A Cautionary Tale of Doing Business in Hollywood

A Busted Daily Exclusive!

In 2004, Charleston-based real estate developer Richard C. Davis had an idea for a reality show based on his experience "flipping" houses.  He and his company, Trademark Properties, produced a pilot called "Worst to First" which they brought to A&E Television Networks.  A&E not only picked up his show, renaming it "Flip This House!" – they cast him and his co-workers to star in the first season, which proved to be a hit.  Based on a handshake-deal, Davis says his company invested millions of dollars to purchase and renovate the homes featured in the show.

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