Flip or Flop

Tarek and Christina broaden their search and win a property unseen in Los Angeles County. But during their walk-through, the divide between initial perception and present reality leaves them in total foreclosure shock.

Tarek and Christina broaden their search and win a property unseen in Los Angeles County. But during their walk-through, the divide between initial perception and present reality leaves them in total foreclosure shock.

Tarek and Christina secure a hard money loan to make an offer on a home in the upscale neighborhood of Whittier, CA. Although the home needs serious updating, the renovation appears to be mostly cosmetic.

Tarek and Christina secure a hard money loan to make an offer on a home in the upscale neighborhood of Whittier, CA. Although the home needs serious updating, the renovation appears to be mostly cosmetic.

Tarek and Christina jump on a bank-owned listing that has been on the market for fewer than 24 hours. But as renovation rolls along, budgets crash through ceilings and deadlines continue to be pushed.

Tarek and Christina jump on a bank-owned listing that has been on the market for fewer than 24 hours. But as renovation rolls along, budgets crash through ceilings and deadlines continue to be pushed.

Tarek and Christina find a short-sale home listed in Whittier, CA, that's small but has an enticing asking price. Despite their rigid debt ceiling, they're convinced they can buy and rehab the home within a strict budget.

Tarek and Christina find a short-sale home listed in Whittier, CA, that's small but has an enticing asking price. Despite their rigid debt ceiling, they're convinced they can buy and rehab the home within a strict budget.

Tarek and Christina spot a Garden Grove home listing online that looks like a bargain. But after an unusual auction and a bevy of surprise issues, this dirty and dated home quickly becomes more work than they ever imagined.

Tarek and Christina spot a Garden Grove home listing online that looks like a bargain. But after an unusual auction and a bevy of surprise issues, this dirty and dated home quickly becomes more work than they ever imagined.

Tarek and Christina are contacted by a cash-strapped flipper who needs to unload a project house. With no kitchen, exposed framing and piles of rubble, Tarek starts adding up the dollars required just to rehab the house.

Tarek and Christina are contacted by a cash-strapped flipper who needs to unload a project house. With no kitchen, exposed framing and piles of rubble, Tarek starts adding up the dollars required just to rehab the house.

Tarek and Christina get financial help on a short-sale listing in upscale Anaheim Hills that has just fallen out of escrow. But with two investors comes two sets of opinions, and budgets and schedules suffer the consequences.

Tarek and Christina get financial help on a short-sale listing in upscale Anaheim Hills that has just fallen out of escrow. But with two investors comes two sets of opinions, and budgets and schedules suffer the consequences.

Tarek and Christina find an intriguing short sale in the desirable Torrance neighborhood. The exterior's in good shape and the comparable properties are a good value, but after touring the home, it's clear it needs a lot of work.

Tarek and Christina find an intriguing short sale in the desirable Torrance neighborhood. The exterior's in good shape and the comparable properties are a good value, but after touring the home, it's clear it needs a lot of work.

Tarek and Christina take on a dated home near an airport and a noisy elementary school in Hawthorne. Its attractive list price draws them in, until work begins and a multitude of hidden problems rise to the surface.

Tarek and Christina take on a dated home near an airport and a noisy elementary school in Hawthorne. Its attractive list price draws them in, until work begins and a multitude of hidden problems rise to the surface.

Tarek and Christina get a lead on a home in Anaheim, CA, that's being offered as a quick sale with no inspections or contingencies. Seems like a great project, but with a tenant, they can't see inside before making an offer.

Tarek and Christina get a lead on a home in Anaheim, CA, that's being offered as a quick sale with no inspections or contingencies. Seems like a great project, but with a tenant, they can't see inside before making an offer.

Tarek and Christina get a lead on a home in Anaheim, CA, that's being offered as a quick sale with no inspections or contingencies. Seems like a great project, but with a tenant, they can't see inside before making an offer.

Tarek and Christina come across a short sale listing in a desirable La Mirada, CA. Its price leaves a tighter profit margin than they would like, but the 1990s home is newer than the properties they typically buy.

Tarek and Christina come across a short sale listing in a desirable La Mirada, CA. Its price leaves a tighter profit margin than they would like, but the 1990s home is newer than the properties they typically buy.

Tarek and Christina purchase a promising trust-sale listing in Buena Park, CA. But as work begins and renovation costs rise on changing plans and hidden problems, their enticing profit margin appears to be on a downward spiral.

Tarek and Christina purchase a promising trust-sale listing in Buena Park, CA. But as work begins and renovation costs rise on changing plans and hidden problems, their enticing profit margin appears to be on a downward spiral.