I want to be fair, Armando Montelongo has taught me so much, and has really helped change my life. However, I paid $40,000 to go to 4 different seminars, one of which was held in Riverside CA. During that seminar his first words were to trust him. He told us that he knew the responsibility his company held, and that we placed more than money in him, we placed our hopes and dreams. And he was correct. While at the seminar he got us really worked up, Buy! Buy! Buy! Was the chant. "Millionairs make decisions when?", "NOW!", we would all reply. He kept us up until 2 -3AM every night, and pumped Club music into the room at super high volumes the entire time. He would teach a little, them party, then teach, then party. It never ended. I learned alot, and had alot of fun.
When you came out of the hall where Armando was teaching, there was an area that was covered by a giant black curtain.inside that currtain were three companies, each set up at different tables. The first two companies I have no problem with so I will not name them, however the third company was owned by Nick Vertucci. Nick Vertucci handles all of Armando's cashflow lessons. He is most likely one of th greatest buy and hold real estate entrepenures that I have ever seen. I what he taught during the seminar was incredible. I really learned alot, I also really paid alot to get that knowledge. The stand that Nick had set up was covered in folders with pictures of different properties on them. Each on with a purchase price, and a the potential cash flow each property could potentialy make. One would think that it would be a conflict of intrest to sell real estate at a convention where the majority of the people came to learn how to flip, not purchase from a group of men that had just got us all for $40,000 each. I purchased two homes. To purchase you had to sign paperwork and then put $5000 down on the home. At the time they called the $5000 a cunsulting fee. I got home and found out that there were all kinds of hidden fees, and so I backed out of the first house immediatly, within about two weeks I backed out of the other. When I told them I wanted to back out, keeping in mind I never signed a purchase agreement, I signed something in California but never recieved a copy, NV Companies tried to make it seem like they were doing me a favor. I have the right to back out, and when I did, they told me that they were not going to refund my $10,000 cunsulting fee, they said they would keep it in case I wanted to purchase anymore property from them. I don't want any other homes, I want my damn money! Armando Montelongo holds our hopes in a terrible economy, shame on you Armando, and shame on you Nick Vertucci.in the end I backed out because my disabled wife went into the hospital, and my 3 year old daughter, ridden with cancer is in and out 3 times a week. I am unemployed and trying to get this new company off the ground. I have enough problems, I don't need to be jerked around by a couple of millionaire bastards. You hold my hopes and dreams Armando? Well now what? You told me to trust you and your people and I did, and you robbed me. Armondo Montelongo does a good job educateing you to in real estate, but don't trust him as far as you can throw him. He will take every last dime and think nothing of it. To him it's only business. And Nick Vertucci is worse, he knew that everyone I loved was sick, and why I was backing out. He knew and just didn't even care. How very christian of you Nick.
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