There is still money to be made in house flipping.
On Wednesday, a federal jury in South Carolina awarded $4 million to a real estate investor for his role in creating the popular show "Flip This House" for A&E Networks.
That amount represents half of the profit generated by the first season of the show, when real estate broker Richard C. Davis and others from his firm, Trademark Properties Inc., were featured buying properties, fixing them and selling some for a tidy profit.
Davis sued A&E two years ago, alleging that executives at the A&E cable channel reneged on their promise to pay him half the revenue produced by the program, which debuted in 2005. A&E, in court filings, denied that it ever made such a promise. There was no written contract.