Big surprise (note the sarcasm): at least one of the “developers” on the popular A&E TV show called “Flip This House” is not at all what he claimed to be. Confirming longstanding speculation, a Fox TV affiliate has been investigating the Atlanta team and in a two part broadcast series concluded the “deals” featured on the show were complete fabrications. Turns out a lot of people are out thousands of dollars as a result of investing with the “star” of the show (including a youth minister who lost $100,000). And it’s also apparent that the profitable “flips” on the show were staged, not real. The Georgia Real Estate Commission even concluded in an earlier investigation that the star of the Atlanta team “does not bear a good reputation for honesty, trustworthiness, integrity and competence” as they revoked his real estate license after reviewing his real estate broker activities. A&E has finally taken these episodes off the air. Too bad they didn’t check these guys out before they put them on the air in the first place.
Discernment. Someone at A&E didn’t have it. How many people watching this show didn’t have it? We’re to be good stewards. Investing with smooth talking charlatans isn’t good stewardship. Be careful who you give your money to, and don’t believe everything you see on TV….even “reality TV” isn’t always real.
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