Armando Montelongo Jr. is an American real estate developer and public speaker. He is best known as a contestant on the popular A&E reality show Flip This House. Since then, he has started his own business focusing on hosting real estate investment seminars. As of 2021, Armando Montelongo’s net worth is estimated at $20 million.
| Full Name | Armando Montelongo, Jr. |
| Birth Date | 50 years old |
| Birth Place | San Antonio,Texas |
| Profession | Real Estate Entrepreneur and Public Speaker |
| Relationship Status | Single |
| Net Worth | $20 million |
Early Life
According to Armando’s account, he grew up in San Antonio, where his father owned a construction company. However, when he was 16 years old, the business collapsed due to the real estate crisis in the United States.
Armando Montelongo Net Worth and Career
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Armando didn’t tell his life story until 15 years later, when he said he went through a very difficult time when his house was foreclosed on, he and his family were living on food stamps and living in his relatives’ garage. .
Armando had no choice but to earn money. One day he saw that house prices in Texas were very low, which prompted him to start buying emergency houses. To get things done, he first took out a $1,000 loan from his father and proceeded to buy and sell those properties.
According to Armando, by doing so and perfecting the formula that follows, he became a billionaire in 3 years. Armando was therefore a member of a show called Jerk This House as he was in the same space and performed alongside members of his group.
The reality show was a huge success and Armando was around for three seasons, incredibly helping to strengthen his profile as a real estate professional. After completing this project, in 2011 Armando decided to found a film company with his own name, whose main production was the movie “On Duty”.
The film was made on a budget of $2.5 million and released in 2013. However, Armando focused primarily on his other company called Armando Montelongo Seminars, which he founded in 2008. #2 Hispanic Entrepreneur on the Inc. 500 list.
The real estate seminar includes Armando, who hosts a free 90-minute seminar to attract potential clients to his seminars. Then there’s a three-day seminar, which sells for $1,500. The biggest upsell here is the extravagant personal training course, which costs up to $40,000.
This company has received complaints that even led to an investigation by the Texas Attorney General’s Office. However, Armando promised to work within the law and ensure that the marketing of the seminars was not misleading and did not achieve the goals promised to the students.
Personal Life
Armando was married to Verónica Montelongo, with whom he also has a son. However, their marriage ended in 2011.
Armando Montelongo net worth
As of 2021, Armando Montelongo’s net worth is estimated at $20 million. Armando claimed to have a net worth of up to $200 million, but was unable to provide any proof. However, he has always been very successful, both as a real estate investor, as a pinball machine, and through his seminar business, which has made most of his fortune.