The Better Business Bureau has raised some flipping red flags on a Texas-based company, Armando Montelongo Worldwide Inc. Armando Montelongo, a former host of the reality show "Flip This House" on the cable network A&E. Montelongo holds seminars with information about flipping houses.
The BBB has received many complaints, with many complaints unanswred. Read the Rip Off Report for more flipping complaints.
With a statement in Monteglong's video's like, "Imagine being able to get you and your family out of debt and to be able to change the legacy of your family by becoming a real estate millionaire" and more marketing tag-lines than you can put your finger on, it's no surprise to real estate professionals that the complaints would be numerous, especially in today's real estate markets.
I often used to watch these type of shows on HGTV and A & E on Sunday mornings, but found that most of these "flipping" shows were not reality for most investors, at least in North Texas. I often wondered about them and had plenty of skepticism when the shows boasted of such big profits.
Sure there are flippers out in the market making money, but it's not usually as easy as Montelongo states in his videos.
So I say....Monteglong...Flip this.