House-flipping shows are officially back in vogue, with U.S. cable net Spike TV the latest to rejoin the buying and selling bandwagon with its new six-part commission, Flipping Foreclosures.
The unscripted series, which premieres this fall, will showcase a young, entrepreneurial Utah-based duo that “constantly roll the dice with their financial fates by buying and flipping foreclosed property.”
In each episode, the hosts will walk viewers through the often-tenuous process that is involved with house-flipping, providing tips and analysis during their journey. Shot on location in Salt Lake City, the series is made by 25/7 Productions and exec produced and created by Dave Broome (The Biggest Loser).
“The heart of the series is our enterprising, ambitious hosts who look to persevere in the financially precarious world of real estate,” said Tim Duffy, Spike TV’s senior VP for original series.
The news comes after A&E earlier this month tapped former Survivor contestant Russell Hantz for a new 7 x 60-minute series called Flipped. Made by Departure Films, the show will see Hantz and his family buying houses in the Houston area on the cheap, before renovating them and attempting to sell them.
At the time, A&E Network’s exec VP of programming David McKillop said: “House flipping is back and the stakes have been elevated.”
Meanwhile, Bravo announced in April that Shed Media is developing The Kristoffer Winters Project (working title), a doc series about a mansion house-flipper. April also saw Canadian distributor BuzzTaxi launching Cream Productions’ house-flipping show Sibling Rivalry internationally at MipTV in Cannes.