We are back with David and James still at odds over how to market their $48 million listing. Since the two of them have been pursuing this listing for years, you would think they would have thought this through well before the listing was signed, but that is not the case. David will not even speak to James in the office.
Finally, David and James make up and get to do a few showings.”Dr. Sam” comes to look at the property. He is supposedly a cosmetic dentist to the stars. I don’t for a second believe he is a qualified buyer. There are not enough teeth in the world for that. This reminds me of the time Nene pretended she could afford $9 million houses in Miami.
The Brits go out to dinner with their female counterparts and Mauricio Umansky and Kyle Richards. David relates the Altman encounter to Mauricio. Mauricio and Altman apparently do not get along anymore.
Josh Flagg is in a wheelchair. I’m not sure why. He seems to have settled on a story that he fell off a stool while dusting some bottles of vodka. Josh strikes me as the type to pay someone to do that sort of thing. It seems to have caused a sciatica flare up. Josh is milking this injury for all it is worth.
Josh Flagg is taking his friend to look for an investment duplex in Venice. It’s very near Google and the beach. It seems like a great place for an investment rental. The main house would rent for about $9K a month and the smaller unit would rent for about $3,800. During all of this, Josh is being pushed I a golden wheelchair and playing up the poor pitiful me act. The next place they look at is a no for me because you can’t park your car at the house, it’s accessible only by a walking path. I can’t see carting in groceries. I can barely do that from my driveway. The price is $2.3 million and the rent is similar to the other unit, allegedly. The second unit is TINY. But it has an adorable rooftop deck. The third property is $2.6 million. The two units are 1,500+ square feet each and would rent for about $7K per unit. Financially, this already sounds like the best deal. Four bedrooms 5.5 baths and a rooftop deck. It’s a true duplex with two identical units. It’s perfect if the rental estimates are accurate.
Josh’s friend says the third place is out of his price range. Josh offers $2.350 million and then $2.450 million. Suddenly his buyer wants to offer more. He’s worried about losing the property. The sellers jump on the $2.450. The guy got a steal. He had both units rented to the same guy within five days. $12,000 a month for both for three years. Not too shabby.
Josh Altman goes on a listing appointment for a house in the Hollywood Hills. The curb appeal is nonexistent. The front of the house is hideous. But the inside is stunning and the dramatic views are to die for. For the first time in the history of any Million Dollar Listing franchise I have ever seen, the developer wants a much lower price that the agent. Altman tries to explain that the developer is $200 -$300 per foot below where he should be. The developer allows Altman to list it just under five and a half million. Altman has a successful brokers’ open for the Hollywood Hills house. The first offer that comes through is a leasing offer which the developer will not be interested in. However, they want a two-year lease at $40K. That’s almost a million dollars. The developer wants nothing to do with the lease offer. He tells Altman he is done with him. Altman goes outside and gets a client who will buy the house at $5.5 million with the promise of the two-year million dollar lease. Altman gets a sales commission and a lease commission.
Altman and his girlfriend are out at a restaurant because Altman is stalking the Brits to give them shit. He is still pissed they trashed his latest listing and called it overpriced. Altman sends over a bottle of champagne. Josh comes over and calls them “the Harry Potter twins” and says the champagne is to celebrate the sale of the listing they mocked. As it turns out they sell price was around $500K less than the list priced. The Brits point out that they told him it was over priced. Altman says that their Faring property is overpriced by $15 million. He tells them if they ever disrespect one of his properties again they will have a problem. He then says their dinner is on him and walks away. If it were me, I’d order three more meals to go. LOL.
Altman’s girlfriend is mad at him because he is planning wedding things with his brother instead of including her. Because, she is THE BRIDE.
Next week: Altman does some crazy stuff…
Dr. Sam has been on MDLLA before. In fact, Josh Flagg was his realtor for many properties in the past. The show made it seem as if they have known each other for years. I was shocked to see him with someone other than Josh.
I’d be interested in hearing what the problem is between Josh Altman and Mauricio. Wondering if there is any truth about the rumors regarding Mr.Umansky and Heather…..(allegedly).
Oh, scandalous!
Dr. Saleh is also responsible for NeNe Leakes’ smile “makeover”‘ gratis I presume
Beautiful homes. Those hill homes will be valley homes after one good earthquake.
Cant wait to get caught up on the new season. The dvr has the episodes for me, waiting. Glad to see Altman still hasn’t changed. Can’t stand him.
I can see Flagg hurting himself that way. He changed light bulbs for Grandma Edith 🙂
Josh F. was so funny in this episode in the wheelchair. At the end of the episode rolling around his house holding the dog in his lap looking all tired and frail was hilarious.
I didn’t like Josh A. Initially but he’s *sort of* growing on me. I can appreciate his swag and bodacious attitude. I was impressed that he didn’t give up after the guy rejected the rental offer and found another buyer. He looks so much better with facial hair than without. It must be some running joke how everyone else on the show is always calling Josh, a Jewish guy, greasy, slimy, sneaky, weasel, rat etc , almost like they’re purposely saying every stereotype in lieu of just coming out and calling him a slimy Jew, lol. But it seems he’s aware of it and plays up stereotype purposely.
It seems everyone hates the British guys. I don’t mind them that much. They can be a little annoying with all their girlish bickering but i find them amusing. Does anyone know if they ever sold the 48 million home?
I like the British guys too. AND I ENJOY WATCHING THE SHOW! Please quit encouraging the shitweasels to pipe up with what is going to happen with the house. If you want to know Google it. It is their entire storyline. Why would you want it spoiled for us?
On Sat, Sep 6, 2014 at 4:22 PM, Tamara Tattles wrote:
>
Haha sorry for that TT! Lazy Saturday ramblings..
I still haven’t warmed up to the Brits yet, but Altman insults them because they’re foreign which seems like it would be bad for his business since the majority of these cash buyers are foreigners. My niece has been trying to buy in CA with 20% down and all these cash buyers keep coming in and buying the properties she wants. She has given up.
I know nothing about home ownership (NYC apartment dweller) But when people say all cash, I wonder does that mean they literally have millions of liquid cash lying around or do they get outside financing from their own bank of whatever and just say they’re coming with all cash..
J, you sound really angry. Please go back to your meds.
You sound really angry. Please go back to your meds.
You’re an idiot.
Josh Flagg is Jewish – his grandmother’s first husband died at Auschwitz; she and her second husband helped rescue Jews and non-Jews during the war.
Do you really think Flagg would refer to Altman as anything derogatory in an effort to not use the words “slimy Jew”?
Plus, his grandmother passed away within the last month.
Jae, you must be Jewish. If you aren’t chill dude. Its just my opinion/observation – and not just based on this season, previous seasons as well. Just because you don’t agree with it does make me an idiot.
(and if you recall, there are other people on the show besides Josh F. and there were different cast members in previous seasons..)
Not to mention I’ve heard plenty of Jewish people talk shit and/or poke fun of other Jewish people and the stereotypes. Your comment makes no sense.
BK:
My religious beliefs have nothing to do with my comments.
You are an idiot, and you just agreed with my opinion/observation.
Based on your “you must be Jewish” comment, you’re also probably anti-Semitic.
Now fuck off.
I don’t like the British guys either and I’m British. What I dislike are their constant obnoxious comments to each other. It gets old – they’re supposed to be a team, but look more like young brothers with sibling rivalry. They’re only showing sarcasm, not the dry wit the British are known for.
Exactly.
BK:
Is that the best insult you could come up with?
That’s so….sad.
Good episode. I especially liked it when the wife of the married Brit said, as she stood perfectly coiffed in her spotless kitchen while on her laptop, something like “sell the property, we need it”. Honest and funny. My favorite has always been Josh F. and his bum sciatica. He is pure Hollywood real estate royalty.
And those two little girls a adorable.
No one can convince me that the dentist isn’t also a serial killer on his off time. I have a feeling if I looked in his trunk there would be a shovel and some lye.
That Venice duplex looks exactly like the one Lindsey Lohan and her ex girlfriend Sam the dj were living in at the same time. Although supposedly were not speaking to each other while living next door. I need to get a life since I know this shit.
Heather looks fake now. She has become too Hollywood looking. She is super skinny her teeth are overly white and her make-up looks plastered on. I liked her better when she was a little more natural looking.
My thoughts exactly. I know she is upset that Altman is planning the wedding with his brother instead of her and I get that, but she’s wooden IMO. She left her personality with Madison.