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CNBCs The Deed follows real estate developer Sidney Torres as he offers his assistance to struggling developers. Tune into a new episode of The Deed every Wednesday at 10pm ET/PT.
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Preview
The Deed is currently in its second season. It follows Sidney Torres and Sean Conlon as they lend a hand to developers in need of some help as they embark on a variety of real estate adventures.
In an interview with FanSided before the release of the second season, Torres opened up about what fans can expect from season 2 of The Deed. Asked what motivated him to come back for the second season, as he is so busy outside of the show, he said, "Honestly, because it’s what I do outside of the show. This isn’t something where you see these shows, and they create shows around certain personalities because the personality’s there."
He continued, "The reason I started that fund was to help up and coming entrepreneurs, developers that wanted to get into the game but didn’t have the ability to get the funding. This is something that I was doing and they just put cameras to show how I do it."
According to Fortune, Torres got his start as a real estate developer working an entry-level gig at a construction company. Over time, he became interested in the idea of flipping houses. He flipped his first house with a $40,000 loan from his grandmother.
Torres says, “In the show, I work with individuals who can’t go get money from the bank. Some of them have involved family and friends in buying something. If I didn’t have the help to get started, I wouldn’t be where I am today, so it’s important to pay it forward.”
Watch Torres continue to do the good deed by paying it forward tonight on CNBC at 10pm ET/PT.