Just B with Bethenny Frankel Tarek El Moussa
10 snips
Feb 15, 2024 Tarek El Moussa, a renowned real estate investor and TV personality famous for co-hosting HGTV's 'Flip or Flop', shares his transformative journey. He opens up about overcoming drug addiction and personal struggles while co-hosting with his ex-wife. Tarek discusses the hidden emotional benefits of homeownership and the importance of resilience in real estate. He also touches on co-parenting dynamics and the critical connection between mental health and personal success, offering valuable insights on navigating life's challenges.
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Real Estate Beginnings
- Tarek's entry into real estate was inspired by his ex-girlfriend's father, a gambler who lost houses in poker games.
- After losing his job selling knives, a real estate school sign caught Tarek's eye, leading him to a new career path.
Hold Real Estate
- Hold onto real estate investments for long-term gains, as the majority of people's net worth comes from their primary residence.
- Flipping houses can generate income to purchase more real estate, but holding onto properties ultimately builds more wealth.
Avoid Landlord Headaches
- Hire property managers to handle tenant interactions and repairs so you can focus on finding more deals.
- Avoid headaches by delegating tasks and concentrating on building your real estate portfolio.
