In a recent episode of "The Flipping El Moussas," Tarek El Moussa introduces his 8-year-old son Brayden to the world of home flipping by encouraging him to invest his allowance in a property renovation. Tarek previously engaged Brayden in a loan scenario, but now aims to make it a joint investment, highlighting the risks and potential rewards involved. While Brayden is skeptical and expresses concern over the possibility of losing money, Tarek views this as a valuable teaching moment about money management and real estate.
I'm going to have you give me some allowance money and then you're going to help your dad buy a house and we're going to flip it.
So, with the loan, I gave you a guarantee. With the house flip, there's no guarantee. So if we don't do a good job, you could lose money; but if we do a good job, you can make more money.
I love working with Brayden and teaching him how money works.
If I lose my money, I'm blaming it on you.
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