These are people who don’t have the resources to fix up their houses and get them ready to sell in a traditional manner, so they sometimes sell them to these firms for under-market value. Tarek Buys Houses: There are a number of companies across the United States that offer to buy homes from sellers who need to unload their property fast, as they may be in dire need of funds.The firm’s website says that “eXp is one of the world’s fastest-growing real estate brokerages,” and the focus seems to be on content creation and digital marketing. The Agentcy/eXp Realty: eXp Realty is a modern-seeming real estate agency, while The Agentcy is a separate but incredibly connected company that aims to bring agents into the eXp Realty fold.The HGTV star is involved with or runs all of the following businesses: What the star earns from these ventures isn’t publicly available, but with so many different offerings out in the marketplace, El Moussa has extended his brand in several different directions.
Business VenturesĮl Moussa hasn’t just brought his flipping talents to the small screen, he’s managed to create a real estate conglomerate, launching a number of businesses that rely on his celebrity and know-how in the industry for success. Her net worth is reportedly $3 million, and though it isn’t clear what they’re getting paid for the show, it will likely add to their bottom line. In March 2023, The Flipping El Moussas premieres on HGTV, starring Tarek and his Heather.
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In addition to Flip or Flop and Flipping 101 with Tarek El Moussa, the renovator, real estate titan, and TV personality has also starred in the shows Flip or Flop Follow-Up, Tarek’s Flip Side, and Tarek & Heather: The Big I Do. Flipping 101 with Tarek El Moussa premiered in 2020, and he was reportedly paid $50,000 per episode for his solo program, per Reality Tidbit. Apparently, by Season 3, their salary was raised to $40,000 per episode or more than half a million dollars per season.īefore Flip or Flop wrapped in March 2022, El Moussa had already secured his next show, which didn’t feature his ex-partner. With 13 episodes featured in that initial run, the pair took home around $130,000, but that was to be just a taste of what was to come. Flipping Homes & Real EstateĮl Moussa and his then-wife Haack were reportedly paid $10,000 per episode for the first season of Flip or Flop, which aired in 2013. 3 Ways Tarek El Moussa Makes His Money 1.
Read on to learn more about how El Moussa got his start and learn all about the vast real estate empire he’s built on his way to amassing a multimillion-dollar net worth. The show is expected to follow the family while they renovate homes, along with the anticipation of their baby on the way.Įl Moussa has also created several businesses, and he remains incredibly busy, adding major money to his bottom line. Now, he and his wife Heather Rae Young are flipping houses together in their own 2023 reality show The Flipping El Moussas. Since premiering in 2013, the show has produced 10 seasons, and both Haack and El Moussa (who are no longer married) have gone on to star in their own programs. After he caught the eye of reality TV producers and HGTV executives, he and Haack launched Flip or Flop, which became a fast favorite among the channel’s viewers. The couple also reportedly couldn’t afford two Subway sandwiches and had to share the $5 foot-long instead.Īround that time, El Moussa began flipping houses, and that would go on to become not just a moneymaker for him but the activity that turned him into a star. He and his then-wife, Christina Haack traded their $6,000-per-month mortgage for a $700-per-month rent payment (and even had a roommate). Once the recession of 2008 hit, that industry shrunk, as many people didn’t have the money to purchase new property, while others were losing them as they couldn’t pay their mortgages.
Two decades ago, Tarek El Moussa got his start in the real estate business when he was in his early 20s.
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