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Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme

Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A social media influencer who provided financial advice to over a million followers has pleaded guilty to wire fraud and aiding in a false tax filing in connection to defrauding investors out of more than $11 million. Tyler Bossetti, of Columbus, Ohio, Bossetti used...
Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Belwood Investments, a fractional luxury real estate investing app, announced its acquisition of a residence in Palm Springs, California, with plans to renovate and flip the house within six months. Belwood Investments said it was raising $250,000 from investors to...
Colorado House Flipper Indicted on 11 Counts of Securities Fraud

Colorado House Flipper Indicted on 11 Counts of Securities Fraud

by Phil Hall | Jun 11, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Colorado house flipper was indicted by a grand jury on 11 counts of securities fraud. According to the charges brought against him, Mack Jamie Sprouse solicited approximately $4.8 million from at least 80 investors in his house-flipping business, Urban Veneer...
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping

HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping

by Phil Hall | Apr 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

HGTV star Tarek El Moussa has revealed that he pockets $675,000 a month from his house flipping work. El Moussa shared his financial success in an interview on the podcast “Trading Secrets,” where he promoted his new book “Flip Your Life.” “Since I started in 2010,...
Kanye West’s Former Malibu Property Listed Six Months After Being Acquired

Kanye West’s Former Malibu Property Listed Six Months After Being Acquired

by Phil Hall | Mar 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The notorious Malibu, California, property of rapper Kanye West that was acquired last September at a severely discounted price is back on the market for $39 million. The Wall Street Journal reports the property’s owner Belwood Investment’s CEO Bo Belmont, is...
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