It looks like Josh took a bit of time off from filming to spend with his new baby. She’s adorable and three months old now! Heather will not let Josh or his brother walk on the rug the baby is on with shoes on. But the dog is all over it. People are weird. Josh Flagg is trashing Altman to other clients.
The Altman brothers fly in a helicopter to a listing appointment. It’s the biggest house I’ve ever seen. I think it might be bigger than the eternally under construction “House of Versailles” in Florida. There are marble floors, 12 foot marble fireplaces and a two-story library! There are 7 bedrooms and 10 bathrooms. It cost $66 million to build. There is an in-house gun range. Unfortunately, the guy they met with was not the decision maker, so they have to do it all over again.
Eventually they get the listing for right at $30 million. The house has been on the market for five years. The rebranding plan is to make the house very difficult to get into. That is make the listing so exclusive that you have to basically apply to see it.
Madison is trying to get a listing in Brentwood, which is odd because he is the Malibu guy. Also, when I think of Brentwood, I think of OJ Simpson shanking people after dark. But the film they showed us was of a quaint little downtown area that was more Lifetime Christmas movie without the snow, that rich LA neighborhood. That’s interesting. I mean there was a barn and a “farm shop” whatever that is.
The house belongs to Madison’s friend Lauren, but it has a lot of problems. The largest problem is mold. The inspections showed almost $200,000 in needed repairs. Madison is very upfront with the problems with each buyer and presents the property as a fixer upper with a big return on their investment.
When Madison goes to present an offer and they show Bundy Street. I could not live there. They really should rename that street. Madison has five offers in one week! It sold in a bidding war for $25K over ask.
After landing the fabulous penthouse at the high-rise with the free gluten-free muffins and coffee ground by full-blooded Colombian coffee bean experts every morning, James and David have got to find someone willing to rent the place. The plan is to throw a mile high club party for prospective renters.
The Mile High Party is attracting a ton of attention. Madison is even going to show up, as if he has clients for this property. Tracy Maltas is also going. It will be the first time we’ve seen Tracy this episode. I know I am in the minority, but I like her. Plus, now that she is getting divorced, I morbidly want to see how everything unraveled. Does that make me a horrible person? Josh and Heather are going too! Heather has lost all her baby weight. Josh Flagg and his soon to be husband are also going. These two are arguing like crazy over wedding stuff. Bobby seems like a bit of a bridezilla. Groomzilla? You know it is big time when Maurico Umansky shows up. This is like the who’s who of LA real estate.
Most all of the agents are mending fences. And then there is Altman and Flagg. They agree to fuel their hatred for each other. Bobby tells Flagg he needs to be the bigger man. Flagg is pissed that Bobby appears to be taking Altman’s side. Bobby tells Flagg not to be a child. They create a scene and Flagg goes stomping off.
Next week: Bobby and Flagg are not speaking to each other. The investment company that owns Altman’s huge listing tears up a check for $22 million. Tracy and her soon to be ex husband fight. Tracy goes to NYC and meets with Fredrik Elkund.