tarek and Christina's gamble on this home and a new contractor pay off big profits or will this turn out to be nothing more than a risky flip? Can Tarek and Christina stay on budget or will they be left clawing for profits on this cat nip flip? Taking on a backyard is a big challenge, but with big risks come big rewards. The dated house needs a lot of work and while it's situated on a busy street near an airport and a noisy elementary school, its attractive list price draws in Tarek and Christina. Episode 11 : Million Dollar Flip Tarek and Christina find a short sale listing for a large home in an upscale neighborhood of Yorba Linda, California. With only hours to determine if this could be their next flip, they meet their contractor at the house and are puzzled by what they find - a maze of barricaded windows and suspicious additions. It'll cost a lot more than a standard flip to put in a pool and create an outdoor living space, but they decide it's worth the gamble. Episode 8 : Of Wreck and Ruin Tarek and Christina spot a home that's for sale by its owner in La Puente, California.
The home is dated but the size and layout is a designer's dream; and most importantly, the numbers indicate it could be a profitable deal. Episode 8 : Fire Sale Flip Tarek and Christina are contacted by a homeowner in Costa Mesa, California on a great deal for a 1960's single story home. Can the trio save their investment on this narrow margin flip? Can Tarek and Christina transform this down and out home or could significant problems leave their budget and their profit margin on the verge of breaking up? Can Tarek and Christina overcome surprises and setbacks to survive this frantic fiasco? From the nail-biting purchase at auction, to the frustrating renovations and maddening showings, to the giddy acceptance of an offer, we'll follow along as these two relatively novice flippers try their hand at the toughest game in town. Can Tarek and Christina safely mix friendship and business to turn a profit on this family friendly flip? Can Tarek and Christina transform this home and reinvigorate its depressed pool, or could this project with poolside potential be in danger of circling the drain? Episode 5 : Backyard Staycation Tarek and Christina get a lead on a home in Riverside, California, with a massive backyard. Episode 3 : Cat Nip Flip Tarek and Christina are contacted by a realtor about an exciting new listing.
It's in good shape and seems like a mostly cosmetic project with a lot of potential. Episode 14 : Fun House Flip Tarek and Christina get a tip on a short sale in Anaheim, California that has plenty of potential and is certain to attract investor interest. Episode 7 : Breaking Up Tarek and Christina get a lead on a house in Torrance, California that is not only in rough shape, but also has known foundation issues. Old homes always present unseen problems throughout the process and this home is no exception. There's always a danger in purchasing a house sight unseen, but if they can get it for the right price, this home has the potential to pay off big time.
But soon after walking the property and visiting a neighborhood comp, it becomes clear that this flip is anything but standard. But as work begins and renovation costs rise on changing plans and hidden problems, their enticing profit margin appears to be on a downward spiral. With an old pool and a large backyard, this house has potential to be an entertainer's paradise. Episode 3 : Nothing But Potential Tarek and Christina come across a bank-owned listing which has been on the market for fewer than 24 hours and is only accepting offers until 5:00pm the very same day. Hoping to snatch this property before it hits the market, they arrive to find the house is dirty with a mosquito-infested pool but has the potential to be charming. Episode 11 : A Risky Flip Tarek and Christina spot a listing that seems too good to be true, and as is often the case, the house doesn't exactly match the potential it had in the listing. So Tarek and Christina check out a neighboring home with the identical floor plan that has been recently updated.
Episode 2 : Narrow Margin Flip Tarek and Christina are contacted by their friend and fellow investor, Pete. And while it seems a little high-priced for the area, if they can buy it for the right price and stay on budget, it could be a great flip. If they can modernize this mid-century home, it will appeal to a higher end buyer, but the scale of this remodel is pricey. Episode 6 : A Family Friendly Flip Tarek and Christina receive a call from their longtime friend, Carlos, who is deciding whether to sell his family's home or to try his hand at flipping it. And now it's the moment of truth, as they walk through the door for the first time and find the house is a disaster. While Jessie specializes in renovating older, architecturally significant homes, Tarek and Christina are experts at bringing in a flip on schedule and on budget.