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The Flip Or Flop Home That Lost Christina Hall And Tarek El Moussa Money – House Digest

Can’t flop, won’t flop could have been a motto for Christina Hall and Tarek El Moussa; in most instances, their hard work and choices converted to a win. Yet even with a supportive fan base and years of experience, m…….

Can’t flop, won’t flop could have been a motto for Christina Hall and Tarek El Moussa; in most instances, their hard work and choices converted to a win. Yet even with a supportive fan base and years of experience, mistakes and surprises are inevitable in the real estate market. 

A small, dilapidated residence proved a bigger challenge than expected per Realtor; notably, the admitted loss occurs early in their TV careers at the end of Season 3 of “Flip or Flop.” Owing to its distant location, the home in “Big Lot Little Flop” was purchased sight unseen. However, by that time, the couple had bought several residences at auction before inspections or inside viewings. So what caused them to realize a loss on this property?

The chain of events was a nightmare scenario for investors. The home was purchased for $272,000 and received $105,000 worth of improvements. The duo exceeded their budget, selecting a porcelain tile that looked remarkably like marble, for example, while neglecting to prioritize the exterior and landscaping per Realtor. El Moussa remarked they would need to sell the home for $400,000 to see a profit, yet unfortunately, the best comp in the area came back at $389,000 (via HGTV and YouTube). “No matter what, we’re not gonna make money. The question is how much money are we gonna lose?” El Moussa asked Hall. After paying closing costs at the buyer’s request, the renovation set them back $3,300. 

Source: https://www.housedigest.com/995715/the-flip-or-flop-home-that-lost-christina-hall-and-tarek-el-moussa-money/

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