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NARRATOR: In northern California, there's a new gold rush.
I'm going to battle every single day.
NARRATOR: Millions made and lost buying houses at auctions.
Sold $475,000.
Right on.
Well, think about it.
Huge risk.
You're going to spend half a million bucks
and you haven't even gotten to see what's inside?
I mean, it's crazy. It's stupid.
Once you buy it, you open the door, and you see what's there.
The inside of the house is thrashed.
WOMAN: This is a total redo.
MICHAEL: You build it out like you're going to live there.
That's why they sell.
With money on the line
and renovations costing more and more...
VINNY: We take a diamond in the rough and make it shine, baby.
MAN: We definitely have champagne taste on a beer budget, right?
WOMAN: You're going to pick it up,
you're going to put lots of love into it.
Somebody's going to come by, see it,
and they're gonna want to move their family in there.
Ah.
NARRATOR: Who will come out ahead
in the ultimate house war?
I have to buy something every day.
Otherwise, I'm not going to get paid.
Every week, we spend about $1 million.
We're like ninjas in real estate.
[ Laughs ]
DOM: Krista's my work wife.
We talk more to each other than anybody else.
Greg is a genius when it comes to construction.
Thank you.
I don't want to go broke.
[ Laughs ]
You know it's inevitable, just not for a while.
-- Captions by VITAC --
Closed Captions provided by Scripps Networks, LLC.
I've been running really hard today.
We have to go look at two houses before the auction.
It's crazy, but we're not gonna bid
on something that we haven't actually seen. Can't do it.
[ Engine turns over ]
NARRATOR: 8:00 a.m.,
and listings for this morning's auction
have just posted.
The teams have a small window of time
to see the houses before bidding begins.
Hundreds of thousands of dollars are on the line.
Not seeing a home could mean the difference
between a quick flip or financial ruin.
Down the road, huh? This is it.
Let's get a quick look and get in and out of here.
Up on the block, this 3-bedroom, 2-bath mid-century modern home
in Silicon Valley's upscale city of Cupertino.
With a minimum bid of $600,000,
Rick and Vinny are on their way to check it out.
This is a great location.
Right in the heart of the tech community right here.
This is good stuff.
Oh, yeah. Look at all these cars driving by.
Yeah.
There are people lingering in front of your house all the time?
But I got to say, though,
values here are going through the roof.
It's clean, too. Look at the paint.
Let's see if we can get a little peek in here.
Easy, easy, easy, easy! Take a look through the window.
Don't be pulling the window frame off.
I can't see anything.
Forgiveness, not permission. What's wrong with you?
What have we got over here?
Side door. [ Grunting ]
It's open.
Oh, this is nice.
Look at all these boxes. What goes in this?
Oh, dude, home theater system.
And you know what this is? High-speed Internet cable.
They must have ran it in every room.
This is Silicon Valley. People love that stuff.
Looks great.
Hey, hold on. I want to lock this door.
Yeah, make sure nobody else can see in there.
It's a good neighborhood.
Now, it's Mike and Manly's chance
to check out the same house.
Let's hurry up.
We only got a couple minutes to see this home, man.
MIKE: I love Cupertino.
With the high demand, I mean,
we can sell every home for top dollar here.
MANLY: Nice.
Ah, I love the architecture.
I like the A-frame.
My wedding's in 30 days in Paris.
I'm the best man.
So, we're both going to be gone,
and there's no money coming in.
So, flipping a home before we leave
will relieve a lot of financial stress.
And I did the research.
We're gonna get a really good walk score.
There's the shopping centers, everything. It's perfect.
Mike is extremely thorough in his research.
He finds out all the details on every single home we buy.
[ Laughs ]
Oh, look over the fence.
You sacrifice your pants.
I sacrificed my pants last time.
Man, these are just as tight as yours, bro.
Ugh!
Scouting homes in a hurry
forces us to look for little clues and details
on what's on the inside of the home.
"Homes in a hurry," that's our line.
Yep.
What do you see?
Overgrown plants. Some fresh logs.
Yeah.
That's a good thing.
Added bonus.
All right, Mike, let's go. We got to go.
I'm liking this already.
10 minutes east,
in the desirable Willow Glen neighborhood of San Jose,
Josh and Alisha are on their way
to see this 3-bedroom, 1-and-a-half-bath
with a starting bid of $350,000.
Anything that comes up in Willow Glen, I want.
And if I don't get, I -- I -- I can't sleep.
JOSH: Best place to live.
Excellent restaurants.
Sure.
When's the last time you actually sat down
and had a meal like a normal person?
You know, Alisha, I like to work.
I love to hustle. I love the catch.
Yeah, I'm like a hunter.
I love the catch. And once you make the catch,
then you bring it back to Mama,
and you show her what you caught.
You're Mama.
Yeah.
Looks pretty good.
I love it.
Look at the landscaping. It's done.
I love it.
This saves time and money here.
Josh never takes a day off.
He's always going, going, going.
He needs a small break.
If we can get this house,
Josh can take a couple days off,
relax, turn off the cellphone.
What do you think? Yes?
Okay.
No.
We're not supposed to be doing this.
No, I know. Oh, boy.
That's gonna be a problem.
JOSH: The crack in the garage tells me
that there may be foundation issues with the home.
40, 50 grand easy.
If you get it for the right price, you could make anything work.
I think the bids are gonna get up there because of the neighborhood.
And who knows if other people have gotten into the garage and seen this?
It's highly unlikely.
They probably don't get out of their car, those guys.
[ Laughs ]
It certainly is not going to stop us from bidding on this home.
It's in Willow Glen. We still love it.
Right.
Now, it's Todd and Michael's turn to check out the house.
Willow Glen is an awesome little community.
I lived here for 10 years. This is a great spot.
I remember when you lived here.
I like it!
Looks good.
Tow-away. Tow-away zone.
Make it quick.
What's going on down here?
Those signs are all over the street.
They're upgrading something. Great for the neighborhood.
In general, if there's a lot of remodeled properties
in a specific neighborhood,
it does nothing but increase the property values.
It's tilted.
It's settling. The whole thing's settling.
[ Chuckles ] There's your gutter.
Right?
I'm a strong guy, but if I can move the house
with my bare hands, that's a bad sign.
You're not that strong.
That one's not even connected.
We'll rip this thing out, this whole slab, this roof,
probably 5 grand, and bring a walkway up to the front door.
It'll be fine, right?
Nothing like spending a little money
It's an easy out.
Funny.
Just north, a 4-bedroom, 2-bath ranch on the block
with a minimum starting price of $285,000.
Greg and Beau are on the scene to check it out.
It's a banana.
GREG: It is very banana-yellow.
It's always good to get the ugly house
on a block like this, though.
You know, my dad loves the neighborhood.
He said there's a low crime rate.
He has nothing to say bad about it, like, honestly.
My dad's a retired police officer, and he just lives down the street.
So, it would be really nice for us to get this house.
He's a really handy guy.
He can come over here and help me.
It would just make this whole flip
really easy and fun at the same time.
We're gonna get it. Every window looks new.
The garage isn't bad.
I don't know about the brick and the paneling.
GREG: Painted brick looks good, honestly.
BEAU: I love scouting houses with Greg
because anything that's real negative,
he'll come up with a solution.
Let's see what we got. It's a big crack, man.
Why would it be wet there?
I don't know, like a broken pipe or something?
That's a little concerning, buddy.
If it's a broken pipe, it could be costly.
But everything else is really just cosmetic,
so I think it's gonna be a great buy.
We've got one more house to look at.
We got an hour to auction.
Is that Dom and Krista?
KRISTA: That's Beau and Greg.
I'm responding to a complaint in the neighborhood,
[ Laughs ] Yeah, right.
Dom and Krista, they're not competition to us,
but it's fun to see them pretend.
Maybe you can work on the house after we get it.
Right, right, right, right.
That's why I'm here, man, good quality work.
KRISTA: This is their backyard.
It's their 'hood. It's where they're from.
But we have a lot more experience.
We know what people want.
And besides, I have bigger arms than Greg does.
[ Laughs ]
I don't know about this mess that they made here.
They tried to do a remodel,
but this is not working out for them.
Look at that door. They didn't finish painting it.
Currently, we have over $1.3 million tied up in 2 homes.
So, getting into a house like this at a lower price point
would be really good for business, keep things moving.
Locked.
Nice! All right.
Ooh, I like this.
This is nice.
I like that it sits behind a school.
I don't like that at all 'cause it's super-noisy.
I mean, you get all the kids in the morning.
Look at all this trash.
That means the kids are throwing it.
Well, I guess you're right. It's not a very good idea.
Really pretty view, though.
New door.
At least something's fixed.
It's really a 50-50 shot as to whether or not it's a mess,
or it's already been kind of renovated.
I think it's cool.
Yeah.
It's 10:00 a.m., auction time.
Bidding is about to begin.
Okay, we've got lot number 307, Cupertino.
It's 1,272 square feet.
NARRATOR: Mike and Manly think this house
will be the perfect 30-day flip they need
before leaving town for Manly's wedding.
This property is ours.
The exterior is pristine. Location is great.
And mid-century homes sell.
Rick and Vinny plan to bid on this house
because they love its sought-after location.
RICK: Vinny and I really want Mindanao.
We've seen all the cops in the neighborhood.
And we're not afraid to push up the bids today.
We're gonna get in there, and we're ready to rumble.
PIO RODA: I'm going to start it off at $600,000, then.
$600,000 right there. Give me $620,000.
$620,000 right here. Give me $640,000.
$660,000.
MAN: $700,000.
Right away, these people are jumping up $20,000.
Heavy hitters at the steps today.
$780,000.
MAN: $800,000.
$820,000.
$840,000.
$840,000 right here. Gonna be $850,000.
Gonna be $850,000.
Okay, we've got lot number 307, Cupertino.
$840,000.
$840,000 right here. Gonna be $850,000.
You're gonna be $850,000.
$850,000.
KRISTA: Mike and Manly and Rick and Vinny
are in full-out war on this house.
It is in Cupertino. Wonderful schools.
But, I mean, it's getting up there.
You're gonna be $860,000.
Rick and Vinny are still in.
I didn't expect that. They never bid up this high.
These guys come in here with their fancy suits.
They're acting like prima donnas. I mean, come on.
But we got to be smart.
$860,000 right here. Gentlemen, got to beat $860,000.
$855,000.
Now, we're gonna to slow it down right here.
$860,000 right here.
RICK: This might be their neighborhood,
but we're ready to take over.
$865,000, he says.
Gentlemen, he said $865,000.
You've got to be $870,000, sir.
$870,000 right here.
ALISHA: Maybe they know something we don't know.
Exactly.
$875,000.
They're right back in, gentlemen. Got to be $880,000.
MIKE: We're quickly reaching the point
where this deal does not make sense for us anymore.
Yeah, but I'm not giving up yet.
Rick and Vinny, they've got to be getting nervous.
I think they're close to caving.
$885,000
MAN: Wow.
$885,000 right here. Got to be $890,000.
Got to be $890,000 What do you say, in or out?
$885,000 right here. Last call.
All in, all done?
Sold right here for $885,000.
Good work!
VINNY: Going into a house at $885,000, it's tight, man.
There's no room. You make one mistake, you're done.
They took all the juice out of the deal.
Good luck, buddy. You're gonna have to sell one of those sports cars now.
I set our limit at $890,000.
So, this is still really a good deal for us.
Yeah, we'll flip this thing for seven figures easily.
Yep.
Okay, we've got lot number 600437, San Jose.
NARRATOR: Josh and Alisha are eager to get this home
because it's in Josh's favorite neighborhood of Willow Glen.
JOSH: I really want to get this house.
It's right in my backyard.
Yes!
Yes.
Todd and Michael plan to battle for this home
because they love the location as much as the price tag.
A 3-bedroom, 1-and-a-half-bath in Willow Glen
for $350,000 is a joke.
We are all over it.
That's the opening bid.
It doesn't mean we're gonna get it at that.
We're still gonna buy it.
I'll start the bidding out at $350,000.
$350,000. Thank you very much. Gonna be $360,000.
$360,000 right here. Gonna be $370,000.
$370,000 right there. Gonna be $380,000. $380,000 right there.
$400,000 right here. Gonna be $410,000.
There are a lot of people bidding on this home.
And it's going up pretty quickly.
And I'm gonna slow it down a little bit.
$405,000 right here. Gonna be $410,000.
$410,000 right here.
$415,000 right here. Gonna be $420,000.
$425,000.
30.
Oh!
$435,500.
500 bucks? We're at an auction. We're buying houses here, not china.
I'll be here all day. Gonna get $436,000, sir.
$436,000.
$435,500.
$500 at a time?
$437,000.
And a $437,500.
JOSH: Todd and Michael are becoming a little unhappy
with the way that we are bidding.
Yeah.
But I don't care.
I love to battle with Todd.
[ Laughs ]
$438,500.
I'm surprised that you're actually playing this game with Josh.
He's under my skin.
$439,000.
$439,500.
$440,000 right here.
I don't think Todd and Michael
saw the foundation in the garage.
That scares me a little bit.
I'm not in a position to lose money right now.
Gonna be $441,000. No advance to $441,000?
Last call.
Sold right here for $440,000.
TODD: That is a steal.
I'm so proud of you.
You don't always have to jump the bid like that
That's right.
Ha!
Oh!
You know, that's -- that's wrong.
[ Laughter ]
Okay, we've got lot number 28534.
NARRATOR: Dom and Krista believe
this home shows a lot of promise for a low price.
KRISTA: We want this house really bad.
It's in a great neighborhood.
And it has enormous potential for a very high resale.
Greg and Beau plan to bet big on this home
because Greg's dad lives nearby
and can help with any renovations.
I'd really like to get this house.
It would be a great chance
for my father and I to get to work together.
I'll start the bidding at $285,000, ladies and gentlemen.
Thank you. $285,000, right here.
Gonna be $290,000. $290,000 right here.
$295,000 right here.
Gonna be $300,000. $300,000 right there.
$305,000 right here.
$310,000.
$320,000 right there.
$330,000.
$335,000.
It's our neighborhood. We're gonna get it.
$340,000 right there.
Gonna be $345,000.
All right, $341,000.
Gonna be $342,000. Your turn, sir.
We still really want the property.
So, we're not gonna let the bidding get out of control.
$342,000.
$343,000.
These guys, it's like a ping pong match.
They're going back and forth.
[ Both laugh ]
$346,000.
Gonna be $347,000.
Getting nervous.
$1,000 here, $1,000 there. I'm sick of it.
$347,000. What do you say, sir?
We're at $347,000. What do you say, sir?
$350,000. Let's get it done.
$350,000. He says, "let's get it done."
What do you say? I got $350,000 right here.
Close it.
$350,000 going twice.
MAN: Good job, Beau.
DOM: I'm a little bummed that they won,
But I wasn't going to overbid on a property.
I will just put my guys on a different job site.
MAN: That's a sweet deal you got there.
Thank you.
So stoked that we got the house at $350,000.
I can't wait to see the inside.
NARRATOR: In Cupertino,
Mike and Manly are about to enter
their new purchase for the first time.
MANLY: We got this house for $885,000.
In this neighborhood,
homes can go for well over a million dollars.
It's in good shape. It's in a great location.
Yeah, it's a perfect combo for a quick flip.
Tell me about it.
Here we are.
Whoa.
What's going on? Dude.
What's all this?
I don't believe this.
Ugh.
Geez.
This house is thrashed.
It smells kind of like old gym clothes in here.
This was tenant-occupied.
And from the looks of it, they were not happy to leave.
Check this out. Watch out.
This is thrashed.
Normally this wouldn't be scaring me 'cause we got a great deal,
but on this one, it is a quick, 30-day turnaround time.
Yeah. We can't have a house sitting half-finished
and sucking dollars out of our bank accounts
while we're in Paris for Manly's wedding.
We got to come up with a plan and act fast.
What I'm thinking is,
we're going to blow out this whole area.
MIKE: Oh, nice.
I'm thinking wood floors.
Right in the middle, that will be a hood range with an island.
I think that will look great.
So, along the wall, we're gonna put kitchen cabinets,
a fridge, some high-end finishes.
Okay, yeah.
That'll work.
All right. Oh, here's the master bedroom.
Look at this.
They broke everything, even the toilet.
MIKE: You'd have to be really mad
at the porcelain gods to break a toilet.
That's right.
There's a lot of work before we go to Paris, I'll tell you that.
You think we can finish this in 30 days?
We have to get it done.
I'm hoping, with this money pit,
we can make it to Paris on time.
Hey, the tickets are nonrefundable.
I just got the tux fitted, too.
Yeah.
Down in San Jose, Todd and Michael
are on their way over to see what their $448,000 bought them.
SHARON: Hi, honey.
As soon as my wife and I had kids,
we immediately started calling my mom Grandma, and it stuck.
I'd love for my mother to move out here,
be with the grandchildren.
Got some good news.
We're closing a deal in Willow Glen
so we're gonna have the money to get you moved out here.
SHARON: Oh, great. I have a lot to get done.
Growing up, my mother was the sane one in the family.
She is a saint. And she's my best friend.
SHARON: Oh, gosh.
I'm excited, honey. Thank you so much.
MICHAEL: Hey, when you come out,
can you make some of your world-famous potato salad?
Oh, I'd love to. I'll do that for you, for sure.
Miss you very much. Love you.
All right. Bye, Grandma.
I'm fired up about it.
Nice.
I like it.
I like the ceiling.
Yeah, it's nice, exposed beams.
Look, we've got, like, a 40-year-old A/C unit right here.
TODD: Yeah, we've got to rip that out,
put forced-air in this place.
Yeah, probably three or four grand.
Better than I thought.
All these cabinets are gone. This wall's got to go.
It'll be gourmet when we're done.
Todd is really good at walking into an area
and having a vision.
Michael's really good
at making sure I don't spend too much money.
[ Laughs ]
So, what do you think for the whole thing?
Less than 10 grand for a brand-new kitchen.
You like that?
I think it's aggressive.
Bet you lunch it's under 10 grand.
Deal.
There's no way that kitchen's gonna come in at 10 grand.
It's probably going to be about 15.
So, I'd say, between the 2 rooms,
probably looking at 17-20 grand.
We'll keep it under 15 grand for sure, and he's buying lunch.
Look at this.
It's just an old patio that settled.
Dirt settles.
Foundation's get messed up, too.
Worst thing that can possibly happen
when we're buying one of these houses
is to buy one that has a serious foundation issue.
It can cost tens of thousands of dollars.
It would totally kill this deal.
Interesting.
The lot's over 6,500 square feet.
So, we've got plenty of room to do a lot of nice things.
I say what we do is,
we bring the concrete all the way out here
Yeah.
Well, I mean, we're gonna need some more living space out here.
With a big concrete patio out here,
we can add a nice dining area and a seating area
with steps coming down to a big lawn for the kids to play on.
All beautiful, new fencing.
I think probably 10 to 15K.
Like, triple our typical budget.
That's gonna help us exit this property with a good number.
All right.
Feeling a little out of place right now.
The new landscape architect wants to overspend.
How's it feel? Welcome to my world.
[ Laughing ] Yeah, it hurts.
If you really want to bring your mom to this neck of the woods,
we've got to go big on the yard.
Unless you spend all the profit.
NARRATOR: Across town, Craig and Beau are about to see
the inside of their newly-purchased property.
[ Laughs ]
Let's see what we got.
All right, good, good, good news, good news.
Wow.
This house is absolutely horrid inside.
It's like they started something but...
I don't know. It's, like, totally just mismatched.
Everything in this house is halfway done.
The carpet's halfway cut.
Baseboard, halfway installed.
There's an oven sitting on the ground.
It's...
Look at the flooring. I mean, everything is just --
It's like floor mats in a car.
Floor mats throughout the house. I love it.
And then, the linoleum.
It's bad.
There's a school right there. It's gonna be so loud.
Yeah, but look at the backdrop.
That's Mount Diablo back there.
Like, the full side of it.
Plant some shrubs up along the fence.
I mean, eventually the shrubs will grow bigger.
It'll help with the sound.
We can work with it.
Greg made me buy this house.
Now, we've got to do something with it.
Like, what are you gonna do?
BEAU: I always feel like I'm waiting
for Greg to come up with a solution for the house.
And those are the longest minutes of my life.
The kitchen, just rip it out.
Start the kitchen at the window,
Okay.
I like it.
Maybe a 6x8 island here with a cook top in the island.
Could we get this done in 30 days?
I got my dad close by. He could help us out a lot.
Let's go, boys!
Game time.
Let's rip this wall out.
You got this, Will. You got this!
Don't jack up that beam, Eddie. We're keeping that beam.
PFAFF: Get rid of that air conditioner.
Don't bust the Freon out of it, please.
This is gonna be awesome.
We spend $15,000 in the kitchen/family room,
neighborhood of 15 grand in the backyard,
and another $15,000 in the rest of the house,
we're in this deal under $50,000.
That would be huge.
[ Hissing ]
Every out of the house. Out.
Everyone out. Eddie, get out of there.
They broke the air conditioner,
and there's Freon blowing into the air.
One drop of that hits you in your eye,
and you're completely blind for life.
PFAFF: Get rid of that air conditioner.
Don't bust the Freon out of it, please.
[ Hissing ]
Everyone out of the house. Out.
Everyone out.
TODD: They broke the air conditioner,
and there's Freon blowing into the air.
Sorry, did I not say it, like, 10 times?
Don't break the Freon.
Nasty.
One drop of that hits you in your eye,
and you're completely blind for life.
We got to let it air out.
Unbelievable.
We're losing some time. It's not feeling great.
It's better than sending guys to the hospital.
Good point.
Can we still finish demo today?
Okay.
[ Laughter ]
NARRATOR: 10 miles west,
Mike and Manly are starting renovations
on their home in Cupertino.
We're gonna gut this kitchen.
This house right now feels like a rat maze.
There's a lot of funky walls.
We just need to knock them all down and open it up.
MANLY: I'm getting married in 30 days.
Yes, we do.
You'd better come check this out.
Oh, man.
I'm no expert on mold.
We've dealt with mold before,
and at times, it can be really, really serious.
MANLY: Geez, that's pretty -- That's what the smell was.
We've got to get somebody to take a look at it.
MIKE: We have to get a mold inspector.
We have to get it tested.
SKAR: All right.
NARRATOR: It's been one week
since Todd and Michael began work on their Willow Glen home.
Today, they find out if the foundation needs to be replaced.
The worst thing that can possibly happen
when we're buying one of these houses
is to buy one that has a serious foundation issue.
It would totally kill this deal.
PFAFF: Well, you remember all the cracks
Right.
We did some, uh, investigating for you.
This whole area used to be a dry creek bed.
And that's what was causing all the settling
and all the cracking.
What does all that settling mean to us?
It means that the soil back here is worthless.
So, we're going to have to haul in,
to make this a park like you wanted,
probably, you know, 15, 20 tons of fresh soil.
What's that gonna run?
Uh, it's about 8,000 bucks.
Oh, geez.
I'm not paying 8,000 grand for dirt.
So, we have to.
That's just painful.
Ugh.
My partner's elaborate backyard design on this house
is costing us a small fortune.
It'll be worth it. You know it.
Remember the, uh, construction equipment
that was out on the street?
Yeah, from the houses being remodeled, right?
Yeah, it wasn't from the houses being remodeled.
It was foundation repairs going on.
Not this one?
No. I, uh, crawled under this one.
We're actually in good shape.
Seriously.
It is good news.
That's a huge relief.
It's going to save us a lot of money.
NARRATOR: Across town, it's day 4 of renovation.
GREG: Perfect.
Are you gonna save that?
No, we're not gonna save it.
You will never meet a more thrifty flipper than Beau.
That thing's seen better days.
Those are, like, $250, though, so...
That one's worth about five bucks.
BEAU: We have new cabinets to install.
And this is going to be the first step
to breathe new life into the kitchen.
It's always good when there's a hole in the ground.
Looks like an old vent or something.
What is it?
GREG: That's crazy.
There's something in there.
As we were gutting the kitchen,
we found a small, black bag
in the floor behind the fridge.
What?
Dude, look at that.
Those are, like, fake coins.
It's a fake? This isn't fake.
I collect coins, man.
Oh, you "collect coins."
You were, like, five years old when collected coins
[ Laughs ]
These are 100% authentic.
I have a good idea that these are worth a lot.
Why would someone hide these down there if they were fake?
People don't hide fake money, right?
They're worth something. They've got to be.
You don't think they're worth anything, do you?
I don't, no.
I've got a buddy that owns a coin shop.
We could bring them to him.
He'll tell us exactly how much these are worth.
This sunken treasure's gonna buy us a new sink,
or it's gonna buy us a new soap dispenser, one of the two.
NARRATOR: Back in Cupertino, it's day 5 of renovations,
and Mike and Manly's contractor has news.
MANLY: Hey, guys. How's it going?
Yeah.
Looks clean. I'm loving it.
SKAR: The inspector came, and we don't have mold.
We're all cleaned up and dialed in, as you can see.
We're all set.
Time and money saved. I'm feeling good.
However, we have bigger issues.
I don't like the "however" word.
Yeah.
Okay, so, apparently, all the homes in this neighborhood
all had radiant heating systems.
So, you've got, you know, copper pipes
that are running in the slab.
And that's how you get your heating system in these homes.
The reason we have these cracks is because,
you know, we've got leakage in there.
Yeah.
Basically, we're gonna need to go in, jackhammer the slab out.
And we're gonna have to repair those pipes.
Yeah.
Yeah.
Wow.
Yeah.
MANLY: I'm speechless. How many steps to fix this?
This is weeks of work, not to mention the time and money.
[ Scoffs ] I'm freaking out.
I'm thinking, we'll take the mold.
Bring back the mold. It's way easier than this.
How much is this gonna cost us?
We're looking at probably around 20 grand
to do this thing and the proper permitting.
So, and how long is this going to take, Mike?
'Cause, as you know, this job is very time-sensitive.
I know, I know.
And, uh, you know, it's pushing our 30-day flip
into about a 45-day project.
Oh, gosh.
Don't worry about it.
Mike and I will stay here. We'll take care of this.
I'll -- I'll leave later.
I'll meet you over there for the wedding.
Just go ahead and get off to Paris.
I'll take care of things here with Mike, get it on the market.
You're sure we can do this in 45 days, Mike?
Yeah, not a problem. We will absolutely wrap it up.
Mike's a stand-up guy.
He's the type of friend and business partner that always has your back.
Yeah, I know you'd do the same for me.
Just have a glass of champagne waiting when I get to Paris.
NARRATOR: Greg and Beau are on their way to meet
with Greg's friend who owns a coin shop.
You were 1 of those kids that collected comic books
and baseball cards and coins, one of those nerdy kids?
You never collected anything like that?
I collect paychecks. And we're not collecting right now.
Hey, Bryan, how are you?
Another Greg, how are you?
So, we're working on this house. We found this bag of coins.
Cool. Let's see what you've got.
Sure. [ Laughs ]
The, uh, mercury dime was made between 1916 and 1945.
They got to be valuable.
They're all in pretty -- pretty heavily circulated condition.
These are worth about $1.60 in this condition.
Well, the better news is...
BEAU: While we were moving the refrigerator 'cause we're gutting the kitchen,
Greg happened to find a sack of coins.
We're always finding cool things in houses.
Mostly, they're trash.
BROWN: So, you've got six Walking Liberty half dollars here.
They were made between 1916 and 1947.
Unfortunately, none of these are worth a great deal.
You additionally have two $10 gold pieces,
which are just under a half ounce apiece.
BEAU: So, that's real gold?
Those are 90% gold.
They were circulated gold coin
while we were still on the gold standard.
And these were made from the middle 1800s
until the early 1900s.
And those guys are worth...
...700 bucks apiece.
Yes.
Yes.
I'm always right.
Yes!
How many sinks is that?
That's a sink and a refrigerator.
Exactly, gold-plated.
Would you be willing to buy these?
Absolutely, that's what we do.
I'm stoked. That's gonna help so much on this remodel.
Anything that makes us money makes me happy.
NARRATOR: Back in Cupertino,
with Manly in Paris preparing for his wedding,
Mike is checking on progress at the mid-century ranch.
It's been two weeks since they discovered the plumbing
in the concrete floors needed to be replaced.
Hey, guys. How's it going?
Yeah.
I have to be in Paris in one week for Manly's wedding.
It took two weeks to get the plans and permits on this.
So, that was our big holdup.
But we have the permit now.
First, we were looking at 30 days.
Now, we're realistically gonna be at about 60 days.
We're working the guys seven days a week now, as it is.
So, you know, they've got to have time to sleep.
Okay.
[ Inhales sharply ]
Maybe we can bring in another crew?
Yeah.
Okay.
Over in San Jose,
it's been three weeks since Todd and Michael
started renovations on their property.
And they're checking on progress with their contractor.
Yeah, you like it?
I really like it.
We're just finishing up countertops,
backsplash, appliances.
Awesome.
'cause this thing's gonna sell
I agree.
Love it. Good job.
NARRATOR: Across town, Greg and his dad are on
day 10 of renovations.
Could you hand me one of those planks, please?
Yes, sir.
So, with my dad helping out, we're getting a lot done.
We're painting the kitchen.
We're installing hardwood flooring.
You've got this squared with the hallway, right?
It looks straight.
Well, it can't just look straight.
Well, if you look at it with one eye, it looks straight.
[ Laughs ]
GREG: Growing up with my dad as a police officer,
things were by the book.
You know, you could be a kid, but you had to be a good kid.
Till this day, I'm 29 years old,
and when my dad gives me that look, you know,
it puts the fear of God right back in me.
I really appreciate your help.
This helps a tremendous amount.
Well, this is kind of fun,
'cause this is bringing back some memories for me.
And I don't mind doing it at all.
And you'll find that my fees aren't that high.
[ Laughs ]
NARRATOR: With $22,000 of their $25,000 renovation budget spent,
Greg and Beau have just gotten
some terrible news from an inspector.
Well, the inspector showed up and basically said
that that crack on the side of the house
was caused by a broken sewer line.
And to replace the pipe is going to cost $20,000.
But we had no idea it could turn into such a problem.
There's still so much to do.
We still have to trim out the fireplace,
all this granite, and it's a lot of granite, too.
We never liked to leave houses incomplete.
But there's no way we're gonna be able to finish this project.
It's a shame because this place has so much potential.
I mean, it would have been awesome.
We're gonna sell the property as-is
with full disclosure
of all the work that still needs to be done to the buyers.
Let's get out of here.
Renovations are finally complete at Todd and Michael's property
in the Willow Glen neighborhood of San Jose.
They spent $30,000 over their original budget.
And they're about to see the results.
MICHAEL: We bought the house for $440,000,
spent $75,000 on the renovation.
We hope to sell it for $649,000.
Hi, baby doll.
I heard you were coming to town.
TODD: I decided to fly my mom in early to see this house.
I really want her to be proud about what we do.
Thank you, Michael.
If we can make a great profit on the sale of this house,
it'll finally make it possible for me to move my mom out here.
You like it?
Oh, it's darling.
It's absolutely stunning. I mean, we're thrilled.
The living room, initially, was dark.
It was ugly,
old air-conditioning unit mounted in the wall.
Wasn't gonna work.
We didn't have to make tons of changes,
but the ones we did were perfect.
Oh, gosh.
You like it?
It's so open.
Really nice.
This room was completely transformed.
There was a wall right here.
We had to redo all the beams, countertops, cabinets.
Boy, yeah, that's a lot of work.
Look back here.
Oh, man.
This is beautiful.
Best room in the whole house, right?
God.
This would be great for kids out here.
This is wonderful.
PFAFF: He did, actually.
SHARON: I'm proud of you, Michael.
MICHAEL: And look at the end result. Look how beautiful it is.
It came out great.
Thank you.
We spent over $10,000
more than we anticipated on the backyard.
And normally, that would make me very nervous,
But given how beautifully it came out, it's a home run.
Correction -- Michael spent $10,000 more on this backyard.
You finally realize
that investing some money makes a little money.
[ Laughter ]
Let's go get this done.
Let's get me out here, boys.
Mwah!
In Cupertino, one day until the open house
at Mike and Manly's mid-century modern remodel.
With Manly gone to Paris,
it's up to Mike to get the home on the market and sold.
He's heading to the house with his contractor
for the final walk-through.
So, it's all done, buttoned up?
Don't worry, man. I got you.
[ Sighs ] Okay.
It's been really tough without Manly here.
We usually make all of the important decisions together.
And it just makes me realize how strong of a team that we are.
I'm a little nervous about flying solo.
But he's counting on me, and I'm gonna get it done.
Wow.
This looks nice.
All right.
Wow.
MIKE: The paint looks really good, Mike.
Wow.
Wait till you see the inside.
Wow.
This is amazing.
You guys really outdid yourselves on this.
You knocked this one out of the ballpark.
Without the walls, this place is completely open now.
It's so inviting.
This kitchen is incredible.
This looks like it just came
right out of a designer showroom.
If Manly was here, he'd flip out and cry right now.
I mean, look.
It's so sleek. I love it all.
It looks so good. There has to be a hefty price tag.
Yeah, we've got about $35,000 into this kitchen.
Well, just looking on the return on investment,
I mean, it's completely worth it.
This house, by far,
is the most unique home that we have ever worked on.
We wanted to preserve as much as we can
of the architectural design.
But we did put a lot of our modern style into it.
Wow.
This is just beautiful.
The master bedroom did a total 180.
It is a master retreat. It's a suite.
I think Manly is gonna love this.
He's gonna be really proud.
We bought the home for $885,000,
put about $110,000 into the home,
which is $45,000 more than anticipated,
but hoping to sell it for 1.2 million.
Let's do an open house, sell this thing right away.
All right.
I'm Mike. Let me know if you have any questions.
I mean, I like the kitchen. When you walk in, it's just open.
Wow.
MAN: Look at this fireplace.
This wood is really pretty. Makes it looks so grand.
It's turn-key, the nicest upgrades we've seen.
Um, it has the best schools.
So, we are ready to make an offer on this house.
We purchased the property for $350,000.
We put $22,000 into renovations.
We would have ran out of money if we kept on this project.
So, we listed it at $400,000
with a disclosure of all the repairs needed.
The home was on the market for nearly a month,
and we were really starting to sweat.
But, finally, we got an offer.
It was a long month.
We purchased this home for $440,000,
spent $75,000 on the renovation budget.
And the good news is,
we finished it in less than 30 days.
We immediately received two offers.
I know the backyard was a huge selling point
MICHAEL: I agree.
Spending that extra money in the backyard
was the best decision we made.
We made a really nice profit on this transaction.
It's more than enough money
for a down payment on a new home for my mom.
MANLY: When we first walked into the house, it was all banged up.
MIKE: Yeah.
Yep.
Put about $110,000 into it.
Listed the house for 1.2 million.
You did a good job, man.
Mike ended up selling the house to a great couple.
Immediately, he flew to Paris
and was the best man for my wedding.
The wedding was phenomenal.
I mean, it was like a dream come true.
I was really happy to stand by your side
and watch you get married.
You were the happiest I have ever seen.
Yeah, you cried more than I did.
[ Laughs ]
NARRATOR: Greg and Beau ran into
a very costly problem with the sewer line.
They sold the house as-is.
But in the end, they lost $3,000, netting them no profit.
Todd and Michael's flip appealed to large families
looking for an outdoor space.
They sold the house for $655,000,
netting a hefty profit of $140,000.
They made the best use of their money
and achieved the biggest return on their investment at 27%.
Mike and Manly took a complete wreck and turned into a beauty.
They sold the house for a staggering $1.2 million,
securing them the largest profit, a whopping $205,000.
Everything was going smooth. We were right on track.
Greg's dad was helping out.
And then, boom, it went downhill.
As hard as it was to walk away,
I actually learned a valuable lesson.
Yeah, don't buy yellow houses.
Don't buy yellow cracked houses.
The wedding was phenomenal.
I mean, it was like a dream come true.
It's, like, once in a lifetime.
Well, it better be once in a lifetime.
Oh, yes. Trust me, it is. [ Laughs ]
I'd love for my mother to move out here,
be with the grandchildren.
Selling this house makes that possible.