When the 2007 recession caused the housing bubble to burst, he and then-wifeChristina Ansteadturned to “flipping.”
That is, buying houses at foreclosure auctions, fixing them up, and selling them at a profit.
There’smuchto learn about El Moussa’s first solitary series, so you’ll want to read on.
One thing that surprised him while filmingFlipping 101was how many of the aspiring flippers ignored his sage wisdom.
“I love coaching,” said El Moussa.
“There was definitely a lot of real stress going on,” he admitted.
“Physically, spiritually, mentally, I was so broken,” he admitted.
“I just never really thought I would open up to someone again.
I never thought I would be vulnerable again.”
Yet he managed to find love once more and he’s bringing it to the screen.
“We were both excited and nervous but we had a blast!!
She was so cute on camera I couldn’t stop smiling!”
“Going into this thing, I wasn’t too sure about it,” he said.
“I was like, ‘Is it going to be too boring?'”
“I’m standing there like, ‘Is this for real?’
I was waiting for Ashton Kutcher to come out and punk me.”
Since the company pays sellers in cash, they’re “able to close quickly.”
The key benefit for sellers, says the site, is the speed of the transaction.
Is HGTV’s Flipping 101 w/ Tarek El Moussa replacing Flip or Flop?
“We’re just taking it season by season,” El Moussa told theNew York PostofFlip or Flop.
Perhaps his most important tip is to keep an eye out for bargains.
As such, things can go drastically wrong in a heartbeat.
“So what happens when your flip almost burns down,” he wrote in the caption.
“Okay lol this isn’t one of my properties.
This is one of the flips from my new series,Flipping 101.”
Then, it’s TV gold!
“It’s my business, my career.
“How could I not be?
“Now I embrace the fact that people know all about me,” he explained.
“I’ve absolutely changed a lot,” the star of HGTV’sFlipping 101 w/ Tarek El Moussaexplained.
“How I think, how I feel, my mindset, my thoughts on things.
I’ve completely rebuilt myself and it’s a very, very good feeling.”
“That money is coming out of my profit.”
So I’m a big believer in buying income-producing assets.”
