The two professional dancers will be doing a little more manual labor in their next venture, buying a house, fixing it up and trying to sell it for profit.
The first season of Mark & Derek's Excellent Flip — which includes four episodes — follows the pair as they renovate a property they purchased in southern California.
"Mark and I have worked together for years, but flipping a house is uncharted territory for us," Hough said in a statement. "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."
"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," Ballas said in a statement. "It's an important summer project for both of us!"
The series is scheduled to premiere in early 2015.