Pete de Best
Co-Founder & Managing Member
Tarek Buys Houses LLC
Pete de Best is the co-founder and operating manager of Next Level Property Investments, LLC (NLPI), a California based real estate investment company that was created to acquire, rehab and sell residential properties across the United States. Pete’s business partner, Tarek El Moussa, is the co-star of HGTV’s hit TV show Flip or Flop
. Flip or Flop
is currently in its eighth season and is the #1 rated home flipping show on TV. Many of the houses purchased by NLPI have been featured on the show. Created in the aftermath of one of the largest real estate market crashes, NLPI’s primary focus was to acquire distressed housing (short sales and foreclosures) at significant discount, remodel and sell for a profit. The company has acquired hundreds of properties since 2010, most of which were sold for substantial gains. In an effort to create consistent cash flows despite whether or not opportunities existed to flip homes, NLPI started acquiring rental properties in 2013. The current focus of NLPI is solely the acquisition of rental properties.
In 2017, Pete and Tarek co-founded the company Tarek Buys Houses, LLC (TBH). TBH was created separately from NLPI as a “celebrity” branded home acquisition company in hopes to differentiate itself from the growing competition in the house flipping space. TBH currently only acquires properties for resale and wholesale and not for long term rental.
In addition to his roles at NLPI and TBH, Pete is also the president of US Lending Network, Inc., a mortgage brokerage that has funded nearly $2 billion dollars in residential home loans.
Pete de Best was born in Anaheim, California. He received a degree in Finance, Real Estate and Law from Cal Poly Pomona in 1996. He is currently married with two children and resides in Yorba Linda, California.