Flip or Flop 1
2013-04-16 | Reality | 13 episodes11 Seasons
Episode
The Foreclosure Heebie-Jeebies (2013)
Tarek and Christina put their life savings on the line at a foreclosure auction, and buy a house that they've never been inside, for $275,000. 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. The kitchen, bathrooms and backyard all need a complete overhaul! But there's no turning back because foreclosures are sold as-is. So they start work on the flip and the rehab budget skyrockets to over 50K. With the flipping business at stake, Tarek and Christina feel the pressure to get the house completed before the housing market shifts beneath their feet. And the thought of failure gives them the foreclosure heebie-jeebies. Will Tarek and Christina Flip or Flop?
Vandalized Foreclosure (2013)
Tarek and Christina have had their eyes on a short sale in Anaheim Hills for about a month, when suddenly it goes to foreclosure auction, so they jump on it for $430K. They arrive at the house for a walk through with their contractor and discover that the house has been vandalized! All the widows are broken, the hardwood floors are hammered, and there's graffiti and food all over the place! But worst of all, concrete was poured in the sinks, showers and toilets, destroying the plumbing in the house! Now their entire budget will be spent just fixing this damage, instead of doing the upgrades that would attract buyers. Will Tarek and Christina pull through this nightmare and flip this house? Or will this vandalized foreclosure sink their flipping business and make this a FLOP?
Awkward Floor Plan (2013)
Tarek and Christina snoop a foreclosure in Yorba Linda, CA. After casing the property and looking through the windows, they're confident the house is in good shape. So they head to bid on the house at a foreclosure auction. During a high-voltage bidding war, Tarek and Christina spend $393K on the property, which is more than they planned. Tarek and Christina want to flip this house in 30 days, so they walk through their house with their contractor, Dan Messina. It has a very awkward layout, with the master bedroom located between the front door and the kitchen. But much worse, one of the bedrooms turns out to be an unpermitted loft conversion! They thought they were buying a 4-bedroom house, but it's actually a 3-bedroom house! If they have to market this house as a 3-bedroom, they will actually LOSE money and will have to write a check to sell the house. Are Tarek and Christina going to Flip or Flop?
Double Trouble Flip (2013)
When Tarek and Christina see a 4-bedroom house in Garden Grove coming up for auction at a super low starting bid of $250K, they convince an investor that this is a good, cheap property to buy and flip. Tarek and Christina head to a foreclosure auction and buy the house sight-unseen for $280K. They meet their contractor Dan Messina for a walkthrough and realize the house is a major money pit. There is no master bedroom, a kitchen that needs a complete remodel, and a backyard that needs a complete re-haul, which includes fixing the pool and pool house. With the construction bid at 80K, this is the most they've ever spent on a flip. And when their investor Pete De Best stops in for a visit during construction, he begins to lose faith in the project. With their investor breathing down their necks, this double trouble flip has Tarek and Christina surfing the brink of disaster. Will they Flip or Flop?
Underwater Flip (2013)
When Tarek and Christina see water damage in a home in Cypress they are looking to get, they are told that they cannot look into it further until they buy the house first.