This neighborhood is a hot spot for house flipping.
Tarek El Moussa Christina HaackHGTV is taking over a new project Flip or Flop special, Takeover Flip, premiering Thursday, Dec 2.
E!! sneak peak, the exes are in Los Angeles’ Highland Park, a far cry away from the Orange County they know so well. For starters, their latest renovation—abandoned by its previous owner mid-flip—is missing a very important detail: a roof.
“They said it was a fixer upper,”Tarek tells a shaking Christina about his experiences. “but I didn’t know half the house was gone.”
“An investor bought it a few months ago, started the rehab, went to the city, got the permits, started the construction, ran out of money,”He explains. “so we’re here to take it over if we want.”
But are they? After all, he says the three bedroom, three bathroom, 1,700-square-foot home has an asking price of $850,000, with a possible profit for 1.3 million—but the neighborhood seemingly doesn’t match the bill. This is a risky venture that could pay off with a larger payout.