The Practice of Buying Property
The house is completed on time, with a total of $33,000 invested into renovations. Scott unexpectedly arrives at the house and becomes upset at Larry for installing the roof without consent, although Scott later concedes that it was a necessary improvement. While Scott is away from the house to purchase a new Ferrari, project manager Larry has a new roof installed on the house. Scott and Amie flip a house with an outdated 1970s design. Scott’s real estate agent Michelle sells the home for $127,000.
Mark and Scott argue about the high cost, with Scott telling him that he purchased a bad house. Scott and Amie team up with twins Phil and Tom for another house flip on a five-bedroom six-bathroom home in Summerlin, purchased for $335,000. The house also has a pool with cracked plaster, which is remedied by applying an epoxy paint. After $30,000 in renovations, Rexalyn sells the house for $159,000. Scott subsequently devises a cheaper solution by building new walls to cover the old ones.
An HVAC repairman discovers a marijuana plant in the attic, but Scott declines to contact the police, as he believes that will only slow down progress on the house. Scott contacts his lawyer, who advises him not to touch the marijuana until it can be determined whether the FBI’s case is still ongoing, as the drugs could be considered evidence in the case. More marijuana is discovered at the house, inside a plastic bag. Scott becomes upset at Darryll when power is briefly shut off at the house, preventing workers from continuing with the renovations. Instead, Scott plans to contact his lawyer on how to proceed.
Scott has Larry meet with city officials to discuss the paving of a road in front of the houses. Scott is also responsible for completing the sewer and water systems, and the fire hydrants. Scott discovers that as the owner, he is responsible for paving the road, as well as a section on land that he does not own, as the city now considers him to be the developer of the housing project.
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