Flip Men | |
---|---|
Genre | Reality |
Starring | Mike Baird Doug Clark |
Theme music composer | Jeff Lippencott Mark T. Williams |
Country of origin | United States |
Original language | English |
No. of seasons | 2 |
No. of episodes | 22 |
Production | |
Executive producer | Dave Broome |
Camera setup | Panasonic AJ-HDX900 |
Production company | 25/7 Productions |
Original release | |
Network | Spike |
Release | October 25, 2011 – September 23, 2012 |
Flip Men is an American reality television series starring Mike Baird and Doug Clark that premiered on Spike on October 25, 2011, and ran for two seasons. The series follows Baird and Clark as they purchase foreclosed houses at auction, remodel the homes and sell them for return profits.
A neighbor introduced Clark to producer Danny Thompson, who helped Clark and Baird make videos about their endeavors as professional house flippers, in an online series titled Foreclosure Boys. [1] [2] They created approximately 90 videos over an 18-month period, which led to an introduction to Dave Broome (creator of The Biggest Loser ), who would go on to create and executive produce Flip Men. [1] At the time, there was an excess of foreclosed houses on the market, [3] following the financial meltdowns of 2008. [4]
Flip Men premiered on Spike on October 25, 2011. [5] It was picked up for a second season on January 31, 2012, [5] with the season two premiere airing on August 5, 2012. [6] The final episode aired in the US on September 23, 2012. On January 10, 2012, Electus announced that it had secured the series to be broadcast internationally. [7] The series first aired in Australia on One in October 2012. On January 7, 2014, the series started airing on Dave in the UK. [8]
Shot on location in and around Salt Lake City, Utah, the unscripted half-hour series follows Clark and Baird as they purchase foreclosed houses at bidding auctions and quickly fix them up to get them back on the market and turn a profit. [5] They also renovate and hold some houses, waiting for the value to go up further. They have no legal right to enter a house until they win the house at auction. [1] When entering a house for the first time, they often have to kick the door down, since the houses don't come with keys. [9] Items Clark and Baird have found inside the homes include thousands of bees, wedding dresses, vehicles and television sets, as well as a house that was formerly a meth lab. [5] [10] They are able to make quick purchasing decisions based in large part on their understanding of specific neighborhoods and their values. [11] When a foreclosed house doesn't sell at auction, it is almost always subject to bank repossession, widely considered to be a negative result because banks are typically slower at turning around a foreclosed property. [3]
Clark and Baird have contrasting personalities, with Clark more spontaneous and impulsive, while Baird is more careful and analytical. [3] They often disagree over the risk involved in various properties. Prior to Flip Men, they bought and sold an estimated 750 houses in the Salt Lake City area. [1]
Clark was born and raised in Murray, Utah. [3] After graduating from the University of Utah with a degree in economics and science, [12] he became a commercial airline pilot for SkyWest Airlines. [2] As a pilot, he found himself with a lot of free time, and became interested in learning more about the real estate business. [2] [13] After meeting Baird at a real estate auction, they formed Equity Capital Group in 2005. [13] Clark continued to work as a pilot part-time until 2011, when he decided to focus solely on real estate. [12] Since 2005, his companies Equity Capital Group and Clark Venture Capital have purchased nearly $50 million in property. [12] Clark has said that while location is the most important factor in real estate, the most important factor in flipping is price. [13] [14]
Baird grew up in San Diego, California, [11] and graduated from Brigham Young University's Marriott School of Management with a BA in business management in 2002. [3] He then began to learn about home maintenance and repair, and started investing in real estate. [1] [13] He is the owner of Baird Investment Properties and Equity Capital Group. [15] Mike is also known for Founding the Smarter Real Estate Tribe and. [16]
No. | Title | Original air date |
---|---|---|
1 | "Meth House" | October 25, 2011 |
2 | "Gang House" | November 1, 2011 |
3 | "Flood House" | November 8, 2011 |
4 | "Mystery House" | November 15, 2011 |
5 | "Masturbation Station" | November 22, 2011 |
6 | "Suicide" | November 29, 2011 |
7 | "Bombs Away" | December 6, 2011 |
8 | "Sinking Home" | December 6, 2011 |
9 | "Maggot House" | December 13, 2011 |
10 | "Mike Fights Doug" | December 13, 2011 |
11 | "Death Trap" | January 3, 2012 |
12 | "Million Dollar Money Pit" | January 10, 2012 |
No. | Title | Original air date |
---|---|---|
1 | "Jacked By Thieves" | August 5, 2012 |
2 | "Drive Through Meth Lab" | August 5, 2012 |
3 | "Bee House" | August 12, 2012 |
4 | "Hoarder House" | August 12, 2012 |
5 | "The Stench" | August 19, 2012 |
6 | "Polygamist House" | August 26, 2012 |
7 | "Bloody Crime Scene" | September 9, 2012 |
8 | "The Bet" | September 16, 2012 |
9 | "Doug Vs. The Building Inspector" | September 23, 2012 |
10 | "A Huge Mistake" | September 23, 2012 |
A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property.
In finance, flipping is a term used to describe purchasing an asset and quickly reselling it for profit.
Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. In contrast, real estate development is building, improving or renovating real estate.
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at such an auction for at least the outstanding loan amount. If there are no interested bidders, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of the foreclosure property, such as with a mortgage loan made at a high loan-to-value during a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset..
A deed of trust refers to a type of legal instrument which is used to create a security interest in real property and real estate. In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan (debt) from the lender to the borrower. The equitable title remains with the borrower. The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.
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Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States. The company auctions distressed real estate and personal property for private investors and federal and local government. It has served the United States Marshals, the U.S. Department of Treasury and over 100 counties throughout the United States. To date, Bid4Assets has sold over 125,000 properties nationwide and grossed over $1 billion in sales. In November 2021 Bid4Assets became a wholly owned subsidiary of Liquidity Services, operators of the world's largest B2B e-commerce marketplace. The company is based in Silver Spring, Maryland.
Flipped Off is an American reality television series on A&E that debuted April 28, 2012. The series features four-time Survivor contestant Russell Hantz, his brother Shawn Hantz, and real-estate agent Kristen Bredehoeft as they "flip" properties around the Houston area in an attempt to make a profit.
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