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Although Angela Oakley candidly admitted she was forced to take a staggering financial loss on her house flips, on The Real Housewives of Atlanta Season 17, she also shared why she decided to, once again, put “For Sale” signs up.
“I lost approximately $2 million in real estate. $2 million of my own money,” she shared during RHOA Season 17 Episode 3, before noting the upside. “I feel like I learned so much that I didn’t want to stop investing in real estate.”
You may recall Angela first hinted at her financial struggles last season on RHOA, when she explained that she owned five investment homes but hadn’t sold any of them yet. “I am in some deep s—t with these houses,” she described during Season 16 Episode 10.
During the RHOA Season 16 reunion, when host Andy Cohen asked for an update on her house flipping, Angela revealed she’d gotten “foreclosure notices on the properties.” She said at the time, “I’m about to lose everything I have. Like, I’m gonna walk away.”
Flash forward to Season 17’s April 19 episode, and Angela admitted she’s changed her mind and is in the middle of buying another home. “This house will make a profit,” she declared to producers. “I don’t care if it makes $1. That’s a profit.”
Angela Oakley reveals the reason why she’s jumping back into house flipping
As Angela and her 25-year-old daughter, Ahmauri, toured the new house Angela put under contract during the April 19 episode, Angela asked her to “please open your mind.” However, Ahamuri found many faults with the $180,000 three-bedroom, two-bath house in Decatur, Georgia.
“It’s just different from how you usually do your houses,” Ahmauri explained, as she pointed out the “spider in every room” and a tire dumped in the backyard.
Despite the challenges, Angela declared, “I’m gonna conquer it,” and added, “Sometimes it’s not about the big gains. It can be small gains.”
“I believe that this house is what the market wants,” she continued to producers. “It’s single-family. It’s entry-level. And so I wanted to use this property to lick my wounds a bit.”
Angela also opened up about the real reason she bought the home to producers, and it involved the death of her mother, Margaret, in October 2024.
“This house is definitely an emotional purchase,” she conceded. “I lost my mom and my properties last year. It was devastating.” To her daughter, she explained, “With all the losses that we had in 2024, I just feel like I can close that chapter if I had one win.”
RELATED: Phaedra Parks Has a Surprising Update on Her Beef with Angela Oakley
“I definitely feel that this house will bring some sort of closure,” Angela concluded.
Angela Oakley reveals whether her husband, Charles, supports her house flipping business
Angela hinted that the new house was a source of contention between her and her husband, NBA legend Charles Oakley, when she admitted to her daughter during the April 19 episode that he had not seen the house, even though she was only days away from closing on it.
“We’re going to flip this one house. One house this time,” Angela told Charles during a flashback to a conversation two weeks earlier, as he pointed out, “The other four didn’t get flipped.” When Angela explained, “I’m going to take the lessons I learned—“ he interrupted to say, “Good luck.”
RELATED: Angela Oakley Shares a Candid Update on Her and Charles’ Marriage After His Unexpected Remark
Previously, during the RHOA Season 16 finale, Angela revealed that the houses “put a strain on our marriage, because I’m constantly asking Charles to pump more money into these properties, and now he’s at a point where he doesn’t want to.”
She admitted to her therapist at the time, “I went against him, telling me not to do it, and I definitely feel so bad about that.”
During The Real Housewives of Atlanta Season 16 After Show, Angela shared that the issue of real estate debt had “taken over” her marriage.
“I’m not one to admit I’m wrong often,” she said at the time. “And so Charles is just in this ‘I told you so’ mode. Everything. He can’t wait to get a jab in.”
In Season 17, during the April 19 episode, Angela shared that her house-flipping endeavors are still an issue. “There’s a big part of me that feels like Charles does not take my business seriously,” she shared.
ICYMI, the RHOA Season 17 taglines are here, and one new peach is declaring, “It’s always my show.”
