464: How HGTV’s Heather Rae and Tarek El Moussa Flipped Over 1,000 Houses

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Nov 1, 2023

Guests Heather and Tarek El Moussa, entrepreneurs who have flipped over 1,000 homes, discuss their journey, advice for investors, and their experiences as real estate stars. They share insights on finding house flipping deals, wholesaling real estate, and why Tarek sees 'rough times' ahead for investors. They also reveal the story behind a recent deal gone wrong, handling tenant complaints, online harassment, and death threats.

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ANECDOTE

Tarek's Flipping Journey

Tarek El Moussa started flipping houses in 2010 after realizing he was on the wrong side of the real estate equation.
During his first flip, he got the idea for a TV show and flipped over 13 houses in 10 months despite lacking experience and funds.

INSIGHT

Core Business and Design

The El Moussas' core business is flipping houses in Southern California, typically ranging from $500,000 to $1.5 million.
They prioritize ROI and profit, even incorporating Heather's luxury design background for higher returns.

ADVICE

Market-Dependent Flipping Strategy

When market prices are rising, focus on more expensive flips for higher profit potential.
In stable or declining markets, prioritize lower-priced homes for quicker turnaround and reduced risk.

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HGTV’s Heather and Tarek El Moussa have built an empire that any entrepreneur would be jealous of. They’ve collectively flipped over a thousand homes, started syndications with tens of millions of dollars invested, have a TV show that rakes in money for them to flip more houses, AND they do it all while raising a family. And while they’ve created the life they’ve always dreamed of, some unintended side effects have recently emerged that make things less-than-glamorous.

We’ll touch on the recent “drama” in today’s episode, but before we do, Heather and Tarek break down precisely what they did to build the business they own today. And if you’ve ever thought of flipping houses before, Tarek gives invaluable advice on finding deals, hiring (and firing) contractors, why he’s spending more money than EVER before on renovations, and how you too can build a multi-million dollar house flipping business.

But that’s not all. After a recent slew of negative press, Tarek finally breaks the silence on a recent deal gone wrong and gives the story none of the news outlets would share on how he’s handling a barrage of tenant complaints, online harassment, and even death threats.

In This Episode We Cover

How the El Moussas flipped over one THOUSAND homes across California

Finding house flipping deals and how to see the “potential” in a hideous home

Wholesaling real estate and why Tarek was forced to stop flipping

Why Tarek sees “rough times” ahead and how YOU must pivot if you invest

On-air “drama,” how much of it is real and raw, and the effects it has on Heather and Tarek

Tarek’s recent deal gone wrong and how he’s doing everything he can to make it right

And So Much More!

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Flipping Houses: How to Get Started and Everything You Should Know

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