Flipping 101 with Tarek El Moussa Season 1 Episode 10 A Baptism By Fire
- TV-G
- May 22, 2020
- 21 min
Tarek El Moussa is back with another exciting episode of Flipping 101! In this season 1 episode 10 titled "A Baptism By Fire," Tarek meets his clients, Tarek and Vannessa, who are looking to flip a property in Costa Mesa, California.
The couple is new to the real estate industry and has no prior experience in flipping houses. Despite being novices, the couple is confident that they can handle the task and make a considerable profit. However, the property they have chosen to flip proves to be quite the challenge for the duo.
The house has a confusing layout, and many aspects of the home require a complete overhaul. Additionally, there is a significant structural issue with the roof of the property that will cost a considerable amount of money to repair. The couple quickly learns that they're in over their heads, and they turn to Tarek for guidance and assistance.
Tarek sees the couple struggling and decides to offer his expertise to help them win big in the flipping game. He starts by walking the couple through the home and giving them a detailed outline of what needs to be fixed and replaced.
With Tarek's guidance, Tarek and Vannessa begin to understand the nuances of the real estate industry and begin working on their flip with renewed vigor. They start by addressing the structural issues with the roof, which takes a significant amount of time and money.
As the project progresses, Tarek guides the duo step-by-step through every phase of the renovation, pushing them to make strategic choices and maximize their investment returns. He walks them through the pitfalls of the real estate industry and how to avoid common mistakes.
Throughout the episode, Tarek is seen offering valuable tips and insights into the flipping process. He advises the couple to focus on the aspects of the home that can offer the most significant return on investment. He also teaches them how to work within a budget and stick to a renovation timeline.
As the renovation nears completion, Tarek and the couple face a setback when they realize that their initial budget has run dry before they have completed all the necessary renovations. Tarek helps them to come up with innovative ways to complete the remaining tasks, including the use of reclaimed wood and other cost-effective materials.
In the end, the couple successfully flips the property and is thrilled with the outcome. Thanks to Tarek's guidance, they have not only made a considerable profit but also gained valuable knowledge and experience in the real estate industry.
This episode of Flipping 101 with Tarek El Moussa showcases the importance of having a knowledgeable and experienced mentor when entering the real estate industry. Tarek's guidance and insights help to give new flippers the knowledge and confidence they need to succeed in the highly competitive world of flipping houses.