Posts

Showing posts from March, 2017

Flip or Flop Review

For house-flippers Tarek and Christina El Moussa , you never know what's behind the walls. With some unexpected costs of filling the pool outside, having to get rid of asbestos, and having to enlarge a window, the couple was in over their heads. Tarek and Christina always has unexpected costs when they flip houses, and in this case, it cost them $11,500 more than projected. The work overload caused Tarek to step in and help out to advance the renovation. The contractor projected a 30 day flip, they finished the house in 40 days. Even though they can't expect what could happen when they buy a run-down house, Tarek said "no risk, no reward." Their risk ended up being beneficial for them, creating a reward of $55,000. House flipping can be very risky, but for Tarek and Christina El Moussa, it can result in big rewards.

Flip or Flop Preview

HGTV Flip or Flop stars, Tarek and Christina El Moussa, are working on yet another one of their Californian profitable house flips. The couple, who live in Anaheim, California , started out as real estate agents until the stock market crash in 2008. After that, they decided to flip houses for profit instead. They buy run-down houses in the southern California area, renovate, redesign, and then sell them. The couple uses their skills of design, knowledge of the area, and customer desires to turn the run down houses they buy into dream homes. Some are easy flips where they just have to do cosmetic work; others can have hidden problems and can cause unexpected costs.