Ep 3. Big Ambitions, Even Bigger Debt

In the third episode of season one of The Deed, titled "Big Ambitions, Even Bigger Debt," host and real estate mogul Sidney Torres is faced with the challenge of helping a young couple in New Orleans who are drowning in debt. The couple, Derrick and Cara, have big dreams of turning a run-down building in a historic neighborhood into a trendy restaurant, but with over $1 million in debt, they are struggling to keep their heads above water.

As Sidney meets with them, he quickly realizes that they have made some major mistakes along the way. They purchased the building without fully understanding the zoning laws in the area, and as a result, they are facing serious roadblocks when it comes to getting the necessary permits to move forward with their plans. Additionally, they have taken out several high-interest loans that they are struggling to pay back, and they are in danger of losing their investment if they can't find a way to turn things around.

Sidney knows that time is of the essence, so he immediately gets to work, meeting with potential investors, architects, and contractors to come up with a plan to help Derrick and Cara get back on track. He encourages them to think creatively about their space, suggesting that they consider adding a rooftop bar to attract more customers and generate additional revenue.

Throughout the episode, tensions run high as the couple faces setback after setback. They encounter issues with their contractor, who is overbudget and behind schedule, and they struggle to find investors who are willing to take a chance on their vision. However, Sidney is determined to see them succeed and uses his expertise to coach them through the challenges they face.

By the end of the episode, viewers are left on the edge of their seats as the fate of the restaurant hangs in the balance. Will Derrick and Cara be able to overcome their financial struggles and turn their dreams into a reality? Or will they be forced to give up on their vision and sell the property for a loss?

Overall, "Big Ambitions, Even Bigger Debt" is a gripping episode that showcases the highs and lows of entrepreneurship. With Sidney's guidance, Derrick and Cara are able to navigate the complexities of the real estate market and gain a better understanding of what it takes to succeed in the industry. Whether viewers are new to the world of real estate or seasoned professionals, this episode is sure to provide valuable insights and inspiration for anyone looking to make their mark in the business world.