Veteran house flipper Tarek El Moussa has hopeful words for anyone feeling nervous about the state of real estate.
The HGTV star appeared on a series of news programs including “News Nation,” “Bloomberg” and “Fox & Friends” this month while promoting a new season of his “Flipping 101” series on HGTV.
“I think it’s a huge opportunity for buyers in the next 12 to 18 months,” said the house flipper an appearance on “Fox & Friends,” April 1.
“I do not see a crash coming.”
El Moussa says instead, he thinks 2025 will be great for buyers, with one exception.
In an interview with “Realtor.com,” Tarek said first-time home buyers and builders are going to have a tough time with new tariffs.
“The costs are going up, and really, who it’s going to hurt: new-home builders, first-time buyers. Luxury buyers, it’s not really going to affect them. They’re luxury buyers, right? First-time homebuyers, they’re usually strapped for cash, and with the prices and the high rates, they’re doing everything they can just to buy a house,” says El Moussa.
Tarek El Moussa Draws On His Experience for New Season of ‘Flipping 101’
Tarek El Moussa has been flipping houses since 2010.
According to “SF Gate,” when El Moussa got started, he paid about $280,000 for a house. He’d then put roughly $120,000 into fixing it up. Then he’d sell it for somewhere in the neighborhood of $550,000, landing him a profit of $150,000.
But those days are over. “That same house today that I paid $280,000, I would probably have to pay $1 million. To fix it up today would probably cost me $400,000,” El Moussa told “Realtor.com.”
Now El Moussa is using what he’s learned about the changing real estate market to help first-time flippers in another season of “Flipping 101.”
Season three of the series just debuted April 3 on HGTV. According to a press release, this season will feature 11 episodes with Tarek teaching “novice renovators how to turn a profit and avoid the pitfalls most flipping newcomers face.”
Tarek El Moussa Continues to Expand His Real Estate Empire
“Flipping 101” is just one of El Moussa’s HGTV shows. He also stars in “The Flipping El Moussas” with wife Heather Rae El Moussa. And he and his wife recently took on his ex-wife Christina Haack in a competition show called “The Flip Off.”
But El Moussa isn’t purely focused on television. He continues to expand his real estate empire, buying up properties not just in California, but also in Florida, Arizona, and even Arkansas, according to “Realtor.com.”
El Moussa has been promoting his new real estate investing firm TEM Capital on his Instagram account, mixed in with posts about his HGTV shows. In one post about his business, he describes it this way: “I help accredited investors build passive income and buy real estate with me without the day-to-day grind.”
“Right now, when people are pulling back, we’re scaling,” El Moussa told “Realtor.com.” “So we’re going into new markets. We’re looking to grow, we’re building.”
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Tarek El Moussa Weighs In on the Real Estate Market’s Future