Armando Montelongo, So-called Real Estate Guru Has A Local Radio Ad – Be Wary!
Many of you may have heard a commercial on the radio recently by a guy named Armando Montelongo. He is selling his instructional real estate materials. He mentions that he appears on the A&E television show Flip This House. Well you should know that he is not all he is cracked up to be. As they say, Buyer Beware! He has been indicted right here in Travis County for Fraud and has had his own share of foreclosure troubles.
Here are a few mentions of him around the web:
http://en.wikipedia.org/wiki/Flip_This_House_(TV_series)#Season_Three_2
Flip This Lawsuit is a site containing a lot of information regarding the Montelongos and their relationship with the show and its former cast. This post in particular is very interesting.
Here is an article from the SA Express reagarding his indictment.
Robert…
My friend and I were victims of Armando Montelongo , last year. It’s sad he is still out there making promises and people are still giving him money. If you have $25K why not invest that money yourself, instead of giving it away to the likes of Armando. They even chased my friend and I after we turned down the bus trip and tried to sign us up for a special mentoring program. The caller said, they heard we were special participants in the class (some bs they used). We turned that downed and I got a call from someone else (I thought was my one time only mentor call that was included in the packet, it wasn’t). This time the caller wanted to get my financial information (i.e. credit card balances, 401K balance, IRA balances, any liquid money I could get my hands on) and my husbands info too. I asked why did he need that info? He said, if I would answer the questions it would all make sense later. I said, no thanks and hung up the phone. I spoke to some students that bought into that $25K bus trip last year and they were NOT pleased. They couldn’t get there phone calls returned and all they had was an 800#. I was gonna follow-up again this year to see if anyone made any progress but didn’t want to reopen their wounds.
I have learned the hard way, when things SOUND to good to be true they really are. I put out $3K last year chasing Real Estate Investor dreams and I’m unemployed. God blessed me to get my money back through other means so lesson learned. I still believe money can be made in Real Estate Investing but not with the help with these Investor Guru’s, who are in it to win it for themselves. You need to build your own team of trustworthy industry people to help you, you can’t do it alone with just CD’s and books.
Disgusted
@hm…………I hear you loud and clear. I think it can work however they really mislead people into thinking that they will really learn a process on how to buy with no money down. call it naive ,call it stupid, call it ignorance. This is what they sell and this is the hook that they propose. i went to the seminar at the doubletree in torrance then went to the 3 day course at the renaissance in Long Beach Ca….. .
GUYS, LOOK. I PERSONALLY FLIP HOUSES IN SOUTHERN CALIFORNIA. I WILL NET 200K OFF OF TWO HOUSES I BOUGHT 3 MONTHS AGO. ITS A GREAT TIME TO FLIP. I KNOW I DON’T KNOW IT ALL, AND I PLAN TO GO TO ARMANDO’S 3-DAY WORKSHOP FOR $997 BECAUSE I BELIEVE IN IT. I SEE WHY PEOPLE ON RIPOFFREPORT.COM SAY IT’S ALL A SCAM. I’VE PERSONALLY VISITED HIS WEBSITES AND CALLED HIS STAFF ABOUT SEMINARS, WORKSHOPS, AND BUS TOURS, E-MAILED MY QUESTIONS AND IT’S ALL LEGIT.
I’VE READ ARMANDO’S BOOK “FLIP AND GROW RICH” IN 6 HOURS. I’VE BOUGHT AND READ HIS E-BOOK “MAKING MILLIONS IN FORECLOSURE”. BUT WHEN PEOPLE SAY THEY’VE BEEN “RIPPED OFF OF 29.95″, IT’S NOT BECAUSE HIS COACHING IS POOR, ITS BECAUSE HIS CUSTOMER SUPPORT NEEDS IMPROVEMENT. HE HAS WEBSITES I HAD TO FIND OUT THROUGH OTHER LINKS, AND SOMETIMES WHEN YOU LEAVE VOICEMAILS, SOME STAFF MEMBERS DO NOT CALL BACK. SO IT’S NOT THE TEACHINGS, AND IT’S NOT A SCAM, ITS JUST PLAIN AND SIMPLE FAULTY CUSTOMER SERVICE.
YES I KNOW IT SHOULDN’T BE LIKE THAT, AND IT SHOULD BE TAKEN CARE OF. WHEN I BOUGHT THE $47 E-BOOK I WAS PROMISED A WEBINAR FROM ARMANDO HIMSELF THAT I NEVER GOT THE MEMO FOR. ON THE OTHER HAND, PEOPLE NEED TO LEARN TO SHUT UP AND ACTUALLY PUT IN WORK INSTEAD OF COMPLAIN ABOUT HOW PAYING 30 BUCKS DIDN’T INSTANTLY GIVE THEM THEIR CHILDHOOD WISHES. FLIPPING IS WORK. FLIPPING TAKES TIME. I’VE DONE MY 10-12 HOUR DAYS. BUT AFTER ITS ALL SAID AND DONE, YOU SEPARATE YOURSELVES FROM THOSE RECEPTIONIST, DATA ENTRY, RESTAURANT SERVER, PESSIMISTIC, MAKE-A-QUICK-BUCK TYPE OF PEOPLE.
I PLAN TO FLIP MORE HOUSES BECAUSE I’VE HAD MY SHARE OF SOME SUCCESS. BUT BEFORE I IMPLEMENT MY CURRENT STRATEGY TO THE NEXT HOUSE I BUY, I PLAN TO SEE HOW ARMANDO DOES HIS FLIPPING AND I HOPE TO IMPLEMENT HIS STRATEGIES TO GROW MY BUSINESS FASTER. I’LL POST ANOTHER RESPONSE AFTER I COME BACK FROM THE 3-DAY WORKSHOP.
GUESS HOW OLD I AM? I’M 24 YEARS OLD, GRADUATED FROM COLLEGE, AND SWITCHED FROM ENGINEERING TO BUSINESS. SO DON’T BELIEVE THESE DUMBASSES’ POSTS. YOU GUYS ARE PROBABLY OLDER THAN ME, PESSIMISTIC AND UNHAPPY WITH YOUR JOBS, AND MAKE SHIT UP LIKE SAYING “FLIPPING HOUSES SCREW PEOPLE OVER”.
I DON’T APOLOGIZE FOR GIVING MY CONTRACTOR A JOB SO HE CAN FEED HIS FAMILY IN COMPTON. I DON’T APOLOGIZE FOR BUYING QUALITY HOME PRODUCTS FROM COMPANIES WHEN THEIR BUSINESSES ARE HURTING FOR CUSTOMERS. I DON’T APOLOGIZE FOR RAISING THE HOME VALUES IN THE NEIGHBORHOODS I’M FLIPPING IN ESPECIALLY DURING THIS HOUSING CRISIS. I DON’T APOLOGIZE FOR ALLOWING TROUBLED HOMEOWNERS WALK AWAY FROM THEIR HOMES WITHOUT DEBT AND BEING ABLE TO START FRESH. AND I DON’T APOLOGIZE FOR MAKING MORE MONEY AND WORKING MY ASS OFF COMPARED TO THESE MIDDLE-AGED, MIDDLE-CLASS, NO-AMBITIONED, I-WANT-THINGS-HANDED-TO-ME-BECAUSE-I-DON’T-WANNA-WORK-FOR-IT IDIOTS. NOW YOU SEE WHY SOME RICH PEOPLE HAVE SOME HATERS? THEY THINK WE JUST SPLURGE, BUT WE ARE REWARDED 10X MORE THAN THE AVERAGE HUMAN BECAUSE WE HELP SOCIETY 10X MORE THAN FROM INSIDE A CUBICLE. OPEN YOUR MIND. FOLLOW YOUR DREAMS. DON’T LET ANYONE STOP YOU.
P.S. WHAT POSITIVES DID YOU GET OUT OF THE 3 DAY WORKSHOP ROBERT?
-OLIVER
Hey Oliver. Sto the BS. How much did they pay you. f…… c…