Ex-HGTV star and Silicon Valley house flipper sentenced in real estate fraud case
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Published 2024-04-17
#realestate #fraud #scam #houseflipper #abc7news
All Comments (21)
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What kind of news is that you don't even show the guy's face
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they don't sentence people to 4 years in county jail, anything over a year is prison, you should know that being journalist!
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People don't serve 4 years in jail.
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As a recently retired home inspector for 33 years I refused to inspect flip homes because the vast majority of flips are a guaranteed lawsuit because of minimal at best workmanship and CHEAP materials. You can’t make a silk purse out of a pigs ear.
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Post his picture 🤦🏽♀️
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TV isn't realistic...let that sink in viewers
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No one in their right mind would buy a home in Silicon Valley right now.
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Perfect opportunity to do the sequel: HGTV: New home - In Jail. Flip it to Dip it!!! ;)!!!
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I've flipped over 700 homes in the last 30 years and the margins are much less than people believe them to be. However, I have a business partner who holds all licenses (electrical, plumbing, mechanical, MHIC), we get all permits churn out really well renovated properties that are better than when new. We are experts at scheduling crews and managing materials because those are two things that can really wreck a project. It's hard to understand why so many try to cheat the system, cheat the banks, but I've seen it many times over the years. They get in over their heads and think they'll make it up on the next one, but that's a slippery slope and few ever get back on track.
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Greed, greed never changes…..
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Flipping homes to generate a fast profit is hit and miss! Even veteran remodeling contractors avoid this type of venture for themselves.😂
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You can’t get sentenced to 4 years in county jail. Prison is for sentences longer that a year. County jail is for pre-trial confinement (folks who don’t bail out) and misdemeanors - generally misdemeanors top out at one year confinement..different states have different rules.
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I'm surprised Armando Montenegro isn't in jail yet.
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There is a DA in some city who did this same thing with federal grant money. Federal grant money actually gets misappropriated all of the time.
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😂 now do that to every "House flipper" and you'll realize that they all do this
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This report has problems. If he had a 4 year sentence, he cannot serve it in county jail. By CA law, he must serve it in a state prison.
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Never heard of the guy,
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that nothing, go after insurance companies those are the real crook's.
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Good luck with seeing that 10 million dollars 😂😂😂
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You need to question your own intelligence if you watch HGTV, let alone falling for the talking heads' scams.