Tarek El Moussa is a host on Flip or Flop. He received his real estate license when he was 21 years old and quickly made a name for himself in Orange County, Calif. At the height of the housing boom, he was selling multi-million dollar mansions like hotcakes, but when the housing bubble burst, his empire came crashing down and he had to determine another way to pursue his real estate passion.

Tarek has carved out a new niche for himself in the world of real estate: flipping distressed properties. He buys foreclosures, short sales and REOs for cash but, as Tarek would say, "No Risk, No Reward!"