443: Star of HGTV Flipping Shows, Tarek El Moussa
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 3 April 2023
⏱️ 44 minutes
🧾️ Download transcript
Summary
HGTV Star, Tarek El Moussa joins me today. Incredibly, he got into TV with no experience and no contacts. What a story!
Apartment and multifamily construction is staying heightened. Conversely, few new single-family homes are being built.
We're now hiring at GRE.
Tarek hustles. His life took a turn when he attended a motivational Tom Ferry real estate seminar.
To flip a property, he began to identify distressed properties with expired listings. Today, he tells us why he actually targets pending listings for acquisitions.
When he got a show with HGTV, Tarek was only doing his first-ever flip. He also didn't have the money to acquire distressed property for flips.
Tarek didn't even know how to flip! But HGTV immediately wanted him to flip 13 houses in 10 months.
Tarek is best at finding and negotiating deals. He outsources other tasks.
He chose contractors that specialize in fix & flip renovations.
Tarek discovers them by looking at rehabbed property listings, calling the sales agent, and asking for the contractor's name.
Long-term, we discuss being an active flipper vs. passive real estate investor.
Today, Tarek and his wife star in HGTV's "The Flipping El Moussas".
He also has a: real estate syndication, solar company, flipping summit, flipping course, and more.
Resources mentioned:
Show Notes:
HGTV's "The Flipping El Moussas":
www.hgtv.com/shows/the-flipping-el-moussas
Homeschooled by Tarek: www.HomeSchooledByTarek.com
TEM Capital: https://temcapital.co
The Flipping Summit: www.theflippingsummit.com/home-page-1
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
Memphis & Little Rock property that
cash flows from Day One:
Find cash-flowing Jacksonville property at:
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. The star of the most popular house flipping TV show in history is here today. |
| 0:07.9 | How did he do it when he had zero television experience and very little flipping experience and no connections either? |
| 0:15.1 | His amazing story of perseverance is going to motivate you after a short housing market update and an opportunity for you to work here at GRE all today on get rich education. |
| 0:28.5 | With JWB real estate capital, Jacksonville real estate has outperformed the stock market by 44% over the last 20 years. |
| 0:36.8 | It's proven to be a more stable asset, especially during |
| 0:39.9 | recessions. Their vertically integrated strategy has led to 79% more home price appreciation |
| 0:45.7 | compared to the average Jacksonville investors since 2013. JWB is ready to help your money |
| 0:52.3 | make money and to make it easy for everyday investors get started at JWB is ready to help your money make money and to make it easy for everyday investors, get |
| 0:56.0 | started at JWB Real Estate.com slash gRE. |
| 1:00.8 | That's JWB Real Estate.com slash gRE. |
| 1:07.0 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:13.6 | This is Get Rich Education. Welcome to GRE from Beverly, Massachusetts to Beverly Hills, California, and across |
| 1:34.2 | 180 nations worldwide, we're doing the right thing before we do things right. |
| 1:40.1 | This is Get Rich Education. |
| 1:41.5 | I'm your host Keith Weinhold. |
| 1:42.7 | Before we talk with HGTV's, Tarek Al-Musa, |
| 1:45.7 | apartment and multifamily housing construction continued its near 40-year high trend, with 620,000 units |
| 1:54.8 | started back in February. With all this active construction, plenty of empty units are going to be |
| 2:00.1 | hitting the market throughout this year and next year. empty units are going to be hitting the market throughout |
| 2:01.1 | this year and next year. And you know, at least in the apartment building world, that new |
| 2:07.8 | construction, what it should do is continue to calm down these big apartment rent increases |
| 2:13.3 | that we've seen the past couple years. And you know what? That right there is a preferred way to |
... |
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