As 2010 comes to a close, we want to wish you a Happy New Year!!!
We are very excited for the new opportunities that 2011 will bring and look forward to working and sharing knowledge with you.
Also, tomorrow – the first day of the year! – catch an episode of Flip This House on A&E:
Suburban Steal Saturday, January 1 10:00am ET
*** check your local schedule
The newest project for CT Homes comes by way of one of Paul and Than’s investor protegees. He sells them on a steal of a deal in an upscale suburb. It’s a 3000 square-foot home on a ½ acre, hill-top lot surrounded by trees and stunning views. The interior is recently renovated with new high-end fixtures.
Than is wary of taking on a too many projects given their plans to open a satellite office in San Diego, but Paul and JD argue that, with a couple of small fixes, they will have the hottest house in the neighborhood. The biggest challenge will be trying to sell fast in today’s down market.
Demo day arrives and with it the first major set-back–the overgrown backyard is home to a strange gravel pit that hides the remains of an outdated septic system. The installation of a new septic system plus the discovery of faulty plumbing inside the house turn this quick flip into a serious challenge.