Flip or Flop

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Flip or Flop
Genre Reality television
Country of origin United States
Original language(s) English
Production
Running time 30 minutes
Release
Original network HGTV
Original release April 16, 2013 (2013-04-16) –
present
External links
Website

Flip or Flop is a television series airing on HGTV hosted by real estate agents and real life husband and wife, Tarek El Moussa (born August 21, 1981) and Christina El Moussa (born July 9, 1983).[1]

Premise

The couple were both real estate agents prior to the crash in 2008, and later began flipping homes, mostly located in Orange County, California.[2][3]

One day in 2011, Tarek asked a friend to help him make an audition tape for HGTV. The friend filmed an entire episode of the process of house flipping from start to finish. The audition tape was sent to HGTV and they were interested in talking to the couple. In 2012, HGTV signed the couple to a regular weekly program that shows the process of buying distressed property and renovating it.[4]

In an interview for Variety Magazine, Christina said "each episode shows things that can go wrong, and do go wrong".[5]

File:Christina and Tarek.jpg
240x240px

Christina's real estate expertise is primarily in design and she works with Tarek to find and renovate homes. She handles the designs of the new spaces and keeps everything on schedule. The show follows them as they buy homes, typically bank-owned, short sales, or foreclosures to renovate and resell.[6]

Hosts

Personal Life

Christina was born in Anaheim, California and grew up in Anaheim Hills. She began working in the real estate industry right after college, where she met her husband, Tarek El Moussa, who earned his real estate license at age 21.[7] The couple was selling real estate in the southern California area[8] when the housing market plummeted after the October 2008 stock market crash, they went from living in a $6,000 per month home to a $700 per month apartment.[9]

Tarek and Christina married in 2009 and have two children, Taylor and Brayden.[10]

Tarek was diagnosed with thyroid cancer in 2013 after a viewer of the TV show (a registered nurse) noticed a lump on his thyroid gland and wrote in to say that he should have it checked. After testing, the doctors found that the lump was cancerous and he was scheduled for immediate surgery.[11]

Real Estate career

Today the couple runs a real-estate agency, The El Moussa Group in Orange County, California, an area with one of the largest foreclosure rates in the country.[12] Tarek, Christina and their business partner, Pete De Best, bought their first investment house in Santa Ana for $115,000. After selling the property for a profit of $34,000, the trio split the money and have continued to flip houses, expanding their real estate investing business into Arizona and Nevada.[13]

Real Estate training workshops

The couple leads Success Path Education, a real estate investment seminar series held at locations across North America for aspiring investors.[14] During these workshops, the couple explains the entire process of house flipping to potential investors. They try to help new investors avoid common mistakes when flipping houses. Today the couple has successfully flipped hundreds of homes, and with each deal they have refined their house-flipping system and broken it down into a series of repeatable steps.

Series overview

Season Episodes Originally aired
Season premiere Season finale
1 13 April 16, 2013 May 28, 2013
2 14 April 8, 2014 July 8, 2014
3 15 October 7, 2014 July 7, 2015
4 14 December 3, 2015 March 24, 2016
5 June 6, 2016

Season 1

Season # Series # Title Original air date Cost of home ($) Closing cost ($) Rehab cost ($) Sale price ($) Profit/loss ($) Contractor
1 1 "The Foreclosure Heebie-Jeebies" April 16, 2013 275,000 22,000 53,000 405,000 + 55,000 Daniel Messina
  • Flip Location: Long Beach, California
2 2 "Vandalized Foreclosure" April 16, 2013 430,000 26,000 29,000 560,000 + 65,000 Daniel Messina
3 3 "Awkward Floor Plan" April 23, 2013 393,000 N/A 37,387 510,000 + 79,613 Daniel Messina
  • Flip Location: Yorba Linda, California
    Note: all costs and profits on this flip were split 50/50 with Pete de Best.
4 4 "Double Trouble Flip" April 23, 2013 280,000 N/A 117,000 512,000 + 115,000 Daniel Messina
5 5 "Underwater Flip" April 30, 2013 490,000 TBA 33,900 Unsold TBD Israel Battres
6 6 "Spanish Style Salvage" April 30, 2013 208,000 20,600 57,935 360,000 + 73,465 Daniel Messina
7 7 "Inland Empire Cosmetic Nightmare" May 7, 2013 180,000 12,000 53,200 290,000 + 44,800 Daniel Messina
8 8 "The Bungalow Gamble" May 7, 2013 182,000 20,600 53,000 320,000 + 66,200 Daniel Messina
9 9 "Flop House Flip" May 14, 2013 210,000 17,500 83,000 368,500 + 58,000 Israel Battres
10 10 "Facelift Flip" May 14, 2013 200,000 13,000 46,000 330,000 + 71,000 Israel Battres
11 11 "A Flip With A View" May 21, 2013 540,000 TBA 72,000 Unsold TBD Israel Battres
  • Flip Location: Whittier, California
    Note: Tarek and Christina had to borrow against Dominique's (Tarek's mother) home equity line of credit in order to fund the renovation. During Flip or Flop Follow Up "High Risk, High Reward?" episode, it was revealed that they made $60,000 profit on the house.
12 12 "The Moldy Mess" May 21, 2013 385,000 25,000 66,000 530,000 + 54,000 Israel Battres
13 13 "Keeping Up With The Joneses" May 28, 2013 386,000 TBA 169,000 Unsold TBD Israel Battres

Season 2

Season # Series # Title Original air date Cost of home ($) Closing cost ($) Rehab cost ($) Sale price ($) Profit/loss ($) Contractor
1 14 "Foreclosure Shock" April 8, 2014 410,000 35,000 123,000 685,000 + 117,000 Israel Battres
2 15 "Unfinished Flip" April 15, 2014 315,000 25,000 75,000 510,000 + 95,000 Israel Battres
3 16 "Nothing But Potential" April 22, 2014 406,000 30,000 174,700 700,000 + 89,300 Israel Battres
4 17 "Too Small to Fail" April 29, 2014
Parents Loan >		 275,000
15,000		 22,000 42,750 420,000 + 62,000 Israel Battres
5 18 "Dirty, Dated and Undesired" May 6, 2014 330,000 20,000 60,000 500,000 + 90,000 Israel Battres
6 19 "Flipper vs. Flipper" May 13, 2014 680,000 51,300 TBA 880,000 + 34,000 Israel Battres
7 20 "A Barnyard Dance" May 20, 2014 565,000 TBA 103,100 TBA Left Unanswered Israel Battres

Note: During Flip or Flop Follow Up, Taking Risks episode it was revealed that this house sold for 715,000 for a profit of 46,900.
8 21 "Hard Money Blues" May 27, 2014
Hard Money Loan >		 625,000
25,600		 40,000 168,000 940,000 + 81,400 Israel Battres

Note: During Flip or Flop Follow Up, it was revealed that the initial offer fell through and the home took 4 months to sell. With a sale price of $940k, total investment of $848k, closing and loan costs of $72,400, the profit was $19,600.
9 22 "Loud, Louder, Loudest" June 3, 2014 440,000 24,000 82,100 643,000 + 96,900 Israel Battres
10 23 "A Neglected Flip" June 10, 2014 325,000 14,500 TBA 456,000 + 73,900 Israel Battres
11 24 "Ranch House of Ruin" June 17, 2014 345,000 25,000 60,000 510000 + 80,000 Israel Battres
12 25 "Mid-Century Flip" June 24, 2014 520,000 30,000 124,600 725,000 + 39,000 Israel Battres
13 26 "A Risky Flip" July 1, 2014 350,000 17,000 73,000 499,900 + 59,900 Jeff Lawrence
14 27 "Hilltop Hangup" July 8, 2014 560,000 TBA 67,000 Unsold TBD Steve Cederquist

Season 3

Season # Series # Title Original air date Cost of home ($) Closing cost ($) Rehab cost ($) Sale price ($) Profit/loss ($) Contractor
1 28 "Cracked Flip" October 7,2014 555,000 No Closing Cost
10,000 escrow fees		 103,400 730,000 + 61,600 Israel Battres
  • Flip Location: Yorba Linda, California Note: Tarek & Christina sold this house to Tarek's sister, Angelique, for $20,000 less than what they intended to list the house for. Closing costs were also waived.
2 29 "Toxic Flip" April 7, 2015 255,000 15,000 62,900 429,900 + 97,000 Steve Cederquist
3 30 "Custom Craftsman" April 14, 2015 410,000 25,000 125,000 625,000 + 65,000 Israel Battres/
Jessie Rodriguez
  • Flip Location: Santa Ana, California Note: all costs and profits on this flip were split 50/50 with Jessie Rodriguez.
4 31 "Abandoned Flip" April 21, 2015 235,000 20,000 100,000 410,000 + 55,000 Israel Battres
5 32 "Junk Yard Flip" April 28, 2015 307,000 20,000 33,428 409,900 + 49,472 Jeff Lawrence
6 33 "Pipe Dreams" May 5, 2015 400,000 20,000 44,600 550,000 + 85,400 Steve Cederquist
7 34 "Freeway Flip" May 12, 2015 400,000 25,000 71,250 595,000 + 98,750 Steve Cederquist
8 35 "No Risk, No Reward" May 19, 2015 415,000 20,000 85,300 559,000 + 38,700 Don Jensen
9 36 "Too Good To Be True" May 26, 2015 385,000 22,000 52,000 549,900 + 90,900 Israel Battres
10 37 "A Flip With The Enemy" June 2, 2015 435,000 25,000 65,600 599,900 + 74,300 Akeli Slade/
Jeff Lawrence
11 38 "Big Lot, Little Flip" June 9, 2015 272,000 26,000 105,300 400,000 - 3,300 Jeff Lawrence
12 39 "The Money Pit" June 16, 2015 315,000 TBA 60,000 Unsold TBD Steve Cederquist
13 40 "Thrifty vs Glitzy" June 23, 2015 400,000 19,200 40,700 524,900 + 65,000 Jeff Lawrence
  • Flip Location: Orange, California Note: all costs and profits on this flip were split 50/50 with Pete de Best.
14 41 "A Dinky Flip" June 30, 2015 319,000 TBA 54,300 Unsold TBD Steve Cederquist
15 42 "Pig In A Poke" July 07, 2015 332,000 20,000 75,400 482,500 + 55,100 Steve Cederquist

Season 4

Season # Series # Title Original Air Date Cost of Home ($) Closing Cost ($) Rehab Cost ($) Sale Price ($) Profit/loss ($) Contractor
1 43 "Of Wreck and Ruin" December 3, 2015 225,000 15,000 124,500 460,000 +92,800 Israel Battres
2 44 "Fun House Flip" December 10, 2016 340,000 20,000 418,000 507,000 +65,000 Frank Miller
  • Flip location: Anaheim, California
3 45 "Diamond in the Rough" December 17, 2015 480,000 25,000 65,200 650,000 +76,300 Frank Miller
4 46 "Abort Flip" January 7, 2016 275,000 16,000 65,000 405,000 +57,500 Steve Cederquist
5 47 " Big Money Flip" January 14, 2016 710,000 55,000 212,900 1,149,000 +167,600 Steve Cederquist
6 48 "Breaking Up" January 21, 2016 315,000 TBD 75,000 Unsold TBD Israel Battres
7 49 "Trickle Down Flip" January 28, 2016 260,000 18,000 51,400 425,000 +167,600 Jeff Lawrence
8 50 "Boxed In Flip" February 04, 2016 340,000 18,000 55,150 485,000 +68,050 Tony Perez
9 51 "Natural Disaster" February 11, 2016 899,000 40,000 196,400 1,400,000 +130,550 Steve Cederquist/
Pete de Best
10 52 "Dilapidated Flip" February 18, 2016 290,000 18,000 59,900 419,900 +48,500 Frank Miller
11 53 "A Frantic Fiasco" February 25, 2016 460,000 25,000 192,500 649,900 +68,900 Frank Miller
12 54 "Million Dollar Flip" March 03, 2016 989,000 50,000 140,000 1,350,000 +167,500 Don Jensen
13 55 "Pesky Flip" March 10, 2016 355,000 22,000 45,550 550,000 +123,650 Frank Miller
14 56 "House of Hidden Horros" March 17, 2016 400,000 20,000 55,000 515,000 +37,200 Don Jensen
15 57 "A Family Friendly Flip" February 11, 2016 550,000 N/A 75,300 725,000 +18,750 Steve Cederquist/
Carlos Zepeda
  • Flip location: Anaheim Hills, California Note: House owned by Carlos' family. His profit was $114,350. Tarek and Christina received commissions from Carlos.

Season 5

Season # Series # Title Original air date Cost of home ($) Closing cost ($) Rehab cost ($) Sale price ($) Profit/loss ($) Contractor
1 58 "Down to the Studs" June 9, 2016[18] TBA TBA TBA TBA TBD TBA
2 59 "Cat Nip Flip" June 16, 2015[18] TBA TBA TBA TBA TBD TBA
3 50 "Old Time Flip" June 23, 2016[18] TBA TBA TBA TBA TBD TBA

Spin off

Flip or Flop Follow-Up premiered July 14, 2015.[19] The show revisits old house flips from previous episodes. The series goes deeper into the issues with the individual flips, and shows previously unaired footage. The series also updates on houses that remained unsold at the time of the original production. These three stories including a successful flip, a flop and a follow-up that ends with Tarek and Christina revisiting one of their house flips.[20]

See also

References

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  18. ↑ 18.0 18.1 18.2 Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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