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.