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(woman) AAH!
(Tarek) FLIPPING FORECLOSURES IS A RISKY BUSINESS.
(woman) AAH!
I'M TAREK. THIS IS MY WIFE CHRISTINA.
AND WE'RE REAL ESTATE AGENTS.
NICE TO MEET YOU.
EVER SINCE THE HOUSING MARKET CRASHED,
IT'S BEEN A ROCKY ROAD.
WITH A FAMILY TO SUPPORT, WE'RE STARTING A NEW BUSINESS,
AND WE'RE FLIPPING FORECLOSURES.
WE BUY HOUSES FOR CASH...
SOLD.
SOMETIMES SIGHT UNSEEN.
SOME OF THE HOUSES WE BUY ARE EASY FIXES.
SO IT'S ALL SMALL COSMETICS SO FAR.
BUT OTHERS ARE TOTAL TEARDOWNS.
(grunts)
WE'RE TALKING TENS OF THOUSANDS OF DOLLARS, NOT JUST THOUSANDS.
OH, MY GOD.
AND YOU NEVER KNOW WHAT YOU BOUGHT
UNTIL YOU WALK THROUGH THAT DOOR.
YOU KNOW WHAT? I JUST BOUGHT THIS NEW TOOL
THAT WILL TAKE CARE OF THE WHOLE THING.
WHAT'S THAT?
A BULLDOZER.
Closed Captions provided by Scripps Networks, LLC.
Captions by VITAC.
TODAY FEELS LIKE A GOOD DAY.
TAY TAY IS IN A GOOD MOOD.
YOU WANT TO WORK WITH DA-DA? YOU WANT TO BUY A HOUSE?
HMM?
CHECK THIS OUT. THIS IS INTERESTING.
IT'S A CURBSIDE AUCTION.
WHAT DO YOU MEAN?
IT'S TODAY IN, LIKE, AN HOUR AND A HALF, THOUGH.
WHERE'S IT AT?
SANTA ANA.
CURBSIDE AUCTIONS ARE A GREAT OPPORTUNITY
BECAUSE WE GET TO PREVIEW THE HOUSE BEFORE THE BIDDING STARTS.
AND EVERY OTHER FLIPPER IN ORANGE COUNTY
PROBABLY HAS THEIR EYES ON IT, TOO.
THAT'S A REALLY LOW OPENING BID. IT'S ONLY $170,000.
WHAT DO YOU THINK? WOW, THAT'S CHEAP.
TAY TAY, YOU WANT TO GO TO AN AUCTION
WITH MOMMY AND DADDY OUTSIDE?
YEAH, YOU WANT TO GO TO AN AUCTION?
HOW MUCH TIME DO WE GOT?
WE HAVE, LIKE, 45 MINUTES.
(Tarek) SANTA ANA IS A HISTORIC SOUTHERN CALIFORNIA TOWN
FULL OF REALLY COOL BUNGALOWS AND SPANISH-STYLE HOMES.
THESE HOUSES ARE OLDER,
AND THEY USUALLY NEED SOME SERIOUS UPDATING.
BUT THE PROFIT MARGINS CAN BE HUGE.
THERE ARE PLENTY OF BUYERS WILLING TO PAY A PREMIUM
FOR HISTORIC HOMES THAT ARE UPDATED.
I MEAN, JUST LOOK AROUND. THESE ARE BUILT EARLY 1920s.
LOOK HOW NICE THAT HOUSE IS.
(Christina) OH, WOW.
THERE'S THE HOUSE UP THERE.
THERE'S A LOT OF PEOPLE HERE TODAY.
HERE IT IS.
(man) WELCOME TO THE AUCTION, FOLKS.
GOOD MORNING.
YOU'VE GOT A LITTLE LESS THAN TEN MINUTES LEFT
TO CHECK OUT THE HOUSE.
COOL.
(Tarek) THIS IS A REALLY RARE OPPORTUNITY
TO ACTUALLY INSPECT THE HOUSE BEFORE WE BID ON IT.
STILL, YOU NEVER KNOW WHAT YOU'RE GONNA FIND
WHEN YOU OPEN UP AN OLD HOUSE LIKE THIS.
IT'S A PRETTY LARGE ROOM.
YEAH, CHECK IT OUT, 1920s ARCHITECTURE.
YEAH, THAT'S COOL.
WE COULD-- WE COULD SALVAGE IT.
IS THAT MOLD?
UH, I HOPE NOT.
IT'S GOT GOOD CLOSET SPACE AND EVERYTHING.
WELL, IT'S A NICE YARD. IT COULD BE FIXED UP NICE.
HERE'S GONNA BE A PROBLEM. THE KITCHEN'S TOO SMALL.
OH, THAT'S DISGUSTING.
BUT YOU KNOW WHAT? WHAT IF WE OPENED UP THIS WALL RIGHT HERE.
WELL, CAN WE?
MAKE THIS ONE BIG, OPEN SPACE.
IS IT ME OR IS THE FLOOR SLANTED?
IT DOES LOOK LIKE A SLOPE ALMOST.
YOU'VE GOT A FOUNDATION PROBLEM
FROM THIS GIRDER TO THAT OUTSIDE BEARING WALL.
(woman) SOMETHING YOU COULD FIX, THOUGH, FAIRLY EASY?
FAIRLY EASY, SURE.
I THINK IT'S GOT RENTAL POTENTIAL.
IT DOES, YEAH.
THIS HOUSE HAS A LOT OF GREAT POTENTIAL.
I THINK I'M GONNA GO ON IT.
(Tarek) IT SOUNDS LIKE PEOPLE
ARE INTERESTED IN BUYING THIS HOUSE, AND IT LOOKS LIKE
THEY KNOW A LITTLE BIT ABOUT CONSTRUCTION, TOO.
I WISH I HAD THE TIME TO HAVE MY CONTRACTOR COME BY
TO CHECK OUT THIS FLOORING ISSUE, BUT WE'RE OUT OF TIME.
ALL RIGHT, TWO MORE MINUTES. WE'RE GONNA GET STARTED
OUT IN FRONT, GUYS, SO YOU GOT TWO MORE MINUTES.
ALL RIGHT, WE'RE ALREADY OUT OF TIME. WE GOT TO MAKE A DECISION.
(Christina) I MEAN, IF YOU LOOK PAST THE DISGUSTING MESS,
IT ACTUALLY HAS SOME, LIKE, GOOD ARCHITECTURAL FEATURES.
I SAY WE GO FOR IT.
THE OPENING BID ON THIS HOUSE IS $170,000.
AND THAT IS THE CHEAPEST HOUSE WE'VE SEEN IN A LONG TIME.
COMPS ARE AROUND $300,000, BUT A NICE REHAB
CAN INCREASE THE VALUE OF THIS HOUSE WAY BEYOND THAT.
OKAY, WHAT'S THE MAX WE CAN GO TO, $205,000?
MAX $205,000.
OKAY, LET'S GO.
I THINK IT HAS A LOT OF POTENTIAL.
I HOPE YOU'RE-- I HOPE YOU'RE RIGHT.
UH, THE PROPERTY IS GOING TO AUCTION HERE TODAY IS AS IS.
THERE'S ABSOLUTE NO WARRANTIES OF ANY SORT,
WRITTEN OR EXPRESSED.
ALL SALES ARE FINAL
REGARDLESS OF THE STATE OF THE PROPERTY.
THE OPENING BID FOR THIS HOME TODAY IS $170,000.
DO WE HAVE ANY BIDS ON $170,000?
$170,000.
HOW 'BOUT A $170,000 FOR THE YOUNG LADY.
NOW $180,000, $180,000, NOW $185,000.
$185,000 AND NOW $190,000, $190,000.
(Tarek) IT'S REALLY HARD TO KNOW HOW HIGH
THE OTHER BIDDERS ARE WILLING TO GO ON THIS HOUSE.
AND EVERY NEW BID IS LIKE WATCHING OUR PROFITS DWINDLE.
$200,000, $200,000 HERE.
NOW $210,000-- WHAT ARE YOU TRYING TO SAY?
$201,000.
$201,000 IN THE BAG AND SOMEBODY GET--
$202,000.
$202,000, AND NOW $202,000,
$203,000, $203,000, CAN I GET $203,000?
$203,000.
AND NOW $204,000, $204,000, CAN WE GET $204,000?
YOU SURE?
COME ALONG, YOU CAN DO IT. $204,000, I'M LOOKING FOR--
YEAH, DON'T GO ABOVE.
$204,000.
NOW $205,000, THINK ABOUT IT, COME ALONG NOW.
$205,000.
$205,000.
(Tarek) $205,000 WAS OUR MAX BID.
BUT THIS GUY SEEMS LIKE HE KNOWS SOMETHING ABOUT THIS HOUSE
THAT THE REST OF THE CROWD DOESN'T.
$206,000, $206,000, YOU CAN DO IT, COME ALONG.
I'M GONNA MAKE YOU MONEY. I'M GONNA--$206,000.
$206,000.
$206,000, $206,000 HERE AND $207,000 WHERE?
$207,000, $207,000, THINK ABOUT IT.
$207,000.
$207,000, HE OWNED IT FOR A MINUTE, NOW $208,000.
COMING ALONG, I'VE GOT A $207,000, NOW $208,000--
$208,000.
$208,000 AND NOW $209,000. I'M AT A $208,000 HERE
$209,000, $209,000, GONNA GET $209,000.
ANYBODY ELSE AT $209,000? FIRST CALL.
I THINK WE GOT IT.
I'M AT A $208,000 AND NOW $209,000. LAST CALL.
YOU ALL THROUGH? YOU ALL DONE?
SOLD RIGHT HERE IN FRONT, THIS GENTLEMAN FOR $208,000...
THERE WE GO. SAY YAY! GOOD JOB, DA-DA.
LADIES AND GENTLEMAN, AND THANK EACH OF YOU FOR COMING.
(Tarek) THANK YOU.
YEAH.
(Tarek) $208,000 IS A COUPLE GRAND MORE
THAN WE THOUGHT IT WOULD TAKE TO WIN THIS HOUSE,
BUT WE STILL THINK IT'S A GOOD BUY.
WE NEED TO GET DAN OUT HERE, LIKE, RIGHT AWAY.
YEAH.
ALL RIGHT. SHE'S A BEAUTY, ISN'T SHE?
(Dan) NICE.
WHAT DID YOU PAY FOR THIS THING?
I PAID $208,000.
AN OLD HOUSE LIKE THIS CAN BE A CAN OF WORMS.
AND WE HAVE TO REHAB THIS PLACE IN 30 DAYS
BEFORE THE MARKET GOES CHANGING ON US.
(Dan) HO HO.
WELL, HERE SHE IS.
NICE.
SO WHEN I BOUGHT IT, WE ACTUALLY GOT TO WALK THROUGH IT.
IT HAS GOOD BONES.
EXCEPT FOR THE LEAK.
THERE'S LEAKS EVERYWHERE.
THAT'S A BIG LEAK, DUDE. THAT CONCERNS ME.
I GOT TO GET UP ON THAT ROOF AND TAKE A LOOK
AND SEE WHAT'S GOING ON, ALL RIGHT.
KITCHEN'S TERRIBLE.
DINKY.
THAT LAUNDRY ROOM'S THE SIZE OF THE KITCHEN.
SO MY THOUGHT IS TO TAKE THIS WALL AND MOVE IT BACK.
AND THEN WHAT WOULD ALSO MAKE THIS THING LOOK BIGGER
IS WE--PROBABLY OPEN UP THAT WALL RIGHT THERE
AND PUT AN ISLAND, YEAH.
THAT WOULD WORK, YEAH.
WELL, DUDE, THIS IS A COMPLETE GUT AND REDO. (chuckles)
I'M NOT EVEN GONNA TRY TO GUESS WHAT THEY DID IN HERE,
BUT, UH, WE'RE STARTING OVER AGAIN IN THIS ONE.
(Tarek) THE BATHROOMS IN THIS HOUSE ARE NASTY AND SMALL.
THIS IS TINY. THIS IS SO GR--BLECH.
WELL, YEAH.
THE TOILET AND THE VANITY, EVERYTHING IS TOO CLOSE.
WE'RE GONNA HAVE TO EXPAND IT, TWIST IT AROUND.
PERFECT.
OH, HERE'S ANOTHER MAJOR CONCERN. CHECK IT OUT.
THIS WHOLE THING'S SLOPING.
WHAT DOES THAT MEAN?
HOW DO YOU FIX IT?
WELL, HUH, DON'T KNOW UNTIL I TEAR IT OPEN.
I MEAN, LITERALLY, GONNA HAVE TO TEAR THE WHOLE SUBFLOOR OUT
AND TAKE A LOOK AT THE FOUNDATION
AND SEE IF IT'S A FLOOR JOIST ISSUE,
OR IT MAY BE A FOUNDATION FAILURE.
BUT, DUDE, IF IT'S A-A FOUNDATION ISSUE,
WE'RE TALKING, LIKE, TENS OF THOUSANDS OF DOLLARS.
(Tarek) WE'RE FLIPPING A HISTORIC HOME
IN SANTA ANA, CALIFORNIA, THAT WE BOUGHT FOR $208,000.
SO FAR, THE BUDGET FOR THE REHAB IS $32,000.
MY CONTRACTOR TELLS ME
THERE CAN BE REALLY EXPENSIVE ROOF AND FOUNDATION ISSUES.
BUT HE WON'T KNOW HOW MUCH UNTIL AFTER THE DEMO'S DONE.
SO THIS WOOD, WE HAVE TO REPLACE ALL THE WAY AROUND.
♪♪
WOW, YOU GUYS COMPLETELY TORE IT APART.
OH, MY GOD. THIS IS CRAZY.
WHAT IS THIS, THE KITCHEN?
(Dan) THIS IS THE KITCHEN.
OH, MY GOSH, NO WAY.
WOW.
THE WHOLE HOUSE IS GONE.
YEAH, TOLD YOU WE WERE GONNA GUT IT.
OH, MY GOSH.
THIS IS A GUT ALL RIGHT.
OKAY, WELL, I GOT SOME GOOD NEWS AND BAD NEWS FOR YOU.
(both) GOOD NEWS.
FOUNDATION IS FINE.
WELL, THAT'S GOOD NEWS. THAT'S VERY GOOD NEWS.
PERFECT.
OKAY.
IT WAS JUST A BOTTOM PLATE ISSUE.
BOTTOM PLATE'S THE WOOD PART, THAT FAILED.
THE CONCRETE PART IS THE FOUNDATION, IT'S FINE.
OKAY.
BAD NEWS, WE DO HAVE TO DO THE ROOF.
BAD NEWS? OH.
I KNOW. WE HAVE TO DO IT, GUYS.
IT'S FAILING ALL OVER THE PLACE.
HOW MUCH IS THAT?
RIGHT AROUND $5,000.
$5,000 FOR A NEW ROOF IS LIKE A PUNCH IN THE GUT.
AND EVEN THOUGH THE FOUNDATION'S OKAY,
WE STILL HAVE THE UNEXPECTED COST
OF FIXING THE DAMAGED WOOD AND LEVELING THE FLOOR.
SO AS YOU CAN SEE--UGH.
(chuckling) OH, MY GOD.
JEEZ, DON'T GO DYING ON ME.
AS YOU CAN SEE, THE CEMENT THERE IS THE FOUNDATION.
WE'RE GOOD. YEAH.
SO THERE'S CEMENT, FANTASTIC.
SO IT'S JUST THE BOTTOM PLATE IS ROTTED OUT.
SO WE JUST GOT TO, LITERALLY, JACK UP THE HOUSE A LITTLE BIT.
GREAT.
(Tarek) THE MASTER BATHROOM IN THIS HOUSE WAS TINY.
SO WE HAD ARCHITECTURAL PLANS DRAWN UP TO MAKE IT BIGGER.
SO NOW YOUR BATHROOM--
YOUR ENTRY'S GONNA BE RIGHT HERE WHERE YOU'RE STANDING.
THIS IS THE DOOR.
THAT'S THE DOOR.
THE BATHROOM'S GOING FROM HERE...
ALL THE WAY TO THE BACK WALL.
ALL--
SO IT'S GONNA BE ALL THE WAY TO RIGHT HERE.
(Christina) I SEE THAT THERE'S A BATHTUB IN HERE.
I-I DON'T THINK WE SHOULD DO A BATHTUB.
I THINK WE SHOULD JUST DO ONE BIG SHOWER.
OKAY, WE CAN DO THAT.
WELL, IS THERE ANOTHER BATHTUB IN THE HOUSE?
YES, THERE'S GONNA BE A BATHTUB IN THE HALL BATHROOM.
ALL RIGHT, WELL, I'M THINKING
IF WE DID A FULL SHOWER TILED UP, RIGHT...
YEAH.
WE CAN GET THE BIG GLASS DOOR.
YEAH, THAT WOULD BE REALLY NICE.
THAT WOULD BE COOL.
SO, BOYS, I THINK IN KEEPING
WITH THE SPANISH DESIGN OF THE HOUSE,
WE'RE GONNA MIX IT UP A LITTLE BIT FOR THIS ONE
AND ADD SOME, LIKE, SPANISH ELEMENTS IN HERE
TO KIND OF GO WITH THIS COOL ARCHITECTURE THAT WE HAVE.
THIS PLACE WON'T GO WITH THAT, LIKE, MODERN LOOK WE USUALLY DO.
YOU KNOW WHAT WOULD LOOK REALLY GOOD?
IF WE DID SOME COOL SPANISH TILE OUT HERE.
(Tarek) OKAY.
SO WITH OUR NEW SHOWER ADDITION, WE'RE LOOKING AT, LIKE, $42,000.
AND WITH MY COOL TILE THAT WE'RE GONNA DO OUT HERE,
WE'RE LOOKING AT, LIKE, $43,000.
YEAH.
PLUS WE HAVE THE WINDOWS, WE GOT TO PAY FOR THAT, A COUPLE GRAND,
CARPET A COUPLE GRAND, APPLIANCES A COUPLE GRAND.
SO WE'RE ALMOST AT 50 GRAND.
(Tarek) TODAY DAN AND HIS GUYS
ARE GETTING STARTED ON THE MAJOR REPAIRS.
THEY ARE RIPPING OFF THE ROOF
AND PREPARING TO INSTALL A NEW ONE.
AND TO LEVEL THE HOUSE,
THEY'RE JACKING UP THE FLOOR JOISTS...
(man) OKAY, YEAH, THAT'S PERFECT.
ADDING NEW POSTS AND PIER SUPPORTS
AND REPLACING THE ROTTED-OUT WOOD
THAT SITS ON TOP OF THE CONCRETE FOUNDATION.
WOW, WE'RE LEVEL.
(Christina) READY TO PICK SOME SPANISH-STYLE STUFF?
IT SHOULD BE NEUTRAL, BUT...
WE DESIGN OUR HOUSE FLIPS WITH NEUTRAL COLORS
TO APPEAL TO THE MOST POSSIBLE BUYERS.
BUT SPANISH TILES
DOES NOT HAVE TO MEAN BRIGHT COLORS AND PATTERNS.
THERE ARE MANY NEUTRAL OPTIONS AVAILABLE
THAT ARE STILL TRUE TO THE SPANISH LOOK.
THIS IS REALLY COOL WITH, LIKE, A SWIRLY KIND OF GRANITE
FOR THE KITCHEN.
YEAH, THAT'S NOT SPANISH STYLE.
YES, IT IS. YOU NEED TO EXPAND YOUR HORIZONS.
WE'RE NOT THINKING JUST THAT KIND OF SPANISH STYLE.
SO MY HUSBAND THINKS THESE AREN'T SPANISH STYLE.
THOSE ARE SPANISH STYLE.
SO THIS WOULD BE A KITCHEN BACKSPLASH.
PERFECT.
DO YOU GUYS DO GRANITE HERE, TOO, OR NO?
YEAH, WE HAVE GRANITE.
YEAH, HERE WE CAN...
BUT I'D LIKE TO GET--OKAY.
CHECK OUT SOME GRANITE.
(Mark) YOU CAN GET SOMETHING LIKE THE GOLDEN CRYSTAL.
YOU JUST HAVE TO SEE HOW MANY SLABS YOU NEED.
(Tarek) THIS WOULD BE REALLY COOL.
YEAH.
THAT WOULD BE COOL FOR A BATHROOM TILE.
THAT ONE?
THAT LOOKS LIKE DESERT STYLE, NO?
THIS HERE?
YEAH, THAT'S NICE.
WELL, I ACTUALLY REALLY LIKE THIS ONE.
THIS IS FOR THE FLOORING.
(Christina) YEAH.
THIS IS BACKSPLASH. THIS IS COUNTER.
THAT'S FLOORING.
NOW IT'S GONNA LOOK SO NICE.
YOU KNOW, I THINK THIS IS GONNA COME OUT PRETTY AWESOME.
THANK YOU.
♪♪
(Tarek) THE REHAB OF THIS 1920s BUNGALOW
IS TAKING MUCH LONGER THAN WE EVER THOUGHT POSSIBLE.
THE NEW ROOF IS BEING INSTALLED.
AND NOW THAT THE HOUSE IS LEVEL, WE'RE CLOSING UP THE SUBFLOORS.
WE'RE UPDATING THE ELECTRICAL AND PLUMBING.
I GOT HOT WATER GOING TO MY TOILET.
AND THE WALLS AND CEILINGS ARE BEING DRYWALLED.
IT ALMOST LOOKS LIKE WE'RE MAKING SOME PROGRESS.
DRYWALL'S ACTUALLY UP.
(Dan) YEP.
IT'S ONLY BEEN, WHAT, A MONTH SITTING HERE?
YOU KNOW.
WE SHOULD BE DONE AND READY TO SELL THIS HOUSE BY NOW.
TAKING A HOUSE THAT WAS BUILT IN THE 1920s DOWN TO THE STUDS
AND REBUILDING IT FROM SCRATCH
HAS TAKEN WAY LONGER THAN WE EXPECTED.
THIS LOOKS ABOUT A BILLION TIMES DIFFERENT.
IT'S HUGE.
THIS IS GONNA COME OUT COOL. I MEAN,
THIS IS A TOTALLY DIFFERENT DESIGN THAN WE'VE EVER DONE.
LET ME SEE THE OUTSIDE.
I WANT TO SEE WHAT THE REPAIR WORK LOOKS LIKE.
OKAY.
WE ACTUALLY HAD TO GO ALL THE WAY ACROSS THE HOUSE
AND REPLACE ALL THE WOOD ALL THE WAY ACROSS,
WHERE BEFORE, WE WERE JUST OVER THERE.
SO 100%, NOW WE JUST HAVE TO WHAT, STUCCO?
WE HAVE TO RE-STUCCO THE OUTSIDE.
EXACTLY. LET ME COME IN HERE AND SHOW YOU THE BATHROOMS.
SHOW ME WHAT ELSE WE GOT.
DUDE, LOOK AT THIS, HUGE.
THIS IS A SHOWER.
OH, THIS IS GONNA BE-- THIS IS GONNA BE AWESOME.
IT'S A HUGE SHOWER.
THIS IS ACTUALLY REALLY, REALLY COOL.
YEAH.
THE TILES WE PICKED
ARE GONNA BE PHENOMENAL IN HERE WITH THE MOSAIC.
I LOVE IT, LOVE IT.
ALL RIGHT, WE GOT THE OTHER BATHROOM.
THIS BATHROOM, BEFORE, WAS PROBABLY
THE TOP 3 NASTIEST.
NASTIEST, NASTY, NASTY, NASTY.
THIS WHOLE--
YOU KNOW, THE CITY INSPECTOR JUST WOULDN'T
SIGN OFF ON CERTAIN ASPECTS, SO WE GOT IT ALL FIXED.
WE CALLED FOR INSPECTION YESTERDAY...
SEVEN DAYS BEFORE HE COMES BACK.
ARE YOU KIDDING? WELL, OKAY, WAIT, WAIT, OKAY, SEVEN DAYS...
NO.
WHAT DOES THAT MEAN? YOU GUYS CAN'T WORK ON IT FOR SEVEN DAYS?
WE CAN'T TOUCH THIS BATHROOM FOR SEVEN DAYS.
IT'S SO FRUSTRATING DEALING WITH DELAYS FROM ISSUES
LIKE BUILDING PERMITS THAT WE HAVE NO CONTROL OVER.
WE'RE ALREADY 30 DAYS INTO WORK ON THIS HOUSE.
AND WE'RE AT LEAST TWO WEEKS FROM BEING FINISHED.
WE SHOULD HAVE BEEN READY TO PUT IT ON THE MARKET BY NOW.
AND WE SHOULD HAVE BEEN DONE, ACTUALLY.
WE SHOULD HAVE BEEN DONE.
(Tarek) WE'RE FLIPPING A SPANISH-STYLE HOUSE
THAT WE BOUGHT IN HISTORIC SANTA ANA FOR $208,000.
WE GOT HIT WITH THE UNEXPECTED COSTS OF A NEW ROOF
AND HAVING TO JACK UP THE HOUSE TO LEVEL IT.
(man) OKAY, YEAH, THAT'S PERFECT.
AND BUILDING INSPECTIONS ARE HOLDING UP THE CONSTRUCTION.
WE'VE ALREADY SPENT $51,000 ON THIS HOUSE,
WHICH IS $15,000 MORE THAN WE EXPECTED.
AND WE'RE TEN DAYS BEHIND SCHEDULE
WITH PROBABLY ANOTHER WEEK OF FINISHING WORK TO GO.
(bell dings)
WHAT IF WE DID SQUARE AT THE BOTTOM,
A BORDER TO KIND OF END IT,
AND THEN YOU START DIAMOND FROM THE REST OF THE WAY UP.
ACTUALLY, THAT WOULD BE PRETTY COOL.
DO YOU WANT TO DO THAT? I'LL LET YOU PICK.
GET WHAT I'M SAYING NOW? YEAH.
I THINK THAT WOULD BE REALLY NICE.
OKAY.
WHAT DO YOU THINK--
THAT'S THE CLOSET?
UH...
WHY DIDN'T WE MAKE A BIGGER CLOSET?
THERE'S NOWHERE TO PUT IT.
OH, MY GOSH. YOU CAN'T EVEN PUT, LIKE, A JACKET IN HERE.
I THINK THE SMALL MASTER CLOSET IS A HUGE FLAW IN THE BEDROOM.
WE HAVE THIS NICE BATHROOM.
AND THEN WE HAVE THIS ITTY-BITTY CLOSET.
WHICH WOULD YOU PREFER?
THE CLOSET, OF COURSE! YOU KNOW HOW MUCH CLOTHES I HAVE?
WE HAD TO SACRIFICE CLOSET SPACE
TO MAKE THE BATHROOM AS BIG AS WE DID.
HOPEFULLY, THE BUYERS LIKE THE MASTER BATH SO MUCH
THEY'LL BE ABLE TO LOOK PAST THE LACK OF CLOSET SPACE.
ONE THING, THE CURB APPEAL, THE COLOR OUT FRONT.
WHY DON'T WE GO TRY SOME PAINT SAMPLES
AND SEE WHAT WE COME UP WITH.
BUT THIS IS THE MOST IMPORTANT DECISION WE HAVE TO MAKE.
THIS IS LIKE--THIS IS EVERYTHING YOU SEE WHEN YOU DRIVE UP.
OOH, THIS A PRETTY ONE.
OH, THAT ONE'S KIND OF NICE, ACTUALLY.
I'M DEFINITELY NOT FEELING THIS ONE.
I MEAN, BASED ON THIS,
THIS IS GONNA BE OUR PATHWAY AND OUR PORCH,
I WAS THINKING, ORIGINALLY, SOMETHING A DARK BROWN,
BUT, LIKE, A SUPER DARK, RICH CHOCOLATE BROWN.
I THINK WE NEED TO PAINT A BIGGER SECTION.
AT LEAST WE'LL GET AN IDEA OF WHAT THE BROWN WILL LOOK LIKE.
YEAH, AND THEN
WE CAN STEP BACK INTO THE STREET FROM FAR AWAY AND TAKE A LOOK.
YEAH.
COME OVER HERE. LET'S LOOK.
AS THEY DRY, THEY DO GET DARKER.
THAT BROWN MIGHT ACTUALLY WORK.
ARE WE GOOD TO GO?
OKAY.
WANT TO, UH, LAY SOME OF THE TILES HERE
AND SEE WHAT IT'LL LOOK LIKE SO I CAN KIND OF MAKE SURE
THAT I'M COOL WITH THIS DARK CHOCOLATE COLOR.
YES.
(Tarek) I DON'T LIKE THIS PATTERN.
LET'S TRY SOMETHING DIFFERENT.
DIAMONDS OR SQUARES?
I LIKE DIAMONDS, DEFINITELY.
DIAMONDS.
(Tarek) THIS IS DAY 42.
WE'RE OVER SCHEDULE. WE'RE OVER BUDGET.
BUT THINGS ARE FINALLY STARTING TO COME TOGETHER.
THE KITCHEN FLOOR IS BEING TILED.
AND THE KITCHEN CABINETS ARE GOING IN.
WINDOWS ARE BEING INSTALLED.
THE LAMINATE FLOORS ARE GOING DOWN.
AND THE BATHROOMS ARE GETTING TILED.
AWESOME.
SO NICE.
OH, LOOK HOW COOL IT LOOKS THAT WE--
OH, MY GOD.
(Christina) THE BATHROOM TILE REALLY LOOKS GREAT.
BUT IT'S HARD TO KNOW IF IT WILL PAY OFF IN A HIGHER SALE PRICE.
I WOULD PAY MORE.
WE'LL SEE.
WOULD YOU? IT LOOKS AWESOME, THOUGH.
I GOT YOUR SUBWAY TILES HERE FOR YOUR BACKSPLASH.
YOU SAID YOU WANTED--MAY WANT TO PUT SOMETHING LIKE THAT UP.
NOW THAT I'M LOOKING AT IT, I DON'T KNOW.
WITH THESE CABINETS, THE COLOR,
AND THE COLOR OF THE FLOORING AND, LIKE,
THE CREAM-COLORED GRANITE THAT WE CHOSE,
I DON'T THINK THAT WHITE IS GONNA LOOK VERY GOOD.
YEAH, I SEE WHAT YOU'RE SAYING.
YEAH, IT LOOKS A LITTLE TOO MODERN, I THINK.
(Tarek) THE BROWNS AND THE BEIGES.
OKAY.
WHAT'S ANOTHER OPTION WE CAN DO?
WE'RE DOING--
YOU KNOW, WE CAN SAVE A-A TON OF MONEY
BY JUST DOING THE GRANITE BACKSPLASH.
SO YOU'RE ACTUALLY GONNA SAVE $1,000.
SO WE'LL SAVE MONEY,
AND I THINK IT'S GONNA LOOK BETTER, ACTUALLY.
DEFINITELY.
(Tarek) USING THE LEFTOVER GRANITE
FROM THE COUNTERS FOR THE BACKSPLASH
WILL SAVE US A GRAND AND GIVE US A HIGHER-END LOOK.
♪♪
BABE.
(Tarek) WHAT DO YOU THINK OF THE BROWN CASTLE?
OH, MAN. WHEN THEY WERE PUTTING IT UP,
LIKE IN THE CORNER, I THOUGHT IT LOOKED REALLY NICE.
BUT I THINK IT BRINGS OUT, LIKE, ALL THE FLAWS IN THE HOUSE.
THIS LOOKS LIKE A BIG BROWN BLOB.
I KNEW THE PAINT WOULD DRY DARKER
THAN THE TEST SWATCH THAT WE PAINTED,
BUT I DIDN'T THINK IT WOULD DRY THIS DARK.
NOT ONLY DOES IT HIGHLIGHT ALL THE FLAWS IN THE STUCCO,
BUT IT LOOKS WAY MORE CRAFTSMAN THAN SPANISH.
THIS LOOKS SO BAD.
YEAH.
(Tarek) WE BOUGHT A SPANISH-STYLE HOUSE
IN SANTA ANA, CALIFORNIA, FOR $208,000.
AND WE'RE PUTTING OVER $50,000 INTO THE REHAB.
WE'RE OVER A MONTH BEHIND SCHEDULE,
AND TO MAKE MATTERS WORSE,
WE MADE A POOR CHOICE ON THE EXTERIOR PAINT COLOR.
AND IT'S COSTING US 2 GRAND TO REPAINT THE WHOLE HOUSE.
OH, MY GOD. THE HOUSE LOOKS SO MUCH BETTER,
CLEAN, NICE.
WE HAD TO CHANGE IT. IT WAS WORTH THE MONEY.
(Tarek) FINALLY, WE'RE LAYING THE CARPET IN THE BEDROOMS
AND INSTALLING THE BATHROOM VANITIES AND TOPS.
OOH, THESE ARE AWESOME.
YEAH, IT'S GONNA ADD SOMETHING SO NICE.
(Christina) WE DECIDED TO ADD AN ACCENT TILE
TO THE SALTILLO PAVERS WE'RE INSTALLING ON THE FRONT PORCH
TO UP THE ANTE ON THE CURB APPEAL.
YEAH.
WE'RE GONNA SEAL IT. IT LOOKS NATURAL.
GONNA BE AWESOME.
COOL.
(Tarek) I'M NO CONTRACTOR,
BUT THE MORE HOUSES WE FLIP, THE MORE I LEARN.
(man) HEY, PERFECT.
SO I'M WORKING ALONGSIDE THE GUYS
TO INSTALL THESE SPANISH-STYLE TILES ON THE FRONT PORCH.
(chuckles) THAT'S GOOD?
EXCELLENT.
EVERY LITTLE BIT HELPS.
(Tarek) WHAT DO YOU THINK?
(Christina) IT LOOKS CLEAN, NICE.
IT LOOKS GOOD.
ANOTHER THING, THOUGH, WE HAVE TO DO SOD.
THERE'S NO WAY TO SALVAGE THIS.
YEAH, NO, IT LOOKS AWFUL.
♪♪
SINCE WE'VE GOT A LOT RIDING ON THIS FLIP,
WE'RE TRYING SOMETHING NEW,
AND WE'RE GETTING THE HOUSE STAGED.
(both) HI.
PEOPLE SAY THAT STAGING HOUSES SELLS THEM FASTER
AND FOR MORE THAN UNSTAGED HOMES.
WE WERE KIND OF DOING A SPANISH-STYLE THEME
FOR THE AREA.
YEAH.
SO I KIND OF WANTED TO KEEP, UM,
A LITTLE BIT OF THOSE ELEMENTS IF POSSIBLE.
OKAY, WHAT WE WANT IS WHEN THEY OPEN THAT DOOR,
IS TO WALK IN AND THEY'RE GONNA GO “WOW”
WHEN THEY SEE, OH, FLAT SCREEN HERE, LIVING ROOM HERE.
AND WE NEED A CLEAR PATH TO THE KITCHEN.
OH, YES.
WHAT I WOULD DO IS A 42-INCH RECTANGULAR TABLE...
OKAY.
WITH A BENCH SEAT ON THIS SIDE,
SO THAT THE BENCH SEAT CAN ALWAYS BE UNDER THE TABLE
SO IT'S NOT IN THE WAY.
I WOULD SUGGEST THAT WE STAGE THIS BATHROOM
BECAUSE IT'S THE FIRST BATHROOM OFF THE LIVING ROOM,
AND PEOPLE ARE GONNA NOTICE THIS.
SO IT'D BE NICE, AND IT WON'T COST MUCH MONEY
TO DECORATE THIS UP A LITTLE BIT.
YOU HAVE REALLY NICE TILE.
(Christina) TILE.
I'D PUT A SHOWER CURTAIN IN THE CENTER AND TIE IT UP.
OKAY.
SO THAT WAY IT DOESN'T HIDE IT.
YES.
HOW DOES THAT PLAN SOUND TO YOU? AWESOME.
READY TO GET STARTED.
YEAH, GREAT.
♪♪
(Tarek) THIS HOUSE TOOK TWICE AS LONG AS WE EXPECTED TO FLIP,
A FULL 60 DAYS.
BUT IT'S FINALLY GOING ON THE MARKET.
♪♪
THIS IS, LIKE, A BILLION TIMES DIFFERENT
THAN AN EMPTY HOUSE.
(Christina) I KNOW. IT LOOKS SO GOOD, RIGHT?
IT FEELS BRIGHT AND OPEN.
AND I THINK THE COLORS THAT SHE CHOSE
TO STAGE THE PROPERTY WITH, THE GREENS AND THE BROWNS,
I THINK IT REALLY BRINGS OUT THE GRANITE
AND THE FLOORING AND THE CABINETS.
YEAH, THE WHOLE SPANISH-STYLE LOOK.
HOPEFULLY, WE GET SOME GOOD TRAFFIC TODAY.
HOPEFULLY, WE SELL IT.
THAT WOULD BE FANTASTIC.
HI, COME ON IN.
HAVE A LOOK AROUND. HERE'S A FLYER.
LOOK AT THE SIZE OF THE KITCHEN. IT'S HUGE.
GRANITE, CABINETS, FLOORING.
(man) IT'S VERY NICE.
YOU LIKE IT?
I LIKE THE MOLDING, TOO.
I LIKE THAT. I LIKE THAT.
I LOVE THE DOOR. IT'S REALLY BEAUTIFUL.
IT LOOKS BRAND-NEW IN HERE.
(Christina) IT HAS A 2-CAR GARAGE. IT HAS A HUGE LOT.
I LIKE THIS.
(woman) I LOVE THE SHOWER. THIS IS REALLY NICE.
NEW GRASS.
I'M GLAD YOU GUYS LIKED IT.
ENJOY THE DAY.
THANK YOU.
TO BE THE MASTER BEDROOM, YOU NEED A BIGGER CLOSET.
YOU CAN MOVE YOUR THINGS OUTSIDE. (laughs)
HMM.
THIS CAN BE MINE. (laughs)
IF YOU GUYS WANT TO BUY THE HOUSE,
I'LL MAKE IT WORK SOMEHOW. HOW'S THAT?
I CALL MY AGENT AND SEE IF WE CAN PUT AN OFFER IN.
YEAH.
THAT WOULD BE AMAZING.
YEAH, WHY NOT? I REALLY LIKE THE SPACE.
HAVE A GREAT DAY.
(man) ALL RIGHT. THANKS, YOU, TOO.
(Tarek) AFTER THREE WEEKS ON THE MARKET,
WE FINALLY TOOK AN OFFER FOR $360,000,
ABOUT $10,000 BELOW ASKING.
AFTER A TOTAL INVESTMENT OF OVER $265,000,
WE'LL MAKE A PROFIT OF OVER $73,000.
TIME TO FIND ANOTHER HOUSE TO FLIP.