In the high-stakes world of house flipping, challenges are the name of the game. And when the game gets tough, the tough call in Tarek El Moussa. In the latest episode of Flipping 101 on HGTV, Tarek takes on a new team from Las Vegas who are struggling to make their first flip in Los Angeles a success. Can Tarek work his magic and turn things around, or will this flip be a flop? Let’s dive in and find out.
Tarek to the Rescue: Vegas Flipping Team Struggles with First LA Flip
Flipping houses is a popular way to make money in the United States. With the advent of HGTV’s Flipping 101 with Tarek El Moussa, many people have been inspired to try their hand at flipping homes. Recently, a Las Vegas flipping team decided to attempt the higher-end market in Los Angeles. However, their first flip did not go as planned, and they turned to Tarek El Moussa for help. In this article, we will discuss what went wrong with the team’s first flip and how Tarek helped them turn it around.
Flipping Team’s First LA Flip
The Las Vegas flipping team had experience in flipping homes but lacked experience in the Los Angeles market. They purchased a home in a desirable neighborhood for $1.2 million and planned to renovate it for resale. However, they ran into several issues during the renovation process, and their budget began to balloon out of control.
Issues with the Flip
The flipping team encountered several issues during the renovation, including:
- Delays with permits
- Unexpected structural issues
- Higher labor costs than anticipated
These issues caused the team to go over budget, and they were unsure how to proceed.
Seeking Help from Tarek El Moussa
The flipping team turned to Tarek El Moussa for help in turning their flip around. Tarek drew upon his experience of flipping over 300 homes to provide the team with a foundation for profitable flips. He advised the team to focus on the kitchen and bathrooms, as these are the areas that typically provide the most return on investment. He also recommended that they update the exterior of the home to increase its curb appeal.
Watch Flipping 101 and Get Ideas on HGTV’s Website
Tarek El Moussa’s advice was invaluable to the Las Vegas flipping team, and they were able to turn their flip around. If you are interested in flipping homes, you can learn more by watching HGTV’s Flipping 101 with Tarek El Moussa. The show provides beginners with the foundation they need to start flipping homes successfully. You can stream full episodes and get ideas on HGTV’s website.
Follow HGTV on Twitter and like on Facebook
If you enjoy watching HGTV’s shows, you can stay up-to-date on the latest episodes and design trends by following HGTV on Twitter and liking them on Facebook. This will give you access to behind-the-scenes looks at your favorite shows and insight into the world of home renovation and design.
Flipping homes can be a lucrative business, but it is not without its challenges. The Las Vegas flipping team’s experience with their first LA flip shows that even experienced flippers can encounter unexpected obstacles. However, with the right guidance, it is possible to turn a struggling flip around. Tarek El Moussa’s advice was invaluable to the team, and it can be just as valuable to anyone looking to start flipping homes themselves.
5 Unique FAQs After The Conclusion
- What is flipping a house, and how does it work?
- What are some common challenges that people encounter when flipping houses?
- How can I learn more about flipping houses?
- Do I need to be a contractor or have construction experience to flip a house?
- How can I finance a house flip?