Angie, Harris, Peter, and Brian attempt to flip an upscale house on Venetian Way. Their contractor is a bit flaky and is finding numerous ways to make more money off of them and raise the budget.
The crew at CT Homes decides it's time to flip two multi-family Victorians on Elm Street which they own as rental units. The beautiful homes situated in one of New Haven's historical landmark neighborhoods near Yale should turn a hefty profit, but they need to be improved before they can be sold. It's competition time as Paul and Than square off against JD and Jeremy to see who can do the best flip and make the most profit. The two teams differ in every area, from budget to design. Will JD and Jeremy's motto of "flip it fast and flip it cheap" hold up against the more conservative Paul and Than who believe that more time and more money makes for a better flip?
Peter and Brian take on the challenge of flipping a high-end home that previous flippers abandoned.
Rudy gets a tip for a realtor friend; Rudy's wife, Natalie, offers to help him with the flip; a concrete wall shared with the next door neighbor is in need of repair.
One of Paul and Than's investor proteges gets them a deal on a 3,000-square-foot home in an upscale suburb; a quick flip turns into a serious challenge with the discovery of an outdated septic system and faulty plumbing.
Rudy heads to Galveston, Texas, to help his aunt whose home was badly damaged in Hurricane Ike; Rudy agrees to repair the house and then flip it for his aunt.