Tarek El Moussa Says He Was Broke After Buying His First Home That He Couldn't Even Afford Furniture
Photo credit: HGTV / Tarek El Moussa / Instagram
Nice from the house
In 2010, Tarek El Moussa posted a pitch video on HGTV for a new show in which he and his then-wife Christina bought, repaired, and re-launched dilapidated homes at a higher price. The fun part was that while El Moussa had been busy with renovations, he had never "flipped" a profitable home before. When HGTV loved his idea, he learned quickly - and Flip or Flop was born.
Scroll to continue with the content
Microsoft and Redis
Meet the fast and fully managed in-memory data store.
Don't miss the opportunity to hear the unique perspectives from Microsoft and partner specialists and learn more about Azure Cache for Redis.
To date, the 39-year-old has turned over 300 houses. Aside from Flip or Flop (which will return for the 10th time in 2021!), El Moussa is also the star of HGTV's Flipping 101, where he teaches beginners the basics of renovating a home for a profit. He has also started a commercial real estate company, TEM Investments, as well as his own real estate seminar program, Homemade Investor.
It's safe to say that El Moussa now knows a lot about houses, but it hasn't always been that way. We've looked a little bit at Tarek El Moussa's previous properties - from the first place he bought in his early twenties to his current home, which he's in the process of renovating as we speak. Let's take a look at every real estate Tarek El Moussa has ever owned.
His $ 800,000 Bachelor Pad
In 2002, Tarek El Moussa officially became a homeowner at the age of 21. In a post he wrote as a guest for Realtor.com, he described the first place he'd ever bought with his own money (or rather, the bank's money).
"It was the perfect bachelorette pad - 1,400 square feet, a huge master bedroom, a man's cave to myself, and the coolest of them all, a 300-gallon shark tank (may I remind you I was 21 then?)" , He wrote .
The catch was that the price of the house was over $ 800,000 and he had a budget of $ 400,000. However, he did not give in and instead took out a $ 800,000 loan and moved in. "I was very, very broke. Without money for furniture, I lived in an empty house for almost nine months," he wrote of the house, which he described as a "catastrophic mistake".
In the next few years he would meet his wife Christina in a real estate office. In the end he would sell his man cave and move into an apartment with her. While it is unknown what year they started dating, it was before 2008 when they announced they were living together in a pre-recession apartment on a $ 6,000 monthly mortgage.
When the recession hit, they reduced their rent to $ 700 a month (with a roommate) and sold their luxury cars for more modest ones. According to the Orange County Register, they also lived on shared subway footpaths. After they got married in 2009, things started looking for them.
His family home with Christina Anstead
"I still remember my first house flip: It was May 2010 when Christina was five months pregnant," wrote El Moussa on Realtor.com. As it turned out, that first flip was their ticket to success. "While we were renovating this house, we had a home video made, and I got the crazy idea of sending it to production companies to see if it could be turned into a reality TV show," he continued.
Photo credit: Realtor.com
After landing their own show landed, which we know today as Flip or Flop, the couple also (finally!) Had enough money to invest in a house. In 2013, they bought the six bedroom home on Trotter Ln 19917 in Yorba Linda, California, where they would continue to expand their family and career at HGTV.
Photo credit: HGTV
According to Realtor.com, they bought the property on December 30, 2013 for $ 2 million. While they lived there, they donated an additional $ 1.5 million to turn the back yard of the home into an island oasis with a dining area, pool, and fire pit.
Unfortunately, El Moussa and Anstead announced they would divorce in late 2016. Her former family home was sold for $ 2.925 million in 2018.
His yacht "Bad Decisions"
Okay, technically this isn't one of El Moussa's homes. After parting with Anstead, he spent a lot of time at sea with his 50-foot Sea Ray Sundancer 510. The luxury yacht, which cost just under $ 1 million, has two bedrooms and bathrooms. While he originally named it "Flip or Flop" after their hit HGTV show, he eventually renamed it something apt: "Bad Decisions," as he told People in 2017.
Ultimately, however, this purchase brought him some luck. The single dad of two met his current fiancée, Heather Rae Young, on July 4, 2019 while out on Bad Decisions. He spotted her aboard a neighboring yacht and decided to (literally) jump ship to meet her.
His single dad pad
On land, El Moussa moved to a four-bedroom home in Costa Mesa, California, just blocks from Anstead's new home after the split. This made it a lot easier to share custody of their two children, Taylor and Brayden El Moussa.
The four bedroom, 3.5 bath villa cost him $ 2,280,000. The single father decorated it in bold colors and looked more masculine than the last house he owned at Anstead. When he started dating Young, they moved in together within a week. However, her time was split between living in this house and her apartment in West Hollywood, CA.
Its "in between" rental
After nine months of dating, Young and El Moussa sold their respective places and moved into an apartment in Newport Beach, CA. The 3,700-square-foot home has five bedrooms and five bathrooms. He currently lives here with Young and his children when they are not with their mother.
In June El Moussa announced that "this will be our house in between until we build or find the perfect house". In a video tour of the house, he showed how family-friendly this new pad was. The family room is furnished with armchairs that the children can swivel on and a couch in front of a TV over a large fireplace. In the area in front of the fireplace, he made sure he got tables with wheels so he could roll them out of the way to make room for wrestling with his children. The house has a garden where the children can play and a pool.
His home soon
Last September, El Moussa and Young officially owned their very first home, also in Newport Beach, California. While buying a home for a future gentleman and wife is not uncommon, this purchase was actually not planned. As a representative of the couple previously told People, "Tarek originally bought it as a Flip, but then they decided to make it their new home."
Apart from that, the couple are currently renovating the house together - although there is no schedule as to when they will actually move in. Not to mention, they had a major catch in the renovation process after the house was flooded last month. "We had to rip out the ceiling, the kitchen, and the laundry room floor ... and a few other things," Young said on an Instagram story. It also revealed that the roof was gone.
Follow House Beautiful on Instagram.
You might like it too
7 Secrets HomeGoods Employees Won't Tell You
19 Closet Organization Ideas You Want To Steal Right Away
15 styling tricks that can make a small living room seem bigger than it is
You should check here to buy the best price guaranteed products.
Dog the Bounty Hunter Shows Up at Brian Laundrie's Family Home Where He and Gabby Petito Lived
Former Education secretary Betsy DeVos says the GOP movement is not 'dependent on any one person,' without naming Trump
A Black Google employee said he was 'escorted' off the campus by security because they didn't 'believe' he worked there, report says
Homeland Security Chief Alejandro Mayorkas Tells ‘Fox News Sunday’ 12,000 Haitian Migrants Released Into US
‘Game of Thrones’ Actor Is Unrecognizable in First Look of His ‘The Witcher’ Season 2 Character (Photo)
Reactions after Arsenal claim derby win v. Spurs