HGTV star Tarek El Moussa has revealed that he pockets $675,000 a month from his house flipping work.
El Moussa shared his financial success in an interview on the podcast “Trading Secrets,” where he promoted his new book “Flip Your Life.”
“Since I started in 2010, I’ve done right around a thousand deals, [including] flips and wholesales,” said El Moussa. “Probably a little bit more, actually. Right now, we are probably averaging in Southern California about 15 transactions a month, and we’re wholesaling. [With] those 15 transactions, our average profit per deal I think comes in at about $45,000.”
Us Weekly noted that those real estate earnings average around $675,000 every month.
El Moussa first came to prominence with the HGTV show “Flip or Flop” with his then-wife Christina Haack. After the couple’s divorce in 2018, El Moussa has hosted shows “Flipping 101” and “The Flipping El Moussas,” with his second wife Heather Rae joining him on the latter program.
“With the last few years, everything going on, I really got super hyper-focused,” El Moussa added. “We got lean — we’re better, we’re faster, we’re smarter than we’ve ever been. My sales team is only four people, and the person running the sales team is my lead salesperson. We’re all rowing in the same direction. They’re doubling income from last year.”
Photo courtesy of Tarek El Moussa’s Instagram page
