464: How HGTV’s Heather Rae and Tarek El Moussa Flipped Over 1,000 Houses

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 1 November 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

HGTV’s Heather and Tarek El Moussa have built an empire that any entrepreneur would be jealous of. They’ve collectively flipped over a thousand homes, started syndications with tens of millions of dollars invested, have a TV show that rakes in money for them to flip more houses, AND they do it all while raising a family. And while they’ve created the life they’ve always dreamed of, some unintended side effects have recently emerged that make things less-than-glamorous. We’ll touch on the recent “drama” in today’s episode, but before we do, Heather and Tarek break down precisely what they did to build the business they own today. And if you’ve ever thought of flipping houses before, Tarek gives invaluable advice on finding deals, hiring (and firing) contractors, why he’s spending more money than EVER before on renovations, and how you too can build a multi-million dollar house flipping business. But that’s not all. After a recent slew of negative press, Tarek finally breaks the silence on a recent deal gone wrong and gives the story none of the news outlets would share on how he’s handling a barrage of tenant complaints, online harassment, and even death threats. In This Episode We Cover How the El Moussas flipped over one THOUSAND homes across California Finding house flipping deals and how to see the “potential” in a hideous home Wholesaling real estate and why Tarek was forced to stop flipping Why Tarek sees “rough times” ahead and how YOU must pivot if you invest On-air “drama,” how much of it is real and raw, and the effects it has on Heather and Tarek Tarek’s recent deal gone wrong and how he’s doing everything he can to make it right And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Hear Tarek on the “BiggerPockets Real Estate” Podcast Flipping Houses: How to Get Started and Everything You Should Know Click here to check the full show notes: https://www.biggerpockets.com/blog/money-464 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast where I interview Taric and Heather El Musa from the Flipping El Musas,
0:07.0	you may have heard of this fantastic HGTV show.
0:10.0	Hello, hello, hello, my name is Scott Trench and I am solo today.
0:14.0	We're bringing you a very special bonus episode of the Bigger Pockets Money Podcast.
0:18.0	It's for those of you who didn't attend BPCon and we had an amazing fireside chat with Taric and Heather.
0:23.0	And we decided to record the rehearsal of this chat and bring it to you here on the show.
0:28.0	We're going to cover everything from how Taric and Heather started, how their businesses function,
0:32.0	being HGTV and Netflix stars, and the advice they would give investors today.
0:37.0	And what I really appreciated the most about getting a chance to talk with Taric and Heather is not just their obviously,
0:43.0	you know, superstardom and the incredible businesses they've built in the media space.
0:48.0	But the really large scale business operation that's going on across wholesaling,
0:54.0	fixing flip, rentals and now syndications in the real estate space and sophisticated machine they've built.
0:59.0	So big privilege to talk to them today.
1:02.0	All right, I am here to make financial independence less scary, less just for somebody else to introduce you to every money story
1:11.0	because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting.
1:16.0	Whether you want to retire early and travel the world, go on to make big time investments and assets like real estate,
1:21.0	start your own business or understand the realities and the nuts and bolts of a large scale real estate business,
1:27.0	brought to you by super famous HGTV stars will help you reach your financial goals and get money out of the way.
1:33.0	So you can launch yourself towards your dreams.
1:36.0	All right, next up we have the money moment.
1:38.0	Today's money moment is more of a bigger pockets plug.
1:41.0	Want to feel inspired and learn from the best?
	...

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