Credit: Alberto E. Rodriguez/ Getty Images, Ethan Miller/ Getty Images Photo: Derek Hough and Mark Ballas

Back in February, the news came out that Dancing With the Stars pros and longtime BFFs Derek Hough and Mark Ballas had bought a house in the San Fernando Valley for $1.275 million.

Now we have new details on their plans for it — they're puttin' it on TV! Production has begun on Mark and Derek's new four-episode HGTV series called Mark & Derek's Excellent Flip.


The show is currently expected to premiere on HGTV in early 2015 (maybe between the fall DWTS Season 19 and spring Season 20?) following the pair as they gut and renovate the property before flipping it for (hopefully) a profit. It should be fun to see them work together on something that seems far outside of their comfort zones.

“Mark and I have worked together for years, but flipping a house is uncharted territory for us,” Derek said in an HGTV media release. “At the end of the day, this house is a significant investment in more ways than one, so we have to make this flip work. We’re putting our own blood, sweat and money on the line.”

Mark added, “When we bought this house Derek and I both had BIG ideas. Since I am not much of a DIY guy, I’m really grateful that HGTV has stepped in to lend some expertise. We have good creative vision within several areas of the rebuild and I am really looking forward to seeing some of these ideas come to fruition. It’s an important summer project for both of us!”

Hey, they have to keep busy in the summer somehow! Not that they've been slacking. Mark is releasing a new song, "Miss Incredible," on August 3, and creating a video for it. Derek just finished his Move Live on Tour with sister Julianne, and now he's promoting his new book. Both Mark and Derek were nominated for Best Bromance at the 2014 Young Hollywood Awards; they lost that fight, but Derek took home the award for Hottest Body (of work), and also performed at the show.

But now they have a house to fix and flip. Will you watch this mini HGTV series, when it airs in 2015?

DWTS Season 19 premieres Monday, September 15 from 8 to 10 p.m. ET on ABC.

Source: HGTV (via Business Wire)