‘Flip or Flop': Here’s HGTV Show’s Most Profitable Project (So Far)
On Monday, TheWrap wrote about the one and only time to-date that Tarek and Christina El Moussa lost money on a “Flip or Flop” house — but what was the most they ever banked from a project?
Good question, us.
To answer, this writer only had to go back to the beginning of this calendar year for the aptly-named “Big Money Flip” episode.
Also Read: When Will 'Flip or Flop' End? Tarek and Christina's Marital Woes Make It Complicated
The mid-January 47th all-time installment of “Flip or Flop” saw the El Moussas make a whopping $167,600 on one Costa Mesa, Calif. home, which was apparently very well done by contractor Steve Cederquist.
Tarek and Christina bought the midcentury modern house from an out-of-state seller for $710,000. While high for the kind of flipping the El Moussas prefer, it was actually a pretty good price for the large family home.
They then dumped a massive $212,900 in renovations into the joint, but sold the thing for $1,149,000. Backing out their $55,000 in closing costs, the husband-and-wife team banked the rest.
Also Read: 'Flip or Flop': That One Time an HGTV House Flip Actually Flopped
Interestingly enough, just about a month-and-a-half later the El Moussas would come up just $100 shy of that record.
On the show’s “Million Dollar Flip” episode, Tarek and Christina took an even-bigger risk, putting $140,000 into a home they’d already paid $989,000 for. They had a buyer at $1.35 million, which means after 50 grand in closing costs, the two brought back $167,500.
The flippers can thank contractor Don Jensen for killing it on that one.
Also Read: 'Flip or Flop' Star Christina El Moussa Completely Done With Tarek (Report)
“Big Money Flip” re-airs tomorrow at 4:30 p.m. ET. Readers will have to wait until December 29 at 3 p.m. ET to catch “Million Dollar Flip” next in reruns.
Related stories from TheWrap:
7 Most Outrageous HGTV Scandals: From 'Property Brothers' to 'Flip or Flop' (Photos)
'Flip or Flop': 6 Updates Since the El Moussas Announced Their Split (Photos)
'Flip or Flop' Star Tarek El Moussa Dated the Family Nanny (Report)
'Flip or Flop' Star Christina El Moussa Is Dating the Family Contractor (Report)
