HGTV star Tarek El Moussa reveals son Brayden, 8, helps him in real estate business with 'hard money loans'
NEWPORT, CALIFORNIA: Tarek El Moussa took to Instagram on Sunday, September 3 to share an update about his 8-year-old son Brayden.
Tarek claims that his son helps him with real estate by giving him hard money loans for real estate projects.
He started the video by mocking his fans, "Did you know that my 7-year-old son knows more about real estate investing than you do."
The HGTV star then explained how he has taught his son the tricks of real estate.
Tarek said, "What I do is I take hard money loans from my kids for my real estate projects and typically they're $100-$200 and they're 6 month term with 100 per cent return on investment."
He added, "So, if they give me a loan of $100, after 6 months they get $200."
He then explained the twist in the story saying that if his son does not have the receipt of his hard money then he is not getting the money back.
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Tarek claimed, "If they don't have a signed contract from me, they're not getting money from me."
So he explained the contract to Brayden and what would happen if he lost it, to show him how important it was to keep the contract safe.
Indeed, Brayden now keeps the contract in his bedroom to keep it safe.
Tarek writes in the caption, "We’ve been teaching our kids about real estate and the importance of saving money since they were practically babies!"
He then claimed, "And I’m sure most of you can remember seeing that from the shows 😆 Both Taylor and Brayden have always loved learning about our jobs and we’ve made it a priority since day 1 to always involve them in our flips and teach them about real estate investing."
Speaking about Brayden's interest Tarek added, "Brayden has been showing a huge interest lately and he’s even a part of one of our current flips for Flipping El Moussas!"
Tarek then asked his fans, "Question for you! At what age did your kids start showing interest in your work and what’s your best approach at teaching them?"
Tarek El Moussa reveals son Brayden is 'nervous' as he joins new school
Brayden is now in the second grade. Tarek revealed that Brayden was "nervous" on the first day of school.
Tarek shared photos of Brayden saying, "Everyone said I was crazy a few weeks ago because I said summer was almost over and for Bray it is!! I can’t believe my big boy is 8 years old and in second grade."
He then talked about Brayden's feelings, "He was really nervous because he started a new school this year so we worked last night on fun stories for him to share at school and tips on creating new friendships. Yes lol, we study everything, especially if it helps the children!"
Tarek then asked for his fans' advice, "Any parents out there have advice I can share with Bray to have a positive adjustment to his new school? I’d appreciate it."
How much does Tarek El Moussa earn from real estate business?
Tarek has sold off most of his properties in California. Moreover, the star has invested money in Florida and Texas.
Net Worth Club reports Tarek to own 8 properties in Texas at a cost of $5M. And, the current market value of these properties is $14M.
Tarek's net worth as of 2023 is $60M. His monthly income sits somewhere around $520,000.
Who is Brayden El Moussa's mother?
Brayden's biological mom is Christina Haack who welcomed him with Tarek in 2015.
Even after the split, Tarek and Christina continued to co-parent the kids, Brayden and Taylor.
Tarek told People, "The kids are the most important thing." He added, "If Mom and Dad can't get along it affects the kids, so Mom and Dad better get along."
Why did HGTV stars Tarek El Moussa and Christina Haack split?
Tarek and Christina got divorced in May 2016. Later, in December they made their split public.
The main reason for the couple's separation was that they did not take enough time for each other.
Amid Tarek's cancer diagnosis, work stress, and raising children, neither had time for each other.
Most of the time, they ended up fighting. Therefore, the couple decided to separate amicably and continue to raise the children together.