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I work for Joe Lopez and a few other Investors and I was told the only reason they came to San Antonio was to party during fiesta, so they did some shows here.
Dude comes off as a giant tool.
I work for Joe Lopez and a few other Investors and I was told the only reason they came to San Antonio was to party during fiesta, so they did some shows here.
There some juicy stuff on the montelongos...
LinkThe show had the usual Reality TV standards… a couple of attractive women, a false drama about meeting the scheduled opening house date, conflict between the partners, recreated sceens where it is obvious that there would be no camera person on site normally, a final price scorecard that failed to include holding costs, closing costs, and the costs of sale, and a final profit calculation which is based upon an alleged signed contract resulting from the first open house (accoridng to the Bexar County Recorder records Montelongo, aka 12906 Lone Shadow Trust, bought he property on December 8, 2006, but has not sold it yet) But the thing that irrated me more than anything about this episode was that this BS artist claimed to have bought and remodeled more than 1000 houses in the past 5 years. The first time he said it, I just assumed that he had meant that he had seen more than a thousand houses in the past 5 years, but he said it a second time!! There is no way this joker, even if you factor in that he is working with his brother and both wives, has bought more than a 1000 houses in the past 5 years. If your buying anywhere near that many houses you have to employe a dozen or more fulltime workers. He didn’t have any fulltime workers, in fact he was hiring contractors to do everything, and paying inflated prices because of the false urgency of the open house date.
I would be surprised if Armando Montelongo has bought and sold more than a dozen houses in entire life, it is clear to me that he used this show just to advertise his faux guru services. Too bad for Aramado Montelongo that he got his A$$ kicked by this house. The show says that he bought the house for $55,000, put $85,000 into it, sold it via an open house by his wife for $165,000, for a $25,000 profit. But the County records indicate that he paid $101,400 for it and hasn’t sold it yet. He most likely lost $30,000 on this property, unless he stiffed the contractors which is a good possiblity.
I was going to say that I would periodoically check Bankruptcy records in anticipation of a BK filing from him, but he filed Chapter 13 BK on 11/10/03 (03-32986), and he is still operating under the Chapter 13 plan!, in fact on 2/5/07 he filed a motion to modify his payment plan because he claimed his only income was from diability insurance and that he could only afford to pay $150.00 per month. And his Brother/Partner David is also still operating under a Chapter 13 Bankruptcy from 2003 (03-31980).
Dude you should have been on the 9/11 commission!
a few months ago Armando had about 16 of his houses on the court house steps. The more I learn about this guy the more it becomes obvious he's a shyster. He used the show to try to promote his book and seminars.
Almost all reality TV is fake.
Scripted
scenes re-shot
producer pushing story lines
"It appears that Armando Montelongo experienced difficulty with some recent financing from VCH Funding Corporation. Montelongo’s company, Mandoman Management, Inc., fought off August 7, 2007, foreclosures on four separate properties by obtaining a temporary restraining order, allowing Montelongo the time necessary to line up alternate financing. The restraining orders ended on August 21, 2007. The cases now indicate that they have been terminated. Neither Montelongo’s Attorney nor VCH Funding have returned calls requesting comment."
http://www.flipthislawsuit.com/files...070824safc.pdf
wow. how did i miss that?
sounds like his brother bailed at the right time.
I just received a copy of the warrant from his arrest on 12 October 2007. Anybody want to see it, let me know your email address and I'll send you a copy.
just post it if you can. if not, i just PM'd you.
But but but...He Drives a HUMMER.
lmao.
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