Tarek El Moussa Net Worth
Flip of Flop star Tarek El Moussa is making quick buck on flipping houses. He and his wife Christina El Moussa have their own reality TV show and besides earning money in real estate, they have also a salary from TV stations. It’s a pretty fat paycheck but they don’t use it as a part of their balance when purchasing real estate to make the show as realistic as possible. Tarek El Moussa has a joint net worth of approximately $3 million with his wife as of 2015.
Tarek and Christina both were originally making their living as real estate brokers but the recent financial crisis forced them out of their comfort zone and they started with short-term investing in foreclosed houses. Or at least that’s the narrative of the show. They buy the house, usually completely rebuild, stage it to look as nice as possible and try to sell it fast.
Their salary per episode is $10,000. But if the number on the show are real, they make much more money from property flipping itself. Tarek usually takes care of contractors while his wife focuses on decorating. They complement each other in a great way. So far most of their purchases were sold with fat profit.
The biggest threat they are facing in their business is when purchased house or apartment can’t be sold for a long period of time and they end up with most of their net worth tied in it. Lot of their purchases are “all or nothing” risky type of business.
