The recent headline in USA Today read, “‘Flip This House’ star accused of fraud and faking work on show.
What a great negative this could be for the “real deal” investors. I’ll explain what I mean at the end of this short article…
ATLANTA (AP) – On an episode of A&E’s popular reality series Flip This House, Atlanta businessman Sam Leccima sits in front of a run-down house and calls buying and selling real estate his passion.
Now authorities and legal filings claim that Leccima’s true passion was a series of scams that included faking the home renovations shown on the cable TV show and claiming to have sold houses he never owned.
“This is, indeed, a con artist,” said Sonya McGee, an Atlanta pharmaceutical representative who says Leccima took $4,000 from her in an investment scheme.
McGee and others say Leccima’s episodes of Flip This House, A&E’s most popular show, were elaborate hoaxes. His friends and family were presented as potential home buyers and “sold” signs were slapped in front of unsold houses. They say the home repairs – the lynchpin of the show – were actually quick or temporary patch jobs designed to look good on camera.
Leccima says he never claimed to own the homes. While not acknowledging his televised renovations were staged, he didn’t deny it and suggested that A&E and Departure Films, the production company that makes the show, knew exactly what he was doing.
Here we go again… MORE negative press about anything relating to real estate investors!
I always say, “There’s only one way to deal with problems… FACE THEM HEAD ON!
You’re a real estate investor that’s honest, truthful and don’t want to be compared to the “other” so-called real estate investors like Mr. Leccima. Good. You don’t have to be!