Has anybody bought, or reviewed the Armando Montelongo real estate program? If so, did you like it? Is it worth it? Will it actaully work if put into practice?
I have watched his show on TV but haven't bought the program. He seems like a good businessman. If you can get people to work for you do a good job at a reasonable price you've got it made. I don't know if it is worth it or not. Does it have a money back guarantee? Good Luck
He is a success story, but you have to know 2 things. One, he is in San Antonio, Texas. Texas has not been affected by the real estate slump the rest of the country is experiencing. Secondly, he may have rolled into town with only 5 bucks, but his family is extremely wealthy and I'm sure they helped him get into these properties until he built up a nest egg of his own.
Armando Montelongo is the current king of the infomercial real estate gurus and seminars. Like most gurus Montelongo uses high-pressure sales gimmicks like infomercials and seminars to hawk his program. Bill Vaughn does not use such gimmicks - the success of his clients results in referrals. Success of the student, not the guru, is the ultimate proof that the course delivers the goods. Of the 22 methods of real estate investing, Armando Montelongo teaches one - rehabbing and flipping foreclosures, which has very limited applications, and also requires availability of cash and good credit - two things that most people looking for financial security do not have. Having only one method of investing is not a good plan - markets and economies change. A method that works well in one market type may be a complete bust when the market changes. Bill Vaughn teaches all 22 methods, in clear detail. No matter what the current economic conditions, you will have strategies that will make you money. Armando Montelongo Seminars LLC has an F rating with the Better Business Bureau. The BBB has also posted an online SCAM ALERT in connection with Armando Montelongo seminars and similar seminars and boot camps. According to the BBB, it appears Armando Montelongo's seminars and bus tours are designed not so much to teach people investing so much as to drain their bank accounts. NOTE: The Texas Attorney General felt the same way, and in 2011 forced Montelongo into an agreement to follow certain guidelines to insure keeping within the law. But there is still no assurance he will deliver the goods. .........Real Estate Agent Bendigo
I would recommend the following to people who really want an inside view of Real Estate and how to make money. Read The Millionaire Real Estate Agent and The Millionaire Real Estate Investor both by Gary Keller. He started Keller Williams Realty, a national firm based out of Austin, Texas. I also would read Mastering the Art of Selling Real Estate by Tom Hopkins. These three books are available for under $75.00 dollars compared to the $900.00 program from Mr. Montelongo.
