Any of you guys heard of Armondo Montelogo from those house flipping shows?

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Rx Wizard
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Show is pretty good and his wife is pretty hot but he is pretty full of himself (IMO). Now he has a book coming out.

Would be almost impossibile to work for him by the looks of it. Read some things online about some of the claims on his show being false.

Anyone see this show?
 

Pump n Dump
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Never heard anything as far as false claims about him, did hear about the ATL crew of that show was busted on some stuff though.

Pretty good show though.
 

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Just some cliff notes:

The auctions and open houses are all staged.
Lots of the houses are not even the ones being flipped.
Most if not all of the building materials are donated via promotional consideration - notice Pella windows, tyvek home rap etc.... Anyone can make a profit when you arent paying for anything.
Obvious scene staging such as problems, fights etc..
 

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I love that show. Just have discovered it. He buys things right, redesigns and I think he sells it himself and I think he writes the loans to.

I will probably buy his book because I think he is interesting.
 
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Just some cliff notes:

The auctions and open houses are all staged.
Lots of the houses are not even the ones being flipped.
Most if not all of the building materials are donated via promotional consideration - notice Pella windows, tyvek home rap etc.... Anyone can make a profit when you arent paying for anything.
Obvious scene staging such as problems, fights etc..

:lolBIG: Not sure I've ever seen it, but that's some funny shit.
 

ODDSSoftware.com
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Ice, I know you wanted to start a rent to own empire. You should be able to score some homes in foreclosure for around .70 on the dollar especially in Mich. right now. This should create scenarios where the new payment should be low enough to make a small positive or break even?

Bulletin: Short sales are soon to be almost impossible with FannieMae now requiring title seasoning. (Must own the property for a min of 3 months)This is brand new and many small timers will have to get out of the game who are trying to do these as "double closing" flips. (No money/risk flips). I'm not sure if this is to become a national standard or up to your title co?

Double up on your Pinny leans....

B
 

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His wife is pretty good looking but something about her makes me want to bang the crap out of her.
 

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If you want a good example of some of the staging, watch the last show aired - Im pretty sure its the one referenced in the original post.

Its the one where he is writing his book throughout.

Some things to notice:

1. The timeline of him writing his book. He buys that flip house and then there is 21 days to go. Then he informs his wife that he "is writing a book, and his publisher wants it done soon." Then, he goes and meets a publisher to pitch his book (out of order, he said he already had a publisher) on like day 18. On day 21 he is holding a copy of his completed book. So he went from idea to a real copy of a book in 21 days. OK.

2. The endorsements: Pella windows, Bosch appliances, glaspar paint, the restaurant which they call out by name, and the biggest ad was for his book. The whole show is one big advertisement.

His book will sell millions because he has millions of free false advertising.
 

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that blog that was linked was awesome.

His book will probably be a big scam too the publisher is the Chicken Soup for the Soul guy. So I am sure its headed for infomercial stuff.
 

FreeRyanFerguson.com
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I think he seems like a dick that is full of pride. But, at the same time, he did talk one time about how he was on food stamps five years ago, and that he'll never forget where he came from. I guess he's probably not a bad guy. I think the contractors that do the work for him should grow some balls and stop letting him walk all over them in terms of pricing.
 

Rx. Senior
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It's a complete scam of a show made to look good for TV. Do some research and you will find out all is not that meets the eye. Shocking that TV would manipulate things, isn't it?:nono5:
 

SSI

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they have several different people doing the same shows.....

right now the ex NFL guy is on,,,,,,, he is in Connecticut......... merrill is his name, forgot his first name.......
 

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Show is pretty good and his wife is pretty hot but he is pretty full of himself (IMO). Now he has a book coming out.

Would be almost impossibile to work for him by the looks of it. Read some things online about some of the claims on his show being false.

Anyone see this show?

There were a few things that I noticed that didn't seem legal having to do with the remodeling...there is frequent wiring and plumbing work being done without permits. Also, he seems to be getting pretty cheap remodeling prices. Aside from that, it seems that the neighborhoods can't support some of the prices that he claims to be getting for these houses. One of them was a 900 square foot home on a busy street with supposedly sold for $110,000. There's no way someone is spending over $100 a square foot for that house in a shitty SanAntonio neighborhood on a busy street. And how could it appraise out? And I guess none of their buyers that they seem to get from these open houses don't ever have problems qualifying. You never hear about any sales falling through. BTW, houses RARELY sell as a result of an "open house", but these guys seem to bat 1.000 with them.

Also, if he's had as many successful flips as they say, him and his brothers should be multi-millionaires moving on to bigger and better things, not sweating out 5 and 10 dime expenses on roach motels, but who knows? If you get anything from the show it would be to stay with lower priced houses, and put the remodeling focus on the kitchen and bathrooms.
 

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