Tarek is a self-proclaimed real estate genius with determination and drive. Christina is Tarek's picture-perfect wife, who Tarek's friends still can't believe he landed. In each episode of "Flip or Flop", Tarek and Christina flip a new property. 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. From purchase to resale, weaving their personal lives within the story of the flip. From paying cash, sight unseen, for a property at auction, through the hapless remodeling process, to the frantic sale, this young couple is putting everything they have into this venture. (Source: HGTV)
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?
Tarek and Christina follow up on a large family home in Fullerton, CA that is listed for $389,000. They tour the house with their contractor and discover that it will need extensive rehab. Not only will the interior need a full remodel, but the whole roof will also need to be replaced, multiple balconies will need to rebuilt from scratch, and the crumbling driveway needs to be entirely re-poured. However, it might be worth it because Tarek thinks a house this nice, in this area, will sell over $600,000, giving them potentially huge profit margins. But, the 1960's floor plan could seriously hinder its sale price. So Tarek and Christina check out a neighboring home with the identical floor plan that has been recently updated. They like it so much that they decide to replicate the house by opening up their kitchen and master bathroom walls. If they can modernize this mid-century home, it will appeal to a higher end buyer, but the scale of this remodel is pricey. So they cannot afford any unforeseen delays especially because they have to cover $600 a month in HOA fees themselves, until they can finish the rehab and sell the house. Will keeping up with the Joneses make them Flip or Flop?
Tarek and Christina are contacted by a cash strapped flipper who needs to unload a project house. With no bathrooms, no kitchen and nothing but plywood floors, exposed framing and piles of rubble, Tarek starts adding up the dollars required just to rehab the house.
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. It's a house with great potential and Tarek is ready to pounce, so they make an offer and the bank accepts. But as renovation rolls along to bring this home to its true potential, problems arise. As budgets crash through ceilings and deadlines continue to be pushed, could this latest flip turn out to be nothing but trouble, or will it prove it always had nothing but potential?
Tarek and Christina spot a home listing online that's set for an auction that afternoon and based on neighborhood comps, the dirty and dated house looks like a bargain. By outward appearances, all it needs is an inexpensive cosmetic rehab. 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.
Tarek and Christina get a lead on a short sale listing in an upscale neighborhood that has just fallen out of escrow. The large home shows promise for profit and with a heftier-than-usual price tag of $700,000, Tarek and Christina will need financial help from their friend, real estate investor Pete de Best. But with two investors comes two sets of opinions and budgets and schedules suffer the consequences. Have Tarek and Christina taken on too much house and too much co-investor? Who will prevail in this battle of flipper vs. flipper?
Christina receives an e-mail from an agent who has a listing in the South Bay neighborhood of Hawthorne. 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. It's a challenge, but this total renovation is the kind of project they love to take on. That is until work begins and a multitude of hidden problems rise to the surface. Will Tarek and Christina's high hopes fall on deaf ears, or can they overcome this home's loud, louder, and loudest problems to turn a profit?
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. 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. 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?
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. But soon after walking the property and visiting a neighborhood comp, it becomes clear that this flip is anything but standard. The architecturally significant mid-century modern home will require Tarek and Christina to step out of their design and renovation comfort zones if they are to turn a profit on their investment. Can Tarek and Christina turn back time on their design aesthetic without inflating their budget or could a present-day flop be looming over this historic mid-century flip?
Tarek and Christina come across a trust sale listing in Buena Park, California that looks very well-priced in comparison to recent sales in the area. After walking the home with their contractor and receiving a preliminary budget estimate, they're excited by the potential for profit. 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. Can Tarek and Christina rehabilitate this home into modern splendor or will mounting costs leave it to remain a ranch house of ruin?
Tarek and Christina get a lead from their friend and investor, Pete, on a house he's recently purchased. It's situated in an upscale, gated neighborhood and it's a house Pete can't tackle on his own. A large, expensive flip can mean equally large profits; but it also takes time and even the littlest mistake is magnified. Will Tarek and Christina be able to partner with Pete to score their biggest profit yet, or could they lose it all in this natural disaster flip?
Tarek and Christina are contacted by an out-of-state seller looking to sell an old family home. It's a large house in original condition and could be a great flip. But it's also more expensive than their usual projects and the renovation could get pricey on this midcentury modern time capsule. Can Tarek and Christina turn a big money profit from this big money flip?
Tarek and Christina head to Placentia, California to check out a lead on a midcentury property. 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. But as is often the case with old homes, no project is as straightforward as it seems. Can Tarek and Christina overcome surprises and setbacks to survive this frantic fiasco?
Tarek and Christina get a lead on a trust sale property in Anaheim, California with an original layout and a dated design. It's in good shape and seems like a mostly cosmetic project with a lot of potential. 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. Still, skilled flippers that they are, Tarek and Christina don't back down from a challenge and know that with no risk, comes no reward.
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. It's a tall order for a novice flipper, but with the aid of Tarek and Christina's knowledge and experience, Carlos may be able to get his family a higher sale price. Can Tarek and Christina safely mix friendship and business to turn a profit on this family friendly flip?
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. Right away it seems like this might be a bad buy; but Torrance is an exploding market and the land value alone could make this flip worth the risk. The house is going to need it all: good design, structural improvement, and careful renovation. It's a big project but it has the potential to be a big profit. 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?
Tarek and Christina spot a home that's for sale by its owner in La Puente, California. It's in rough shape to say the least and because it's tenant occupied, they can't look inside. 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. Can Tarek and Christina right this sinking flip or could this home prove to be the stuff of wreck and ruin?
Tarek and Christina spot a listing for a small home near the beach in Costa Mesa, California. The home is in rough shape and will surely require a lot of work to renovate, but it's in a desirable and eclectic neighborhood and properties in the surrounding beachside communities command top dollar. Can Tarek and Christina transform this house from the worst on the block to the showpiece by the beach, or could a ballooning budget prove this diamond in the rough to be a lump of coal?
Tarek and Christina scope out a house in Fullerton, California that's in a good neighborhood and shows potential for profit. 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. Will Tarek and Christina be able to unpack this cramped floor plan or have they backed themselves into a corner on this boxed in flip?
Tarek and Christina find a short sale listing for a large home in an upscale neighborhood of Yorba Linda, California. With an asking price just below a million dollars, this would be the most expensive flip they've taken on - and also the biggest risk. Can Tarek and Christina give this house the luxury treatment without busting the budget, or could this million dollar flip be a seven figure flop?
Tarek and Christina get a lead on a property in Santa Ana, California that has the potential to be both a great entry level family home and a profitable flip. But after walking it with their contractor, it's clear this run down home is going to need a lot of work. Can Tarek and Christina bring this project in on time and on budget, or could bad luck and big problems threaten to bring the profit crashing down on this dilapidated flip?
Tarek and Christina head to Santa Ana to check out an off-market listing. It appears to be in good shape, has a great layout, and with strong comparable sales in the area, this home could be a great buy. But profitable on paper doesn't always translate into profit on paper. Can Tarek and Christina stay on budget or could hidden problems and untimely mistakes make this a pesky 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. 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. Tarek and Christina know that if they're going to flip this house, they'll have to stick to the budget. Can they revive this family home or could tricky obstacles distort this fun house flip?
Tarek and Christina get a lead on a home for sale in Chino, California that's rundown, overgrown, and in desperate need of cosmetic help. The price is fair and recent sales in the area show 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. Will they turn a profit on this home or could mounting problems threaten to topple this trickle down flip?
Tarek and Christina get a lead on a for sale by owner property in Whittier, California that would scare most buyers away; but they're not most buyers. Tarek and Christina know that with a little hard work and design vision, they could turn a healthy profit on this home in just a few months. But as renovation begins, the surprises and expenses keep piling up. Can they keep this flip on track or could costly problems bring this house and their profit down to the studs?
Tarek and Christina are contacted by their friend and fellow investor, Pete. He's already purchased a home in Anaheim, California and wants to bring Tarek and Christina in on what should be a quick flip for a modest profit. But as renovation begins, Pete's budget estimate goes out the window and this is starting to look less and less like a good buy. Can the trio save their investment on this narrow margin flip?
Tarek and Christina are contacted by a realtor about an exciting new listing. So new, in fact, that the realtor doesn't even have keys yet. If Tarek and Christina want to buy this house, they'll have to do so sight unseen. The price is right and the profit potential is huge, but who knows what lurks behind that front door? Can Tarek and Christina stay on budget or will they be left clawing for profits on this cat nip flip?
Tarek and Christina buy a charming bungalow home on the edge of a historic Long Beach, California neighborhood. Christina loves the period details and design while Tarek loves that the good condition of the interior could mean savings in the budget. Will Tarek and Christina be able to turn this home into a classic beauty or will this old house teach them a lesson.
Tarek and Christina buy a turn of the century home in a historic Santa Ana, CA neighborhood. Old homes always present unseen problems throughout the process and this home is no exception. 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?
Tarek and Christina flip the worst home on the block in this Anaheim Hills neighborhood. With high profit margins in a desirable neighborhood this should be a slam dunk. Can Tarek and Christina renovate quickly or will a the strict HOA hold up this communal flip?
Tarek and Christina are contacted by a homeowner in Costa Mesa, California on a great deal for a 1960's single story home. A good deal in a great neighborhood is exactly what Tarek and Christina look for. Once they start working on the home they immediately run into big ticket issues. Will they be able to handle these big issues or will they watch as their profits burn up in this fire sale flip.
With Christina pregnant on bed rest Tarek enlists help from his friend and real estate partner Pete DeBest. They go on the search for their next big project and land a great deal on a run down house in Corona, CA. Once they crack open the door they see that they have their work cut out for them on this one. Will these old friends be able to work together to resurrect this home or will Christina's absence spell disaster for this flip?
Tarek and Christina are contacted by their friend and fellow flipper, Jessie Rodriguez, who has purchased a craftsman style home in an historic area of Santa Ana, California. While Jessie specializes in renovating older, architecturally significant homes, Tarek and Christina are experts at bringing in a flip on schedule and on budget. It will take both skillsets to finish and sell this project for a profit, and Jessie is hoping to strike a partnership. Can Tarek, Christina, and Jessie combine the speed and cost of a flip with the detailed craftsmanship of a renovation to deliver on this custom craftsman flip?
Tarek and Christina spot a trust sale in Fullerton, California. It's tenant occupied which means they cannot inspect the house, but the numbers look good and after touring a comparable, renovated listing, they feel confident enough to make an offer. 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. Can they keep this flip on track or will a bevy of surprise expenses deliver them a flop? Have Tarek and Christina fooled themselves into buying a pig in a poke?
Tarek and Christina get a lead on a home for sale in a historic neighborhood of Anaheim, California. It's well-priced but will need a lot of renovation work to be sure. And though old homes have a certain charm and character, they also tend to have a host of unknown problems and costs. Have Tarek and Christina finally taken one calculated risk too many? Can they bring this project in on time and on budget or is a flop looming over this freeway flip?
Tarek and Christina uncover some unpleasant surprises after buying a tenant-occupied home in Whittier, CA.
Tarek and Christina are contacted by a homeowner wanting to sell their four-bedroom home in Garden Grove, California. Knowing the high returns for the area they decide to go for it, but find the layout strange and question whether it's actually a four-bedroom house after all. Did they make a huge mistake, or can they find an upside from this potential mishap
Tarek and Christina are contacted about a three-bedroom, two-bathroom home in Anaheim, CA. The home appears to be in great shape and already has some major renovations completed, but the owner doesn't know how much they want to sell it for. There are structural issues that will have to be addressed before Christina's vision can come to fruition, but if she can pull it off, she and Tarek can make big bucks off this property. Is this house a flipper's dream home or are the structural issues the first of many problems to come?
Tarek and Christina check out a three-bedroom, two-bathroom home in their new stomping grounds of Garden Grove, CA. 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. If they want to sell, the project will require a complex renovation with little room for error. Can they talk the seller down to a lower asking price or will Tarek and Christina have to pull off the perfect flip?
A seller is looking to offload a three-bedroom, two-bathroom home in Garden Grove, CA, and asks Tarek and Christina to come have a look. The home already has an open floor plan and a master bedroom, but one of its bedrooms may be illegally permitted which could lead to hidden costs. Have they bought into a money trap or will they be able to pull out a profit on this infringing flip?
Tarek gets a lead on a house in Diamond Bar, CA, and asks Christina to meet him to view the property. Tarek rushes off for a date, however, and Christina relentlessly pokes fun at him. The underlying tension leads to a blowout, which could get in the way of finishing the flip and making a profit.
Tarek and Christina flip a small home with big problems in Long Beach, CA. What seems like a great home reveals an avalanche of problems from the front door to the garage. This junk-pile flip is filled to the brim with hidden obstacles -- can it be saved?
Tarek and Christina are out of town when they get a lead on a house in La Mirada, California, and are forced to buy the house sight unseen. Christina worries the house may be packed with problems, but Tarek believes big risks come with big rewards.
Tarek and Christina make plans to view a property in Diamond Bar, CA. But when Tarek rushes off for a date, Christina relentlessly pokes fun at him, and a blowout between them could get in the way of making a profit.
Tarek and Christina are on the hunt for a summer project and find a unique home in Whittier, CA. With an old pool and a large backyard, this house has potential to be an entertainer's paradise. Taking on a backyard is a big challenge, but with big risks come big rewards. 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?
Tarek and Christina find a large home in the desirable town of Cypress, California. They know they can make money on this flip, but the comparable sales indicate that an amazing backyard with a pool could bring even more profit in this family community. 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. Can Tarek and Christina get top dollar for this entertainer's paradise, or could design and construction hiccups dry up the profits on this home's once pooling value?
Tarek and Christina get a lead on a split-level home in Long Beach, California. The style is unique among the other homes in the neighborhood and the small backyard is a ripe for creating classic California-style indoor/outdoor living. As work begins and the backyard starts to take shape, surprise interior costs threaten the overall budget. Can Tarek and Christina create a backyard beauty by the beach, or could design woes push them over the edge of this split-level falls?
Tarek and Christina get a lead on a home in Torrance, California, that's just miles from the ocean and several upscale beach communities. The yard is small and tiered, but buyers in this area demand luxury and are willing to pay top dollar to get it. 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. Can they keep a lid on their budget or will this hillside spool wash away their profits?
Tarek and Christina get a lead on a home in Riverside, California, with a massive backyard. It has great views and room to create a pool and outdoor living area fit for a five-star resort. The potential is there to make this the biggest backyard transformation they've ever done, but it won't come cheaply and they risk spending more than they can get back. Can Tarek and Christina create and reap the rewards of a resort-style backyard or could rising costs threaten to sink this backyard staycation dream home?