443: Star of HGTV Flipping Shows, Tarek El Moussa

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Apr 3, 2023

Tarek El Moussa, HGTV star from shows like "Flip or Flop," shares his incredible journey from a struggling real estate agent to a successful investor. He reveals how he got into TV without prior experience and the strategies he uses to find and negotiate deals. Tarek discusses the importance of targeting pending listings and how he has mastered the art of delegation in his business. He also reflects on transitioning from active flipping to passive investing while shining a light on his diverse ventures, including his new solar company.

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ANECDOTE

Tarek's Real Estate Start

Tarek El Moussa, with no real estate experience, attended a Mike Ferry seminar, sparking his real estate career.
He initially struggled but made $120,000 in 90 days by cold-calling expired listings and FSBOs.

ANECDOTE

Transition to Flipping

Tarek El Moussa, after experiencing the Great Recession and struggling with short sales, realized the potential profits in flipping.
This realization led him to transition from traditional real estate sales to becoming a real estate investor.

ANECDOTE

Landing a TV Show with No Experience

Despite lacking flipping experience and capital, Tarek secured a TV show on HGTV for 13 houses in 10 months.
His first flip became the pilot episode of "Flip or Flop."

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HGTV Star, Tarek El Moussa joins me today. Incredibly, he got into TV with no experience and no contacts. What a story!

Apartment and multifamily construction is staying heightened. Conversely, few new single-family homes are being built.

We’re now hiring at GRE.

Tarek hustles. His life took a turn when he attended a motivational Tom Ferry real estate seminar.

To flip a property, he began to identify distressed properties with expired listings. Today, he tells us why he actually targets pending listings for acquisitions.

When he got a show with HGTV, Tarek was only doing his first-ever flip. He also didn’t have the money to acquire distressed property for flips.

Tarek didn’t even know how to flip! But HGTV immediately wanted him to flip 13 houses in 10 months.

Tarek is best at finding and negotiating deals. He outsources other tasks.

He chose contractors that specialize in fix & flip renovations.

Tarek discovers them by looking at rehabbed property listings, calling the sales agent, and asking for the contractor’s name.

Long-term, we discuss being an active flipper vs. passive real estate investor.

Today, Tarek and his wife star in HGTV’s “The Flipping El Moussas”.

He also has a: real estate syndication, solar company, flipping summit, flipping course, and more.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/443

HGTV’s “The Flipping El Moussas”: