Flip or Flop

Tarek and Christina El Moussa lead dizzying professional lives. After finding success as real estate agents and then experiencing the drastic downside of the housing market, the Californians switched career gears: They now buy distressed properties -- foreclosures, short sales and bank-owned homes -- remodel them and sell them at a profit. At least, that's the way it's supposed to work. "Flip or Flop" tracks the El Moussas' roller-coaster journey in each episode, beginning with a cash purchase at auction of a home -- often sight unseen -- and the fix-it-up process, to the nail-biting wait to find a buyer.