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Each month AR runs numerous contests as a way for our members to engage in activities
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Armando Montelongo’s life story is woven into the fabric of the Armando Montelongo Companies. From broke and living in his in-laws’ garage, to running a rapidly diversifying, multi-million-dollar Inc. 500 enterprise, it’s a story of determination and dedication and passion, of mentorship, of relentlessly positive thinking.
It’s a story of success in the real world of hard knocks.
Real estate investing was the impetus for Armando’s first company. His against-the-grain thinking led to 25 renovation flips per month and a series of remarkable accomplishments in a short amount of time. Armando’s life also is reflected in a service-first attitude toward students, and in the fun-is-productive philosophy that guides all his companies.
Education, the result of a promise he made 10 years ago, was added to show anyone determined to succeed a path.
About the Company
The Armando Montelongo Companies promote personal growth, self-reliance and empowerment. We believe the path to success should include hard work and fun in equal measure.
We began with a simple idea – buy properties, fix them and re-sell them. Today, in addition to the house-flipping business, the family of Armando Montelongo Companies offers a series of educational guides and workshops designed to share Armando’s success. In 2010, it branched out into auto racing, supporting a car in the Indianapolis 500. In 2011, it launched a production company to back independent motion pictures.
The Armando Montelongo Companies have been named to the 2011 Inc. magazine list of the 500 fastest-growing companies in America.
The Armando Montelongo Companies include:
A leading adult-educational company, with a proven system built to help students create personal fortunes through real estate investing.
A media production company, established to promote the production of independent films and cable television programming in South Texas.
A motorsports company, designed to back drivers in the IZod Indy Car Series.
Armando's Personal Story
In August of 2001, Armando Montelongo arrived in his childhood hometown of San Antonio on his last tank of gas. He had his wife and son to support, $50,000 in debt and a credit score of 501.
He managed to negotiate two months’ rent on an apartment, but the couple had to sell some of their furniture to buy food. Soon afterward, a sluggish South Texas economy was slowed even more by the 9/11 attacks.
Desperate for a solution, Armando discovered a business where a person armed with the right knowledge didn’t need credit, money or experience to succeed: real estate investing.
So he began the business of flipping – buying houses for low prices, repairing them for families and then selling them for a profit. He started out without any knowledge of the field, and he quickly realized he needed mentors. He sought them out, took action on their advice, and began to see success.
He quickly discovered that the only way for him to prosper was to discover and help solve other people’s problems: to listen, come up with a solution and make a deal work.
A Star Is Born: ‘Flip This House’
In 2006, Armando heard about the A&E cable network looking for real estate investors for a show called “Flip This House” and submitted an application. The producers loved his on-camera style, and the San Antonio edition of the program quickly became the most popular of the lot.
And though being part of a television show was one of his lifelong dreams, Armando never let it distract him from the business of flipping houses. At the height of the show, he was doing close to 300 deals a year.
During the family’s darkest times, Armando’s wife, Veronica, made him promise that if he ever was successful, he would share the secrets of that success with the public.
Today, in addition to the steady business of real estate investing, Armando has launched a series of educational programs and workshops across the country. He also has written two books and compiled his knowledge of the house flipping business into a series of how-to-guides, complete with audio CDs.
He summed up his philosophy at the conclusion of his book “Flip and Grow Rich 2011:”
“My dream is to serve. It is to serve my students – people like you – so you can accomplish what you want for your family, make a lot of money, make a difference in life and have your childhood dreams come true.”
Armando continues his own education experience investing in real estate, and running a group of multi-million dollar companies. He continuously brings his experience and lessons learned back from the field to share with his students so they can face and overcome the challenges of today’s marketplace. He loves showing others how to turn what most see as “roadblocks” into opportunities.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.