Flip or Flop

An owner-listed property in La Puente, Calif., is in rough shape, and as the property is tenant occupied, Tarek and Christina cannot assess the inside.

A short sale in Anaheim, Calif., will attract investor interest, but Tarek and Christina only have hours to determine whether or not they will flip the property.

Tarek and Christina find a listing for a small home near the beach in Costa Mesa, Calif., but it will require a large renovation.

Tarek and Christina get a lead on a promising deal in Long Beach, California. Since the property is currently tenant-occupied, they can't inspect inside the house and their decision to buy will have to be made based on what they can see from the car. It's a gamble to be sure, but with comparable properties selling for nearly $100,000 above this home's asking price, it's an educated risk. Will Tarek and Christina choose to accept this mission or could their good fortune flip into a flop?

Tarek and Christina are contacted by an out-of-state seller looking to sell an old family home. It's a large house in original condition and could be a great flip. But it's also more expensive than their usual projects and the renovation could get pricey on this midcentury modern time capsule. Can Tarek and Christina turn a big money profit from this big money flip?

Tarek and Christina get a lead on a house in Torrance, California that is not only in rough shape, but also has known foundation issues. Right away it seems like this might be a bad buy; but Torrance is an exploding market and the land value alone could make this flip worth the risk. The house is going to need it all: good design, structural improvement, and careful renovation. It's a big project but it has the potential to be a big profit. Can Tarek and Christina transform this down and out home or could significant problems leave their budget and their profit margin on the verge of breaking up?

Tarek and Christina get a lead on a home for sale in Chino, California that's rundown, overgrown, and in desperate need of cosmetic help. The price is fair and recent sales in the area show potential for profit. But right away there's a problem and Tarek and Christina are left wondering if this is an isolated issue or sign of what's to come. Will they turn a profit on this home or could mounting problems threaten to topple this trickle down flip?

Tarek and Christina scope out a house in Fullerton, California that's in a good neighborhood and shows potential for profit. And while it seems a little high-priced for the area, if they can buy it for the right price and stay on budget, it could be a great flip. Will Tarek and Christina be able to unpack this cramped floor plan or have they backed themselves into a corner on this boxed in flip?

An abused property in Santa Ana, Cal., is transformed into a new family home.

Tarek and Christina find a mid-century property in Placentia, Calif., that is dated, but has a desirable size and layout.

The couple finds a short sale listing for a large home in the upscale neighborhood of Yorba Linda, Calif.

Tarek and Christina travel to Santa Ana, Calif., to check out an off-market listing, that appears to be in good shape.

Tarek and Christina consider an off-market listing in La Habra, Calif., which appears to need only cosmetic updates.

Tarek and Christina help a friend and novice flipper get his family home ready for sale, and at a higher price.