Tarek El Moussa is a real estate agent and reality television personality who has a net worth of $15 million as of 2022, amassed from his work as an Orange County, California-based agent and house flipper. Tarek became well known for his HGTV show “Flip or Flop” with ex-wife Christina Haack.
|Net Worth:||$15 Million|
|Profession:||Real Estate Agent and Reality Television Personality|
|Birth Date:||August 21, 1981|
|Birthplace:||Long Beach, California, United States|
Early Life and Biography
Tarek El Moussa is a real estate agent and house flipper born in 1981. Tarek’s dad comes from Lebanon, while his mom is from Belgium. They met when Tarek’s father moved to Europe at the young age of 18. The pair had two children together-Tarek and Dominique-who happen to be half Middle Eastern by ancestry! In addition, they have a close relationship with their parents who live nearby and help out on occasion with their kids!
In particular, he has been known for flipping houses quickly over the past 20 years or so – ever since he earned his real estate license in 2001 at just 21 years old!. He put this skill to use right away in California, where he began working as an auctioneer along with Christina Haack (his future wife). She focused on design while El Moussa managed renovations.
The business was booming when the economy collapsed in 2008. In the wake of this, Tarek and Christina famously went from living in a large luxurious house that cost $6,000 per month to a tiny apartment that cost $700 per month.
Tarek and Christina ran The El Moussa Group, based out of Orange County, California- an area with one of the largest foreclosure rates during the housing industry crash. With their partner, Pete De Best, they bought their first investment property for 115 thousand dollars in Santa Ana before selling it off for 34-thousand-dollar profit, splitting up said profits amongst themselves to expand their real estate investing business into Arizona and Nevada.
Moussa started his business in the California area, which started and went great. Then, unfortunately, the 2008 financial crisis took place, affecting many during the time; Moussa was no exception. He had to move into an affordable home, and foreclosures started becoming more common as well throughout Southern California- once again putting him into a challenging position financially as he found himself excited for changes that might help him escape this new predicament.
Moussa began exploring different ideas from other successful entrepreneurs who have been through similar situations before, such as buying distressed homes at reduced prices then renovating them so they could sell them higher on the market or selling products online which helped him put together a plan of his own with hopes it would work out too!
The idea was going well so far, but some people weren’t convinced yet about whether it should be done for TV… But HGTV loved this idea! They thought that if executed properly, it could be perfect for their network show because not only does everyone enjoy watching home improvement shows anyways, but there are also those interested in seeing how one-person battles against all odds by fighting hard until success finally comes around.
- El Moussa earned his fortune as a real estate agent and reality television personality throughout his professional career.
- His estimated net worth stands at $15 million as of 2022.
Famous Quotes by Tarek El Moussa
“Obviously, there’s a lot more riding on my skills when I’m the only one there, so it’s just a little bit more pressure.”― Tarek El Moussa
“It’s a whole different dynamic and it’s more real.”― Tarek El Moussa
As of 2022, Tarek El Moussa’s net worth is $15 million.
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