TV personality and real estate entrepreneur Tarek El Moussa has a $10 million net worth. He is best known for being one of the hosts of the television show “Flip or Flop.”
The practice of El Moussa, who frequently buys homes at auction, renovating them, and then reselling them for a profit, is well-known. He made his first money by investing $115,000 in a Santa Ana rental property, which he later sold for a $34,000 profit.
Tarek El Moussa’s Net Worth and Salary
With a net worth of $10 million, Tarek El Moussa is an American real estate agent and reality television star. El Moussa is a real estate broker and house flipper based in Orange County, California. He co-hosted the HGTV show Flip or Flop with his ex-wife Christina El Moussa, which is his most well-known project.
Their first Santa Ana investment home cost Tarek, Christina, and their business partner Pete De Best $115,000. The three divided the proceeds after selling the house for $34,000 and then went on to flip houses, growing their real estate investing company into Arizona and Nevada. HGTV has premiered Tarek’s brand-new series, Flipping 101, with Tarek El Moussa.
In the episode, Tarek makes an appearance as he imparts to novices in real estate the secrets of a profitable flip. Early on in the show’s run, Christina and Tarek received a pitiful $10,000 per episode. For the season, that came to around $130,000. They were earning about $600,000 per season by the third season, or $40,000 every episode.
Tarek El Moussa: Lifestyle
TV personality and real estate entrepreneur Tarek El Moussa has a $10 million net worth. Flip or Flop’s third season, episode one saw El Moussa paying $550,000 for a dilapidated Yorba Linda home. His sister Angelique wanted to buy the house after refurbishing it for $103,400. Tarekchoose makes her an offer for the house that is $20,000 below what he had planned to sell it for.
Nevertheless, he made a $61,600 profit on the deal. He did, however, agree to waive all closing costs. He acquired the Newport Beach property. El Moussa originally intended to sell the house for a profit, but after popping the question to Heather Rae Young, they realized it would make a wonderful home for them both.
Career
A well-known individual who has accomplished a number of career milestones is Tarek El Moussa. In 2001, Tarek started his career as a real estate broker. At the age of 21, he obtained his license to practice that profession, which cemented his notoriety. Tarek formerly led a rather wealthy life.
However, immediately after the 2008 financial crisis, he lost his work as a real estate agent. When he downsized from a $6000/month apartment to a $600-per-month home, his life underwent a significant change.
In 2009, Tarek and his wife started a brand-new version of Flipping Houses, which they also pitched to HGTV. Because of how original and successful their idea was, it lasted for almost ten seasons. Honors and awards have not yet been bestowed on Tarek El Moussa.
Tarek El Moussa was raised in California and attended Sunny Hills High School, though he hasn’t spoken much about his personal history. At the age of 21, Tarek became well-known after becoming a licensed real estate agent. To sum up, Tarek El Moussa has a great personality and persevered despite suffering a serious setback in his profession.
His real estate venture stalled following the 2008 financial crisis. That nearly ended his career, but Tarek and his wife came up with the idea for the television show Flipping Houses. It was a big success and ran for almost ten seasons. Tarek’s professional life is still going quite nicely.
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