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Detailed text transcripts for TV channel - KGO - 20140722:10:15:00

getting the deal of a lifetime, too, on this newly renovated oakland home, buying it as is. you walk into the house. and you see a lot of nice stuff. absolutely. on the surface, it looked pretty good. reporter: but beneath, something her inspector cautioned she might find. more than $15,000 in hidden costs. from loose, hazardous wires to leaks in her sewer. and a year after buying, erica found two feet of water under debris in the basement. there was a lake. a lot of flooding issues. what flippers are good at is doing surface repairs and not handling the structural repairs that are sometimes needed. reporter: ericka called in jennifer and steve clark, husband and wife flippers. who say there are insider secrets to spotting a potentially bad flip. in your utility rooms make sure the dryer and heater are vented out of the house. they take the easy step. they drill a hole in the floor, so she had carbon monoxide coming back into the house.

Detailed text transcripts for TV channel - KGO - 20140722:10:00:00

this morning on world news now, key evidence handed over days after the malaysian jetliner was shot down over ukraine. the growing anger. i will not understand that it took so much time for the rescue workers to be allowed to do their difficult job. as the bodies are finally being removed, world leaders and victims families demand answers. middle east bombardment. the disbelief on both sides of the israel/hamas battle after rockets hit a hospital. who is working on a cease-fire overnight. and national obsession. fixing up houses and flipping them for a profit. why it s buyer beware in this new real estate market. what flippers are particularly good at is doing surface repairs. experts reveal dirty secrets of flippers looking for a fast buck. it s tuesday, july 22nd.

Detailed text transcripts for TV channel - KGO - 20140722:08:45:00

and 114% from the year before. ericka doolittle thought she was getting the deal of a lifetime, too, in this oakland home. buying it as is. you walk into the house. and you see a lot of nice stuff. absolutely. on the surface, it looked pretty good. reporter: but beneath, something her inspector cautioned she might find. more than $15,000 in hid costs. from loose, hazardous wires to leaks in her sewer. and a year after buying, erica found two feet of water under debris in the basement. there was a lake. a lot of flooding issues. what flippers are good at is doing surface repairs and not handling the structural repairs that are sometimes needed. reporter: ericka called in jennifer and steve clark, husband and wife flippers. who say there are insider secrets to spotting a potentially bad flip. in your utility rooms make sure the dryer and heater are vented out of the house. they take the easy step. they drill a hole in the floor, so she had carbon monoxide

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