The premiere of Tarek El Moussa’s new series is finally here! In case you need a refresher, Flipping 101 w/ Tarek El Moussa spotlights Tarek as he shares his secrets to success with first-time flippers. If you’ve ever watched an episode of Flip or Flop, then you know how risky flipping can be. From dilapidated interiors and delayed construction to unexpected costs and angry neighbors, Tarek knows a thing or two about how to handle the common flipping obstacles newbies are sure to run into.

Tarek’s first mentees are Victor and Diana, a young couple with three children ready to get into the flipping business. Victor is especially committed — he quit his job in order to dedicate all of his time to flipping.

Newbie flippers Victor and Diana purchased this 1,600-square-foot, 4-bedroom/2.25-bathroom Craftsman home in Los Angeles for $480,000. They bought the house sight unseen — a risky move for rookie flippers. The outside of the home looks promising however one big flaw was evident immediately: The driveway is shared with the next-door neighbor.

As is common in many older homes, the floor plan is not open concept. The large fireplace is not only nonfunctional, but it is taking up a large amount of valuable space.