Ill state to you first that I was taken by these people and hope this helps to keep anyone else from getting scammed. Im usually the biggest skeptic in the world, but these folks are good. With the thought of easy money dangled in front of you I assure you your guard will come down. It did me. Heres the short version:
On 9/15/10 I went to the free Armando Motelongo real estate sseminar where they assured you they would walk you through a real estate flip. Lance Robinson talked about how he wasnt a public speaker and about how you dont need money to control real estate. He spent time talking about hard money lenders and then about when he had you hooked he talked about how he had been broke when his kids got real sick years ago. I think he even started to cry a little. They were needing testimonial from the Dallas area and they just happened to have a 3 day live seminar coming up the following week. Since they needed these testimonials though they were selling the live seminar at half price-just $1497-instead of the usual $3000. Lance stated that they were only allowing the first 65 to sign up go to the class and there were only about 8 seats left. They introduced people in the back that were former students-right! One of them stated that they had already found hard money lenders in our area and they would share those with us at the live seminar. We were told by Lance that Armanado Montelongo would be there to hand walk us through our first deal.
Man I fell like a rock for it. I signed up without doing any research. That afternoon another guy talked about tax liens and how much money him and Armando were putting in them. Coincidentily they even had a software system for tax liens that you could buy for a grand. Lucky for me I didnt bite on that though. The next day I tried to cancel, but the toll free number on the agreement wasnt being answered and they didnt return any calls period. There was no fax number listed on there either.
First day of the live seminar a guy named Adam Sachs, some self proclaimed wealth magnet from Las Vegas talked to us about how to find hard money. Buying real estate with no money down merely means using someone elses money. He advised getting money from Doctors, Lawyers Friends Family, IRAs and such. Just about anywhere you thought you could get money is where you should start. He spoke about several of his deals here and there. That afternoon Chris Sanders talked to us about fixing your credit and how to up your credit limits on your credit cards. He too was a self proclaimed wealth magnet and he had his own downfalls in life he shared with everyone. What both these guys were doing was setting the stage for later. Both mentioned how well real estate was flipping in San Diego, two specific neighborhoods that they would not reveal.
The second day Adam talked of a deal he made in San Francisco at a 3 day live event recently. He befriended some people and got a contract on a house and then sold it to a student the next day making $15K. This is what he termed an option contract in real estate. That afternoon Chris talked about how well things were going in California and that a 3 day bus trip was coming up where you would go with Armando and again he would walk you through the deals. He provided the houses, lenders, contractors, brokers and buyers. These banks were just giving him properties and he was just turning around and giving them to students. Unbelievable right? Now at the end of the second day comes the sell. Chris stated Right now we only have 8 seats left for the December bus trip and in order to fill it weve decided to knock some off the price. We sell this all day for $36,495 but right now we will discounting it to $24,495 for this seminar. We will also refund you the $1,497 you spent to come to this seminar and give you 2 copies of the foreclosure software that sell for $2K.
Remember when he was telling everyone to go home tonight and call their Credit cards to get a bump in their credit limit? Now you know why.
Day three was much of the same. Adam spent the morning with us talking about rentals and selling property on ebay while Chris spent the afternoon telling us how to sell a house in 5 days. Once again both guys stressed the need for everyone to sign up for the bus trip. However though Adam mentioned early in the day that anyone going on the bus trip would need spend an extra 3 days in San Diego to buy properties on their own because now Armando wasnt going to actually give the properties to his students. They said this real fast and moved on before anyone realized what was said. I mentioned it later to a few people and they couldnt recall that being said, but it was I assure you. When I asked Adam about that fact he admitted it and walked away. Obviously from then on I was avoided by anyone from that outfit because I was a negative for them. Chris made his final plea for takers and the bus trip explaining that this was truly a life changing opportunity for everyone here.
These guys are unbelievably good at what they do. They lay the bait out there, let you smell it and hook you right up. People that didnt have the money or business signing up for this trip were whipping out credit cards right and left. These people do this all over the country every week and they are making a killing bilking people out of money they dont have. Im on the hook for the $1497, but have disputed the charges on my credit card as they dont have an executed agreement for that fee. I hope that this will reach everyone that is thinking of signing up for any of the Armando Montelongo or Real Estate Training International, LLC seminars. Some phone numbers Ive been able to acquire are to Carol @210-399-4809 and Malinda @210-209-8875, but dont expect them to answer or return your call.
These people will take any and everything you will give them. Please do your own research and put your money in other places.
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