Property Wars returns, offering fans both big scores, money pits

Big pride can lead to big losses, but big gambles can also lead to big wins on the Discovery Channel in the Phoenix, Arizona, property market.

Think you know a diamond in the rough? In the high-stakes world of housing auctions, Phoenix, Arizona leads the nation. On Discovery Channel’s Property Wars, some bidders see a lost cause where others see a pile of gold, just waiting to be painted and flipped. But, when one can only see the house from the outside before bidding, a home that looks great on the outside can be a disaster on the inside—or vice versa.

Home flipping is definitely a high-risk, high-stress gamble, and not for the weak or inexperienced:

Big Pride, Big Mistakes

This season, Property Wars is back, with aggressive buyers at the top of their games competing to snatch up the most profitable houses recently put up for auction by the county courts. And this is not your grandma's silent auction, to be sure. As their bidders stand by at the courthouse, buyers are given only minutes to investigate a house before the bidding starts. They're not allowed to view the interior until after it's bought, so they must rely on a combination of gut instinct and experience to figure out if each house is worth their investment. But the properties themselves aren't the only factors in this high stakes bidding match; rivalries between buyers lead to fierce bidding wars to get the homes—and sometimes big, big mistakes in the name of pride.

So, who will be bidding in the Property Wars this season?

  • Doug Hopkins: Commonly referred to as the King of the East Valley, is an assertive veteran buyer with over twenty years of experience.
  • Scott Menaged and Lou Amoroso: Two abrasive New Yorkers, are determined to get any property they desire and they have no qualms about offending fellow buyers in the process.
  • Ed Rosenberg and Steve Simons: Recent transplants from Los Angeles, believe that the best way to make a big profit is to take calculated risks, but their inexperience still gets them into trouble.
  • John Ray: A longtime Phoenix real estate buyer who uses his intimate knowledge of the local market and building codes to seek out unique houses that can turn to gold.

Do You Know Bargains from Money Pits?

Who will wind up with a bargain and who will get sucked into a money pit? On this season of Property Wars, follow teams of buyers and bidders squaring off in hopes of carving out their own sections of the Phoenix market. From the quick down-and-dirty investigation of the houses which can only be viewed from the outside, to the heated auctions themselves, through the surprising inspections that reveal the insides of the houses for the first time, profits and losses are tallied to see who makes the best deal and who goes bust. Whether going after a run-down property in one of Phoenix's toughest neighborhoods, a sprawling custom mansion, or a ranch out in the desert, these guys are all determined to walk away with the best deal of the day.

Season two of Property Wars kicks off on the Discovery Channel on January 10 at 10/9c.

UPDATED: Season premiere kicks off tonight

Image: Discovery Channel

Video: Discovery Channel/Property Wars

Comments

Submitted by Anonymous (not verified) on
Transplants? They both reside in Simi Valley CA? These guys have never purchased a property in AZ? This show is so fake its embarrassing! The cast members are the only ones that show up to the propertys that are a part of a public sale ? the pacing, the cell phone drama, come on.....

Submitted by Anonymous (not verified) on
If you ever watched an episode of the show you'd see many more people show up than just the show's cast members. They frequently show shots of the bidders AT the courthouse AND in front of the house and it's not just the cast.

Submitted by Anonymous (not verified) on
In the couple of episodes that I watched, for the 10 or so mins one could stand it. BTW I dont watch cartoons either, but the premis of most are probably more plausible than this show! I did not see any other bidders at the house's ? The court shot is so fake, it's an an insult to anyone of average intelligence. I did notice that the house's that they are bidding on, only the cast members end up with them, if there are other bidders? Coincidence? Im sure it is. Let me see, Pheonix is approx 540 Sq miles and all four groups of bidders are some how able to cover all houses that are randomly put up for auction in these 540 sq miles in one day as the show promotes, and curiosly enough ALL the same group of investors EVERYTIME! Amazing! Yes, that is plausible!

Submitted by Anonymous (not verified) on
All "reality" shows have a level of fake/fixed to them. If it's not your thing then move along and watch something else. Most who watch a show like this (or even House Hunters) simply do it to see the houses. Again, they have shown others in front of houses but since you've only watched 10 mins of a couple of episodes of course you are the expert. Puhlease.

Submitted by Anonymous (not verified) on
I can't even make sense of what you just said? I watched for ten, but it only took about five to see how poorley done this pile was! Your repeating yourself, do you have anything other compelling factually based points to drive home? I thought we were rating this show? Are we debating the validity of a supposed "reality show? if so please try a little harder. Or, are you trying to defend it for some strange reason.

Submitted by Anonymous (not verified) on
Rating the show? Where did that come from? I don't see anywhere to rate the show. This is the comments section of an article written about the show. If we were here to rate anything it would be the article. I have nothing else to add. You're the expert.

Submitted by Anonymous (not verified) on
At least youve begun to make a little sense. although, I would add you have nothing "of value" to add. I get it, no one should ever post anything contrary to your opinion on the world wide web in an open forum for discussion. Because they would be wrong. Like I said, do you have any factual points to make, or do you just want to keep taking this personal and responding with mindless word drool? Sorry i offended you cupcake.

Submitted by Anonymous (not verified) on
Keep dreaming. You're not that important.

Submitted by Anonymous (not verified) on
Listen, the grown ups have fired up the work day! I'll get back with you a little later. Maybe you need to call a " Lifeline" obviously your a member of the farm team, it's like pistol whipping a blind kid? Brutal.

Submitted by Anonymous (not verified) on
Try sobering up. Then you would be able to understand even simple English.

Submitted by Anonymous (not verified) on
Actually, your advise should be " you need to be inebriated " to understand your incoherent ramblings, and feeble attempts at Whitt . Oh, and the show would be better!

Submitted by Anonymous (not verified) on
You should make it your friend. Though I get it, it's over your head too. Enjoy your basement dwelling life.

Submitted by Anonymous (not verified) on
Loved the first season. Will order season pass for this from itunes as soon as it's available. Hopefully it will be, they didn't this season for Axe Men.