Armando Montelongo is a wealthy American real estate entrepreneur and public speaker.
He is perhaps best known by the general public for his role in the A&E reality television show, Flip This House from 2006 to 2009.
Flip This House was a television show that ran from 2005 to 2009 where each episode showed the purchase and renovation of a single unit or flipped property.
Montelongo worked as part of the San Antonio team in the show alongside his wife.
He is also the founder of a company that presents real estate investment seminars called “Armando Montelongo Companies.”
In official terms, his role in Armando Montelongo Companies is as their Chief Executive Officer.
The company has been headquartered in San Antonio, Texas since 2012.
In recent years, Montelongo has operated his seminar company and has continued investing in real estate.
Armando Montelongo Net Worth In 2022
Real Estate mogul Armando Montelongo has an estimated net worth of $50 million as of 2022.
Montelongo made most of his wealth through his real estate investment seminar business Armando Montelongo Companies which, as stated above, is headquartered in San Antonio, Texas.
The company was named one of the United States fastest-growing businesses.
In the same year, it was also recognized as one of the top education-based companies in the United States.
During the company’s rise, he was considered one of the three top-most Hispanic business owners in the country.
One of the reasons behind his success was the fact that his company offered free seminars around the world with just the goal of pushing the company’s three-day workshops and in-person lessons.
The latter, Montelongo himself took charge of.
However, his company may have brought him fame, Montelongo became famous due to his appearance on the television show, Flip This House.
He appeared on the show for three seasons and was so enamored by his time there that he created his own production company called Armando Montelongo Productions.
The company filmed and released its first feature movie, Line of Duty in 2013 with actors Jeremy Ray Valdez and Will Rothhaar.
Lastly, Montelongo also released his first book “Flip and Grow Rich” which focuses on both professional and personal life lessons that the entrepreneur has gathered in his illustrious career.
Still, Montelongo’s main source of income is his seminars which, according to him, are attended by over 300,000 people per year.
How Rich Is Armando Montelongo?
Though his official net worth is $50 million, Montelongo has stated that his seminars have netted him over $200 million.
Montelongo has a penchant for overplaying his finances, which has led him to have some trouble with the law.
In the same year, 2011, when he saw his greatest success, he also had a brush with the law where he was the subject of an investigation.
The Texas attorney general conducted an investigation on his seminar company though Montelongo managed to settle the case with no admission of wrongdoing.
He did, however, have to sign an Assurance of Voluntary Compliance which outlined over twenty conditions that needed to be met to continue marketing his seminars.
Some of these conditions included refraining from making any false claims and admitting that his seminars are primarily a way to sell goods and services.
In the decade since the whole debacle, Montelongo has retained his fan base and it is growing ever larger.
According to his website, over a million, nearly a million and a half, people have registered to attend his seminars.
He has also embraced social media and has a respectable following there with over 147K fans on Facebook, 16.5K followers on Twitter, 25K on LinkedIn, 443K on Instagram, and 4.7K subscribers on YouTube.
Due to the increase in his social media standing, the man has incorporated the job of self-help guru into his repertoire and often makes posts about how people can expand their wealth in terms that borrow a lot from self-help terminology.
As such, his content has evolved from strictly real estate to more about how people can become wealthy quickly.
Armando Montelongo Is An American Real Estate Entrepreneur
Armando Montelongo has credited a day with his father when he was seven years old as the drive behind his work.
That day, Montelongo’s father, who was a contractor that built houses from the ground up, took him to his job site to experience a day of hard work.
Though he admired his father for having a strong work ethic, that day made him realize that he never wanted to work a day like that in his life.
He discovered that real estate was a way for him to avoid working a day of hard work while still having tons of money.
He is famous for a conversation he had with his son, which he often shares in his seminars.
His oldest son told him that he wanted to be a football player, and Montelongo told him he should invest in real estate instead, so he could do whatever he wants.