Armando Montelongo - F Rating with BBB
I find these people in this report gullible dimwits personally. Why would you cash out your retirement account and then invest $1M of your hard earned money in properties based on advice from other people?! What ever happened to good ol' due diligence? I guess the old saying, "A fool and his money are soon parted," will always ring true. Crazy how greed just destroys people. News report with video:
http://www.wtae.com/news/investigation-reveals-fli...
And what's up with Armando's hair? Dude supposedly made $50M last year. You'd think he could afford a decent dye job and stylist. He looks like a 1990's Bobcat Goldthwait.
Part 2 of the story is here:
http://www.wtae.com/news/part-2-the-flip-side-of-h...
Best statement, "It's a business and you get out of it what you put in." I certainly don't think he's talking about writing big checks. He is more likely talking about that 4 letter word newbs tend to think doesn't go with flipping houses: W-O-R-K