House flipping is back but the stakes have been raised. Time has become the enemy as flippers must race to renovate properties before prices fall even further. In the old real estate market, time was always on the flipper’s side. If a flip took too long or went over budget, then the flipper could just wait for prices to go up more. Today expenses and sinking prices are eating away profits on a daily basis. In this series, every flip will be a race against the clock. A graphic count down will be a key element in every show. In addition, each project will have a daily ‘burn rate’ which will show how much money the flipper is losing every day.