Realty411 - Your Source for Real Estate Investment Information CashFlow Express - Featuring HGTV's Flip or Flop!
Ca$hFlow
EXPRESS
Vol. 2, No. 3, 2015
Passive Income for Today & Tomorrow
PRICELESS
TV’s Favorite Fix & Flip Family
Tarek & Christina from HGTV’s “Flip Or Flop”
Exclusive by Tim Houghten
Unconventional advice from
Tarek El Moussa on being on
top versus having a flip flop.
S
cooping a few minutes with
the busy star of HGTV’s “Flip
or Flop” reality show, Tarek
El Moussa, we managed to get his
latest tips on what it takes to stay on
top in California’s hot housing market. It’s not what you would expect…
Flip or Flop
Tarek and Christina El Moussa
are the celebrity house flippers on
HGTV’s hit show “Flip or Flop.” The
Orange County, Calif., real estate
power couple are rapidly becoming
some of the best known personalities
in the business.
Having been in for the ride since before the last bubble burst, these two
real estate pros bring a fresh and raw
perspective on what it really takes to
win in one of the hottest markets in
the country, no matter what wrenches
are thrown in the works.
Real Estate can be a
White-Knuckle Ride
In our exclusive interview with Tarek
El Moussa we discover some of the
unconventional, atypical advice and
tactics it takes to succeed behind the
scenes.
If anyone should know what it
takes, it is Tarek and Christina. Press
coverage of the OC couple’s new Flip
Advantage Education seminar series
reveals that when the market flopped
Tarek went from selling multi-million dollar California mansions like
hotcakes to trading his Benz for a
Honda, and a $6,000 per month mortgage payment for sharing a $700 per
Randy Reiff, CEO of FirstKey Lending
Tarek and Christina El Moussa, from HGTV’s “Flip or Flop” embrace their daughter, Taylor Reese El Moussa.
For two long years Tarek admits “it was a struggle to pay
the bills.” In 2007, El Moussa recalls “putting in 12-hour
days with no paycheck coming in for about 4 months.”
month apartment.
For two long years Tarek admits
“it was a struggle to pay the bills.”
In 2007, El Moussa recalls “putting in
12-hour days with no paycheck coming in for about 4 months.”
This may not be a level of transparency that most real estate gurus are
comfortable with, but it is this level
of authenticity that is needed to impress upon newcomers what it really
takes to win in real estate year after
year.
So how did Tarek manage to beat
the worst recession and housing
crunch most of us have lived through,
and how is he making sure he is never
forced to downsize again?
What do Tarek and Mark
Cuban Have in Common?
While in the past El Moussa has said
there is an element of stepping out and
being willing to take risks to achieve
rewards in flipping houses, he tells
me that what got him through the dip
was “I refuse to fail,” and commit-
ting to “outwork and out-study” the
competition.
This echoes of recent Mark Cuban
remarks that success isn’t about who
you know or how much you have to
start with, but your willingness to go
the extra mile.
Being a big advocate of education, how does Tarek recommend investors beef up their knowledge and
expertise? “Seminars, books, magazines, and attending investor clubs.”
Continued on pg. 8
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