Login or register
TVRMobile BETA
TV
<-- Previous EpisodeNext Episode -->

Flip or Flop: Facelift Flip

Tarek and Christina check out a short sale that's listed at $214,900, discounted a full 50% from the $430K currently owed on the house! Short sales can be great opportunities for house flippers because banks would rather take a loss on a house than foreclosing and having to sell it themselves. This house is a large 4 bedroom with a pool that appears to just need a facelift, and with comps in the area between $230,000 and $280,000, Tarek and Christina make an offer, which is accepted, for $200,000. They get a $30,000 bid from their contractor to update the kitchen, bathrooms, master closet and the pool, bringing them right to the lower end of their comps. But when they realize a back addition is unpermitted, the added costs may erase their profits, potentially leaving the facelift they planned on giving the house covered with red ink!

Source: HGTV

Episode Info
Episode number: 1x10
Airdate: Tuesday May 14th, 2013
Special Airtime: 11:30 pm

Director: (Unknown)
Writer: (Unknown)


Missing Information
Click here to add Episode Notes
Click here to add Music
Click here to add Episode Quotes
Click here to add Episode Goofs
Click here to add Cultural References
Click here to add Episode References
Click here to add Analysis
 
Flash