'Flip or Flop' Star Tarek El Moussa: 7 Home-Buying Mistakes

The summer real estate market got off on the wrong foot with the latest data from the U.S. Department of Commerce showing that housing starts and building permits fell to a nine-month low last month.

As housing supply diminishes, buyers are forced to exercise more due diligence in selecting a home, which “Flip or Flop” television show star Tarek El Moussa knows all too well–but unfortunately, not at the time when he bought his first home.

Related: Leveraging Up The Real Estate Trade

El Moussa revealed to Realtor.com that during the nascent stages of his real estate investing career at age 21, he was eyeing a California home that would serve as the ideal bachelor pad. Unfortunately, as his emotions welled up in excitement, his common sense began to diminish.