Flip This House Season 1 Episode 5 The Trouble with Gus

In the show Flip This House season 1 episode 5, titled The Trouble with Gus, the viewers are taken through the journey of a house flipping project gone wrong. The episode highlights the struggles that come with flipping a house and showcases the team dealing with unexpected, costly and time-consuming issues.

The episode follows the team in Birmingham, Alabama as they purchase a house for $80,000 with the intention of selling it for $140,000 after a complete renovation. The team consists of Richard C. Davis, the real estate investor, and his team of contractors, which include contractor Mickey, his son Rick and contractor Sam.

Initially, things appear to be going according to plan. They start by gutting the house, knocking down walls to create an open floor plan, installing new electrical wiring and plumbing. However, things take a turn for the worse when they discover a few unexpected issues.

First, they discover that the house was not built on a solid foundation, which leads to foundation repair costs totaling $10,000. Then, while installing the roof, they find that the roof has termites, which leads to a costly pest control treatment and repair work.

The team faces another hurdle when the HVAC system turns out to be faulty and needs to be replaced, which sets them back an additional $5,000. To make matters worse, the team faces a setback when the painting contractor, Gus, fails to show up, causing a delay in the project's timeline.

As the team waits for Gus to arrive, the real estate market turns against them. Houses in the area drop in value, making it unlikely they'll sell the flipped house for the intended $140,000.

Amidst all these issues, the team remains optimistic and works hard to complete the project. While Richard handles the finances, and project oversight, Mickey and Sam work hard on repairing the house and bringing it up to code.

Despite the setback, the team manages to complete the house renovation project. However, as they try to sell the house, they realize that it's worth only $120,000, leaving a loss of $20,000 on the project. Though the project becomes a financial loss, the episode ends on a positive note, highlighting that the team has learned a lot from the experience and is determined to do better in the future.

Throughout the episode, the show offers valuable lessons for anyone interested in flipping houses. It highlights the importance of proper planning and research before taking on a project, the need to expect the unexpected, and how to handle setbacks and loss.

Overall, Flip This House season 1 episode 5, titled The Trouble with Gus, is an excellent resource for anyone interested in house flipping. It serves as a cautionary tale highlighting that success isn't always guaranteed in the world of real estate investing, and even the most experienced teams can face unexpected setbacks.