Melanie, owns her own Bali import business is going to first time flip a 70 yr old house with her mom, who flipped a property 30 yrs ago. Melanie bought the house for 750,000 plans to put in 50,000 of improvements and sell it for 980,000. Per Kristen good luck if you can do it.
First off, Melanie has no FYI experience at all. She did not research the flipping process and does not have a clear plan of what she wants done and of course does not listen to anything that Kirsten says. Surprise, surprise. I don't get people who have no building experience expect to come into the business and use the cheapest laborers ( you get what you pay for ) and expect to make a huge profit. The construction business is notorious for having poor contractors and fly by night operators and yet these inexperienced ladies who cannot keep track of their budget expect to get off scott free. Duh!!
What I loved about this show is that there is a gas leak in the house, the old plumbing needs to be redone and so does the electrical. Do the words Home Inspection mean anything. Of course a 70 yr old home has stuff wrong with it and it needed to be addressed during demo not after, when it will cost 3 times as must to fix. By the end of the show Melanie still retained her 980,000 asking price which the open house visitors and realtors all thought was too high. She blew her 4 week timeline into 20 wks and of course blew her budget and had yet to sell her home by the end of the show.
This episode is a great warning to first time flippers start small, don't demo any outside walls, check the plumbing and electrical in older homes, have a plan and a budget and stick to it.