Ep 5. Fire Sale Flip

Tarek and Christina El Moussa are back with yet another exciting episode of Flip or Flop season 5. Episode 5 of the season is titled Fire Sale Flip, and it follows the usual theme of the show where the couple buys a run-down property, renovates it, and tries to sell it for a profit.

In Fire Sale Flip, Tarek and Christina come across a property in Anaheim, California that is in desperate need of a makeover. The house looks shaky from the outside, and the inside is equally disappointing with outdated fixtures, hideous wallpaper, and a cramped layout. However, the property's location catches the attention of the couple, and they decide to take on the challenge.

The house is a foreclosure property, and they are not the only ones interested in it. They face tough competition from another investor, and with a limited budget, they have to act fast. After a quick inspection, Tarek and Christina decide to buy the property for $330,000, putting most of their budget into the renovation. They plan to do a complete makeover of the property, including replacing the roof, updating the plumbing and electricals, and creating an open-concept layout.

As they start the renovation work, they face some unexpected challenges. The house has extensive water damage that was not apparent during inspection, and they have to repair it to make it sellable. They also realize that the house is not up to code, and they have to make some structural changes to bring it up to standard. Despite these setbacks, they are determined to finish the project on time and within budget.

They enlist the help of their contractors and design team to transform the property's interior. Christina picks a contemporary design that brings in a lot of natural light and an airy feel to the space. She opts for a neutral color palette that appeals to most buyers and adds pops of color to create visual interest.

Tarek and Christina are known for their DIY skills, and they don't disappoint in this episode either. They add their personal touch to the house by building a custom-made fireplace on their own, which becomes the highlight of the living room. They also add a large island in the kitchen, new cabinetry, and modern appliances to give the space a fresh look.

As the renovation nears completion, Tarek and Christina face a new challenge. They realize that the housing market has taken a dip, and they may not be able to sell the property for the price they had hoped for. They decide to hold an open house and see how it goes.

The open house is a success, with several potential buyers turning up. However, most of them are concerned about the property's location, which is close to a busy street. Despite this, Tarek and Christina are optimistic about selling the property for a profit.

The show ends with a suspenseful twist. Tarek and Christina receive an unexpected offer, and they have to make a quick decision about whether to accept it or wait for a better one.

Fire Sale Flip is a great episode that showcases the challenges of flipping a house and the rewards that come with it. Tarek and Christina's determination and collaborative efforts make the renovation process interesting to watch, and their DIY skills are impressive. The episode emphasizes the importance of keeping an eye on the real estate market and being open to unexpected twists and turns.