Ep 7. Flip on a Shoestring Budget

In season 2 episode 7 of Flipping Virgins, entitled "Flip on a Shoestring Budget," host Egypt Sherrod is tasked with helping a couple turn a profit on their first real estate flipping venture - all while working on a tight budget.

The episode begins with Egypt meeting with the aspiring flippers, Yawar and Aisha. The couple explains that they have some experience in real estate, but have never attempted a flip before. They've purchased a small home in a suburban neighborhood, and are hoping to make a profit by renovating and selling it.

However, Yawar and Aisha are on a very limited budget, with just $15,000 to spend on renovations. Egypt knows that this won't be an easy task, but she's up for the challenge.

Together, Egypt and the couple walk through the home to assess what needs to be done. The property is quite small, with just two bedrooms and one bathroom, but there's a lot of potential to make cosmetic changes that will increase its value.

The first order of business is to create a plan for the renovation. Egypt works with Yawar and Aisha to determine which areas of the home will give them the best return on their investment. They decide to focus on updating the kitchen and bathroom, as well as installing new flooring throughout the home.

Once the plan is in place, it's time to go shopping. With such a limited budget, Egypt knows that she'll need to be very strategic in her purchases. She takes the couple to discount home improvement stores to find the best deals on cabinets, countertops, and other materials.

The trio also spends a lot of time hunting for bargains at thrift stores and flea markets. They're able to find some great pieces of furniture that are in need of a little TLC, which they plan to update and include in the staging of the home once it's ready to sell.

After a few days of shopping, it's time for the renovation to begin. Yawar and Aisha get to work ripping out the old kitchen and bathroom fixtures, while Egypt works on selecting paint colors and other design elements.

As the renovation progresses, there are a few unexpected snags. For example, the plumbing in the bathroom needs to be completely replaced, which eats into the budget. But with some creative thinking, Egypt is able to find ways to cut costs in other areas, such as by refinishing the existing kitchen cabinets instead of buying new ones.

Throughout the episode, Egypt shares her top tips and tricks for flipping a home on a shoestring budget. She explains how to find the best deals on materials and labor, and how to prioritize your renovation efforts to get the most bang for your buck.

In the end, the finished product is a charming two-bedroom home with a modern kitchen and bathroom, as well as some unique design elements that set it apart from other properties in the area. Yawar and Aisha are thrilled with the outcome, and are confident that they'll be able to sell the property quickly and turn a profit.

Overall, this episode of Flipping Virgins is a great primer for anyone who is considering flipping a home, but doesn't have a lot of money to invest in the project. Egypt's expertise and guidance make it clear that with the right plan and a lot of hard work, it's possible to flip a home on a tight budget and come out on top.