Doug Clark (investor)

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Doug Clark is an American real estate investor and former airline pilot. Between 2011 and 2012 he was featured on the Spike TV reality television series Flip Men.

Early life[edit]

Doug Clark was raised in Murray, Utah and went to college at the University of Utah. In 1997 he received a bachelor degree in economics, and became an airline pilot. At Colgan Air he was both a first officer and pilot, and in 2004 he became a captain for SkyWest Airlines. On his days off he developed an interest in real estate investment. He bought his first home at an auction and resold it within three days. Clark continued to work as an airline pilot until 2011.[1][2][3]

Real estate[edit]

Clark met with Mike Baird in 2004 to learn how to enter the property flipping industry, and shadowed Baird until 2005 when they formed Equity Capital Group and Clark Venture Capital together. The business of the companies was to finance their buying, renovating, and then reselling homes purchased at auction.[1][3][4][5]

By late 2011 Clark had bought and sold 750 houses over five years in the Salt Lake City area, and by 2012 he had bought and sold one thousand.[2][6] Clark has said that he only buys a small fraction of the homes he researches when looking for properties to invest in,[7] and that the purchase price is the most important thing he looks at when making a decision on an investment.[8] He has also been interviewed by the media regarding the best methods of house flipping and the differences between varying markets for property investments.[9][10][11] He has also toured US home shows to give speeches about his business[4] and has been interviewed about the logistics of purchasing homes at auction in regards to his television series.[12][13]

Reality television[edit]

In 2009 Clark and Baird began working with television producer Danny Thompson to create a web series called Foreclosure Boys.[2] The series involved the creation of about 90 YouTube videos per year about their business and different projects they would encounter. David Broome saw the videos and approached Clark and Baird about developing a reality television series surrounding their business.[2][6]

In 2011 Clark and Baird began producing and starring in the reality television series Flip Men on Spike TV, which focused on the restoring of houses abandoned during the housing crash—in particular, the more extreme cases of property degradation in comparison to the rehabbed result are shown. The show debuted on October 25, 2011, featuring properties in Salt Lake City.[1][14] The series was renewed for a second season in 2012,[15] which received an audience of about one million viewers per episode and three million per week including reruns.[4] Houses featured on the program include both smaller properties as well as large unkept mansions.[16]

References[edit]

  1. ^ a b c Jamshid Ghazi Askar (October 27, 2011). "From flipping homes to stars of reality show 'Flip Men'". Deseret News. Retrieved March 19, 2014. 
  2. ^ a b c d Lorri Vodi Rupard (November 20, 2011). "Flip Men's Doug Clark: I'm a risk taker who got lucky.". Utah Film Reviews and Interviews. Retrieved March 19, 2014. 
  3. ^ a b "Doug Clark biography". IMDB. Retrieved March 19, 2014. 
  4. ^ a b c Lorri Rupard (December 13, 2012). "Flip Men: Two Utah boys and reality realty". Daily Herald. Retrieved March 19, 2014. 
  5. ^ Mary Ellen Podmolik (October 4, 2012). "Property flipping regains traction in Chicago area". Chicago Tribune. Retrieved March 19, 2014. 
  6. ^ a b Mary Umberger (November 30, 2011). "Spike TV’s ‘Flip Men’: more than 750 houses bought and sold - See more at: http://www.inman.com/2011/11/30/spike-tvs-flip-men-more-750-houses-bought-and-sold/#sthash.DwZW4LlW.dpuf". Inman News. Retrieved March 19, 2014. 
  7. ^ David Cross (August 6, 2012). "Spike TV's Flip Men: Secrets to Turning a Profit". Huffington Post. Retrieved March 19, 2014. 
  8. ^ Ryan Owens (November 29, 2011). "‘Flip Men’ Stars Talk Reality of Fixing Up Foreclosures". ABC News. Retrieved March 19, 2014. 
  9. ^ Evan Nemeroff (November 1, 2012). "Property Flipping Gaining Steam in 2012". Mortgage Servicing News. Retrieved March 19, 2014. 
  10. ^ "24/7 Wall St.: The best cities to flip a house". USA Today. October 22, 2013. Retrieved March 19, 2014. 
  11. ^ Brady Dennis (October 15, 2012). "Flipping Houses Is No Longer a Flop of a Business". Washington Post. Retrieved March 19, 2014. 
  12. ^ Dawn Wotapka (August 9, 2012). "Q&A: House Flipping Still at Home on Reality TV". Wall Street Journal. Retrieved March 19, 2014. 
  13. ^ Melinda Fulmer. "Homebuying secrets to steal from flippers". MSN Real Estate. Retrieved March 19, 2014. 
  14. ^ Lauren Schuker (July 25, 2011). "TV Home Shows Flip Scripts". Wall Street Journal. Retrieved March 19, 2014. 
  15. ^ Scott Pierce (August 9, 2012). "Utah's 'Flip Men' ramp things up in Season 2". Salt Lake City Tribune. Retrieved March 19, 2014. 
  16. ^ Neil Genzlinger (April 18, 2012). "On Reality TV, Every House Has Its Horror". New York Times. Retrieved March 19, 2014. 

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