With flipping returns at a 7-year low, Tarek El Moussa, from HGTV’s “Flip or Flop” recently joined CNBC’s Power Lunch to discuss the state of flipping houses and the real estate market. During the interview he discussed the current housing market as well as revealing the most flips he had going on at any one time – a head-spinning 74. Interestingly, he said that flipping is getting a lot harder with increased home prices and emphasized that you make your money with the purchase price, not on the sale. No word on what co-host and ex-wife Christina thought about the market. Indeed…
Click here to watch on CNBC.com.
