HGTV's home flipping star Tarek El Moussa moving HQ to Scottsdale, buying second home – The Business Journals

Tarek El Moussa, the star of a HGTV home flipping series, launched a solar company in January and plans to set up headquarters in Scottsdale.
“We are partners in Soar Energy,” said El Moussa, the star of HGTV’s hit shows “Flipping 101 w/ Tarek El Moussa,” “Flip or Flop” and the newly premiered HGTV docuseries “The Flipping El Moussas,” featuring him and his wife Heather.
“We launched the company in January and broke the industry record for the most systems sold in the first month of business,” he said, adding that the solar systems are for individual homes.
“We are most likely going to be moving the headquarters of Soar Energy to Scottsdale in a couple of months,” El Moussa said. “There’s a good chance Heather and I are getting a second home in the Scottsdale area.”
Whether the real estate power couple will buy an old fixer-upper and renovate it is yet to be seen.
“We’ll either buy a bad fixer-upper or a brand new gorgeous move-in ready house,” he said. “Nothing in between.”
As Soar Energy was born in January, so was their son Triston Jay.
Tarek, who has flipped more than 1,000 houses and has a rental portfolio of more than 200 properties, also plans to break ground on a 200,000-square-foot self-storage facility in Surprise.
“We’re still talking to investors on these projects,” he said, through his private equity investment firm TEM Capital.
Tarek’s HomeSchooled by Tarek El Moussa firm is hosting a real estate investment conference at Adero Scottsdale Resort on April 28-29.
Also presenting at The Flipping Summit will be his wife Heather El Moussa, Jamil Damji, Pace Morby and Mary Fitzgerald Bonnet and Romain Bonnet, both from the Netflix reality show “Selling Sunset.” They will be leading multiple coaching sessions sharing their knowledge about the industry and secrets to their investment strategies.
“For example, Jamil is the wholesaling expert and Pace is the seller-carry expert,” El Moussa said.
The conference won’t just focus on flipping properties, he said, but will offer tips on real estate investing in general for new or experienced investors.
El Moussa said he currently has about 200 people signed up, but it will be capped at 300.
“This is my very first flipping summit,” he said. “I’ve done smaller things in the past but with the pandemic over, I’m ready to get back to in-person learning.”
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