Armando Montelongo - AKA; Real Estate Training International, LLC
Complaint 194302 Details

  • Date Occurred: 03/17/2014
  • Reported Damages: $36,000.00
  • Location: 2935 Thousand Oaks # 6-285 San Antonio TX 78247

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

In March of 2012 I attended an Armando Montelongo seminar for 1500.00 & then was convinced by many seasoned sales professionals (Who immediately dismissed your relevant questions) to purchase a $30,000.00 package that included a software package for estimating deals (that is of extremely minimal use and is very general - I have put together a better simple excel sht for estimating repair values) and they never told me that I would have to pay my own way to one of their bus tours to his market dominated areas where supposedly they show you intensive training and take you to propertys that you will be able to buy for 45 - 65 cents on the dollar / ARV - which according to the videos I have watched are nothing more than brainwashing through extremely long durations that sleep deprive you & music that is so loud- in another attempt to allow you to invest more money foolishly in properties with their set up lenders & then tell you that you can no longer purchase deals without having "gap funding" from their invited lenders - because you can no longer purchase deals for 45% - 65% of the after repaired values. You have to borrow more money or use your own.
Those days / years are gone; I believe it was possible before the bank / financial institution bailouts took-place; However they are still teaching those methods and stating that they can be done. REO properties (other than teardowns) can no longer be purchased in that manner and according to research have not been possible - for at least 2 years.
I have applied submitted at least 12 deals (according to their direction & a "sometimes available mentor - my other 2 only called me two times - and offered no insight) and spent countless hours educating myself with my own found factual information, real estate agents, (somewhat investor savvy) devoted hundreds of miles to appointments / driving around and locating homes that are abandoned or in visibly distressed condition researching those and only to discover that they sold for an average of 90% of there after repaired values. They are still selling those same strategies - based on 2007 techniques / applications.
I have to recover my $30k investment through some type of legal action.
I can not be the only one in this situation.
Christopher A DeVuyst

  • Seeking Resolution: I'm Looking for a Refund
  • Refund Amount: $ 0.00

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  • Terri
  • Terri SBID #9a84ee425f
  • Posted 01/30/2013
  • I think people must be embarrassed to say they invested so much money into his seminar or Maybe people don't think anything can be done. I don't know but I will contact an attorney and see what they say about a class action lawsuit. I think many people will come out of the wood work!! At my bus tour there must of been 300 people there. I did collect most business cards from people on my bus. I need to see how they are doing!!
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Business Profile Summary

  • Armando Montelongo logo

Company Statistics

  • Complaint Against Armando Montelongo
  • Complaints Filed: 26
  • Reported Damages: $317,557.00
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