Tarek El Moussa is a real estate businessman and TV personality with a net worth of $10 million. He is well known as one of the hosts of the TV program “Flip or Flop.” El Moussa is well-known for purchasing houses at auction, refurbishing them, and then reselling them for a profit. His first profit came from buying a $115,000 investment home in Santa Ana and selling it for a $34,000 profit.
Tarek El Moussa’s Net Worth and Salary
Tarek El Moussa is an American real estate agent, and reality television personality, with a net worth of $10 million. El Moussa is an Orange County, California-based real estate agent and home flipper. His most well-known work is the HGTV program Flip or Flop, which he co-hosted with his ex-wife Christina El Moussa.
Tarek, Christina, and their partner Pete De Best paid $115,000 for their first Santa Ana investment property. After selling the home for $34,000, the three split the earnings and proceeded to flip properties, expanding their real estate investment business into Arizona and Nevada. Tarek’s new program, Flipping 101, with Tarek El Moussa, has debuted on HGTV. Tarek appears in the episode as he teaches real estate newbies the keys to a successful flip. In the early seasons of the program, Christina and Tarek were paid a pittance of $10,000 for each episode. That amounted to about $130,000 for the season. By season three, they were making roughly $600,000 every season, or $40,000 per episode.
Tarek El Moussa: Lifestyle
Tarek El Moussa is a real estate businessman and TV personality with a net worth of $10 million. In season 3, episode 1 of Flip or Flop, El Moussa paid $550,000 for a decrepit Yorba Linda house. Angelique, his sister, wanted to purchase the property after remodeling it for $103,400. Tarekchoose offers her the home at $20,000 less than he intended to promote it for.
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Despite this, he earned a $61,600 profit on the transaction. However, he agreed to forgo all closing charges. He bought the property in Newport Beach. El Moussa bought the property with the intention of flipping it, but after proposing to Heather Rae Young, they decided it would be a great home for both of them.
Career
Tarek El Moussa is a well-known figure who has reached various milestones in his career. Tarek began working as a real estate agent in 2001. He received his license to conduct that profession at the age of 21, which made him renowned. Tarek used to live a pretty opulent life.
However, his job as a real estate agent ceased shortly after the 2008 economic crisis. His life altered dramatically when he moved from a $6000-per-month apartment to a $600-per-month unit. Tarek and his wife began a fresh concept of Flipping Houses in 2009, which they also presented to HGTV. Their concept was so brilliant that it became a massive hit, lasting almost ten seasons. Tarek El Moussa has yet to receive any honors or honors.
Tarek El Moussa has not revealed much about his personal past, however, he was reared in California and graduated from Sunny Hills High School. Tarek rose to prominence at the age of 21 after obtaining his real estate agent’s license. To summarize, Tarek El Moussa is a fantastic personality who, despite experiencing a major setback in his career, has never given up. After the 2008 financial crisis, his real estate business froze. That almost killed his career, but Tarek and his wife came up with the concept for Flipping Houses, a television program. It was a huge hit, and it aired for more than ten seasons. Tarek’s career is still doing quite well.
