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Real Estate Investing Forums  |  Real Estate Investing  |  Carlton Sheets, Beginners, Courses, Gurus, General Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, propertymanager, fadi)  |  Topic: I knew this guy was a fraud!!! « previous next »
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Author Topic: I knew this guy was a fraud!!!  (Read 7041 times)
motivatedceo
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« Reply #15 on: May 15, 2007, 12:29:19 PM »
That's REALLY interesting. It makes you wonder about the Montelongos? =)
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Bluemoon06
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« Reply #16 on: May 15, 2007, 12:37:37 PM »
Quote from: motivatedceo on May 15, 2007, 12:29:19 PM
That's REALLY interesting. It makes you wonder about the Montelongos? =)

The Montelongos now have The Real Estate Investors Boot Camp Education (T.R.I.B.E.).  They will actually teach you how to put lipstick on a pig.
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mw
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« Reply #17 on: May 15, 2007, 03:46:52 PM »
...at the very least how to chase peacocks around the block and fill in huge gaping holes in the backyard with twigs and mulch  banghead
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SulivanEnterprises
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« Reply #18 on: May 15, 2007, 10:36:46 PM »
Sam brings discredit upon the reputation of the real estate investor and makes private money more skeptical of investing with credible real estate professionals.

This also brings great embarrassment upon A&E and brings into question the credibility of other programs.  A&E has the ultimate responsibility of presenting true information, because they broadcast it, regardlesss whether they or Departure Films records the show.

On a side note:  Richard Davis is suing A&E because A&E stole the concept of Flip this House which Davis originally created. 

http://www.flipthislawsuit.com/page/2/

http://www.flipthislawsuit.com/files/complaint.pdf
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propertymanager
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« Reply #19 on: May 16, 2007, 06:23:25 AM »
I wonder if millions of failed newbies who decided to make their fortune "flipping" will be suing as a result of this revelation?  I think that's almost a certainty. 

I'd love to see A & E or someone do a flipping show reflecting the truth, that a few people are successful and the majority lose money.  Woudn't that be interesting?

A better show would be following landlords around.  You couldn't write drama like that of low income tenants.

Mike 
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This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!
aak5454
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« Reply #20 on: May 16, 2007, 09:58:01 AM »
Quote from: propertymanager on May 16, 2007, 06:23:25 AM


A better show would be following landlords around.  You couldn't write drama like that of low income tenants.

Mike 

Ever watch COPS?  I'll bet almost 100% of those folks are renters.
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Rich_in_CT
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« Reply #21 on: May 16, 2007, 10:47:57 AM »
Quote from: aak5454 on May 16, 2007, 09:58:01 AM
Quote from: propertymanager on May 16, 2007, 06:23:25 AM


A better show would be following landlords around.  You couldn't write drama like that of low income tenants.

Mike 

Ever watch COPS?  I'll bet almost 100% of those folks are renters.
Or squatters.  In the case of some of Mike's tenants that might be the same thing.
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PaulBroni
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« Reply #22 on: May 16, 2007, 11:46:09 AM »
Quote from: propertymanager on May 16, 2007, 06:23:25 AM
I wonder if millions of failed newbies who decided to make their fortune "flipping" will be suing as a result of this revelation?  I think that's almost a certainty. 

I'd love to see A & E or someone do a flipping show reflecting the truth, that a few people are successful and the majority lose money.  Woudn't that be interesting?

A better show would be following landlords around.  You couldn't write drama like that of low income tenants.

Mike 

I am not kidding at all when I say that you should contact A&E or TLC and pitch this idea to them. Immediately. I think a show that follows the trials and tribulations of a landlord would be great TV and very educational.
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"To have something you have never had, you must do something you have never done."
"In the beginning, the limited partners have all the capital, and the general partners have all the experience. Towards the end, their roles are reversed."
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john-e
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« Reply #23 on: May 16, 2007, 03:56:16 PM »
This kind of stuff is seriously discouraging to a new investor.  I knew that show wasn't exactly an accurate depiction of REI.  I thought that they just made it look a lot more glamorous then it really is just for television.  Not fake it.  I actually believed that it was possible to properly and ethically flip properties.  It is pretty dissapointing.
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Topaz
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« Reply #24 on: May 16, 2007, 03:59:56 PM »

I thought it *was* possible to profitably, ethically, and responsibly flip properties if you learn how to buy them correctly and manage the rehab well.

Isn't anyone here doing that? 

(Maybe this post should be on a different Board?)

Topaz
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JaredfromIndiana
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« Reply #25 on: May 16, 2007, 04:06:11 PM »
Yeah Topaz, I'm doing that right now.  Not sure what the "was" was all about. 
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Topaz
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« Reply #26 on: May 16, 2007, 04:24:08 PM »
Jared - maybe I worded my post in a confusing way.  I was responding to John-e saying that he was disappointed to learn that you can't be ethical and make money by flipping.  Not sure if he was being sarcastic or not.

I'm glad to hear you are doing well because I'm hungry for inspiration!

Topaz
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PaulBroni
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« Reply #27 on: May 16, 2007, 05:01:52 PM »
Of course it's possible to flip properties ethically.

Don't let one bad apple ruin the whole bunch for you.

On second thought...let the bunch be ruined. I don't need any more competition!
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"To have something you have never had, you must do something you have never done."
"In the beginning, the limited partners have all the capital, and the general partners have all the experience. Towards the end, their roles are reversed."
"Where are the customers' yachts?"
JaredfromIndiana
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« Reply #28 on: May 16, 2007, 05:32:41 PM »
Gotcha Topaz.  And I second Broni...  in my head there is no other way to be than ethical in everything in life.  Plus I am a big believer in karma, the law of attraction, or any other way you want to say it. 
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mw
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« Reply #29 on: May 16, 2007, 07:29:02 PM »
Quote from: motivatedceo on May 15, 2007, 12:29:19 PM
That's REALLY interesting. It makes you wonder about the Montelongos? =)

http://www.flipthislawsuit.com/2007/04/16/anyone-purchased-armando-montelongos-real-estate-package/#comments
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Pages: 1 [2] 3 Print 
Real Estate Investing Forums  |  Real Estate Investing  |  Carlton Sheets, Beginners, Courses, Gurus, General Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, propertymanager, fadi)  |  Topic: I knew this guy was a fraud!!! « previous next »
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