What does Armando Montelongo think of the real estate market in the US?”
The stage would be empty. Then, the foreclosure show began and on walks Real Estate agent after Real Estate agent singing the blues about the current tune of the Real Estate housing market. Yet, I was watching ‘Flip This House’ recently and got a reality check. Armando Montelongo was reminding viewers that profits can still be made in the current market. I’m sure many didn’t think that they would hear that melody being sang out from the real estate zone. As I thought more about the situation I realized that it was true. Just because the housing market has many foreclosures and it is a buyers market, it is still easy to make money on real estate deals if you manage your situation properly. Don’t sing the blues. Just focus on the real estate deal your working on and make sure the numbers work out correctly so you make the profit that you originally set out to make. If the house needs repairs or improvements, calculate what the cost is going to be so your deal stays on budget. The origina
If you have watched episodes of the famous TV reality show “Flip This House”, you should be familiar with its maverick host Armando Montelongo. Dubbed the “flipping machine”, he is your classic example of a self-made man who has gone from rags to riches and inspired many. Through hard work, shrewd business acumen and a positive approach to life, Armando Montelongo has hit it big in the real estate arena. In just over five years, he has turned his small family business into a major real estate firm, Montelongo House Buyers, which on average flips 25 houses every month. Armando Montelongo’s story is definitely one for the movies. In 2001, unemployed and heavy with debt but not discouraged, he decided to go back to his hometown of San Antonio, Texas. Back then, he and his wife Veronica and their baby boy were staying in his in-law’s garage in Southern California. They had no choice because their house was foreclosed. He didn’t work to take care of his wife and their baby who were then suf
