Tarek El Moussa is a real estate businessman and TV personality with a net worth of $10 million. He is known as one of the presenters of the TV show “Flip or Flop”. El Moussa is known for buying houses at auctions, renovating them and then reselling them at 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 Mousse 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 enthusiast. His most famous 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 investment property in Santa Ana. After selling the house for $34,000, the three split the profits and continued selling real estate, expanding their real estate investment business in Arizona and Nevada. Tarek’s new program, Flipping 101, with Tarek El Moussa, debuted on HGTV. Tarek appears in the episode teaching real estate newbies the keys to successful pitching. In the first seasons of the show, Christina and Tarek were paid a measly $10,000 per episode. That was about $130,000 for the season. By the third season, they were making approximately $600,000 each 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 Flip or Flop Season 3 Episode 1, El Moussa paid $550,000 for a dilapidated Yorba Linda house. Angelique, his sister, wanted to buy the property after remodeling for $103,400. Tarekchoose offers her the house for $20,000 less than he intended to promote it.
Despite this, he made $61,600 on the transaction. However, he agreed to waive all final charges. He bought a 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 make a great home for both of them.
Career
Tarek El Moussa is a well-known person who has reached various milestones in his career. Tarek started working as a real estate agent in 2001, and he got his license for that job at the age of 21, which made him famous. Tarek lived a rather lavish life.
However, his job as a real estate agent ended shortly after the 2008 economic crisis. His life changed dramatically when he moved from a $6,000-a-month apartment to a $600-a-month apartment. Tarek and his wife started a new Flipping Houses concept in 2009, which they also pitched to HGTV. Their concept was so brilliant that it became a huge hit, which lasted for almost ten seasons. Tarek El Moussa has yet to receive any accolades or honors.
Tarek El Moussa hasn’t revealed much about his personal background, however, he was raised 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 fantastic personality who, despite a major failure in his career, never gave up. After the financial crisis in 2008, his real estate business froze. It almost ruined his career, but Tarek and his wife came up with the concept for Flipping Houses, a television program. It was a big hit, and it aired for more than ten seasons. Tarek’s career is still going pretty well.
Categories: Entertaintment
Source: vcmp.edu.vn