A Flip with a View
Tarek and Christina decide to go big and invest in a Real Estate Owned, or banked owned, high-end hilltop home with a gorgeous view. They check their bank statements and realize that even after maxing out their credit cards, the only way they can cover the costs of rehab is to get Tarek's mother to invest by taking out a loan against her home equity. So, if they lose on this house, it will affect the whole family. Banking on the home's beautiful view, Tarek and Christina spend 20 thousand of their $50,000 rehab budget on landscaping, however, after they notice a crack in the foundation slab of the house, they realize that the home might be sinking down the hill along with their profits! With literally everything, and then some, invested, will this flip with a view have Tarek and his family sitting pretty, or tumbling down the hill towards bankruptcy?
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