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Episode 466

A Real Estate Investor & A T.V Star Speaker

Tarek El Moussa is a successful real estate entrepreneur and the star of HGTV hit series Flip or Flop. His incredible success has been a roller coaster ride - proof that if you are determined, you will always prevail.

Tarek El Moussa

Tarek El Moussa is a successful real estate entrepreneur and the star of HGTV hit series Flip or Flop. His incredible success has been a roller coaster ride – proof that if you are determined, you will always prevail.

Tarek’s story is an inspiration to anyone who anyone who resolves to achieve  their goals. He sold real estate, not making any money at age 20, and living in the garage of his mother’s house. His luck turned when he finally sold his first mansion of many and he bought a million dollar house with his first commission.

Then the recession hit and he lost his million dollar home. His new niche became flipping distressed properties which led to a new challenge: flipping 13 homes in 10 months for a TV show. His lessons to those who want to copy his success: be open minded, don’t be afraid to approach successful people, and be determined.

For those who are curious about whether they should invest in real estate, Tarek’s story on this podcast has plenty of advice on do’s and don’ts. His rental properties provide him with cashflow for his mortgage and his Lamborghini, but he survived some harsh lessons prior to his success.

With hundreds of flips on his resume, Tarek showcases his real estate and interior design savvy on Flip or Flop as he finds, buys, renovates and flips homes for profit. He is now into his eighth season. In addition to this, Tarek will be airing his new HGTV show “Flipping 101 w/Tarek El Moussa” in 2020, where he mentors real estate novices to help them learn the secrets of a successful flip!

When not on set, Tarek loves spending time with his two children-Tarek El Moussa

Show notes

In this episode you’ll learn:

  • How you can change your luck in 90 days if the present situation is completely unbearable.
  • How Tarek found a “dumb guy” who invested with him to flip 500 houses.
  • An idea for a TV show came from attending a real estate convention.
  • How Tarek did 13 flips of unoccupied houses in 10 months for the TV show.
  • The secret to making money when you’re buying real estate.
  • A simple job of stuffing envelopes turned into a VP position at the company.
  • Why you should set goals so big that people think you’re crazy.

Resources Mentioned

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