Tarek El Moussa is a real estate businessman and TV personality with a net worth of $10 million. He is best known as one of the hosts of the TV program “Flip or Flop.” El Moussa is known for buying houses at auction, renovating 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 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 a real estate agent and home flipper based in Orange County, California. His most famous work is the HGTV program Flip or Flop, which he co-hosts 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 house for $34,000, the trio split the proceeds and continued 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 teaching real estate newbies the keys to success. In the early seasons of the program, Christina and Tarek were paid as little as $10,000 per episode. That amounts to about $130,000 for the season. By the third season, they were earning about $600,000 per 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 pays $550,000 for a dilapidated Yorba Linda house. Angelique, his sister, wants to buy the property after renovating it for $103,400. Tarekchoose offered him the house for $20,000 less than he wanted to promote it for.
Even so, he made a $61,600 profit on the transaction. However, he agreed to drop all cover-up charges. He bought real estate 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 the two of them.
Career
Tarek El Moussa is a famous figure who has achieved many successes in his career. Tarek started working as a real estate agent in 2001. He received his license to practice the profession at the age of 21, which made him famous. Tarek used to live a pretty luxurious life.
However, his job as a real estate agent stopped shortly after the economic crisis of 2008. His life changed dramatically when he moved from a $6000 per month apartment to a $600 per month unit. Tarek and his wife started the new Flipping Houses concept in 2009, which was also presented to HGTV. Their concept was so brilliant that it became a massive hit, lasting nearly ten seasons. Tarek El Moussa has yet to receive any honors or respects.
Tarek El Moussa doesn’t reveal much about his personal past, however, he grew up in California and graduated from Sunny Hills High School. Tarek became famous at the age of 21 after getting his real estate agent’s license. In short, Tarek El Moussa is a great personality who, despite experiencing major setbacks in his career, never gives up. After the 2008 financial crisis, his real estate business stalled. 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 ran for more than ten seasons. Tarek’s career is still going well.
Categories: Biography
Source: SCHOOL TRANG DAI
