Flip Men: Difference between revisions

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.<ref name="moconnell"/> 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.<ref name="mumberger"/> When entering a house for the first time, they often have to kick the door down, since the houses don't come with keys.<ref>[https://abcnews.go.com/Nightline/video/tackling-messy-foreclosure-market-15052764 “Tackling Foreclosures,”] [[ABC News (United States)|ABC News]], November 29, 2011.</ref> 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.<ref name="moconnell"/><ref>Neil Genzlinger, [http://artsbeat.blogs.nytimes.com/2011/10/25/channel-surfing-flip-men-vs-ratholes/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1 “Channel Surfing: ‘Flip Men’ vs. Ratholes,”] ''[[New York Times]]'', October 25, 2011.</ref> They are able to make quick purchasing decisions based in large part on their understanding of specific neighborhoods and their values.<ref name="dwotapka">Dawn Wotapka, [https://blogs.wsj.com/developments/2012/08/09/qa-house-flipping-still-at-home-on-reality-tv/ “Q&A: House Flipping Still at Home on Reality TV,”] ''[[Wall Street Journal]]'', August 9, 2012.</ref> 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.<ref name="jgaskar"/>

Clark was born and raised in [[Murray, Utah]].<ref name="jgaskar"/> After graduating from the [[University of Utah]] with a degree in economics and science,<ref name="clarkbio">[http://www.spike.com/shows/flip-men/bios/doug-clark “Flip Men Bios: Doug Clark,”] [[Spike (TV network)|Spike]]. Retrieved February 10, 2014.</ref> he became a commercial airline pilot for [[SkyWest Airlines]].<ref name="lvrupard"/> As a pilot, he found himself with a lot of free time, and became interested in learning more about the real estate business.<ref name="lvrupard"/><ref name="mepodmolik">Mary Ellen Podmolik, [httphttps://articleswww.chicagotribune.com/2012-/10-/04/classified/ctproperty-mreflipping-1007regains-podmoliktraction-homefront-20121004_1_home-pricesin-chicago-area-price-per-square-foot/ “Property flipping regains traction in Chicago area,”] ''[[Chicago Tribune]]'', October 4, 2012.</ref> After meeting Baird at a real estate auction, they formed Equity Capital Group in 2005.<ref name="mepodmolik"/> Clark continued to work as a pilot part-time until 2011, when he decided to focus solely on real estate.<ref name="clarkbio"/> Since 2005, his companies Equity Capital Group and Clark Venture Capital have purchased nearly $50&nbsp;million in property.<ref name="clarkbio"/> Clark has said that while location is the most important factor in real estate, the most important factor in flipping is price.<ref name="mepodmolik"/><ref>David J. Cross, [http://www.huffingtonpost.com/david-j-cross/flip-men_b_1734944.html “Spike TV's Flip Men: Secrets to Turning a Profit,”] ''[[Huffington Post]]'', August 6, 2012.</ref>