Armando Montelongo World Wide Inc. Nick Vertucci Companies Ripped off by Armando and his friends. Internet

I am responding personally to this report to defend my reputation. My company has done hundreds of cash flow investment properties for investors. My reputation is flawless. The only time any complaint is brought up like this which is rare is because people like this person are not accountable. They are not accountable for their decisions. They are not accountable for their actions or breaking of contracts.

Our company takes a 5,000.00 deposit upon the buyer agreeing to purchase each property. This deposit serves the eaxct business purpose it protected my company from which is change of mind and costing my company time and money. It is called an EARNEST MONEY DEPOSIT (EMD) This is common in every real estate deal. It protects the buyer from the seller selling the property during the time of contract to close escrow. It also protects the seller ME! from buyers who agree to buy the property and hold up the closing for weeks or even months and not close. Like in this case this buyer did exactly that. He had my companies hold the property with intentions of closing and executing his signed contract. But he did not do that he defaulted on his contract.

Let me explain why this is just mkore than the priciple of defaulting on an agreement. My companies buys each and every one of our properties and rehabs them and puts renters in them. This takes a lot of working capital. Their is a cost of money!!!! When we hold a proeprty for weeks and do not close and have to re market them that costs us holding costs. The deposit covers our interests if in fact someone defaults like in this case.

In closing this is in fact not personl and I have no idea what this gentleman is talking about in regards to his sick family or what that has to do with me. I will say I hope they are fine and my prayers are with them. But this has nothing to do with that. It is a real shame that on this site you can post anything with no facts or vetting process. Go on try it just post away and ruin peoples reputations with no facts just opinion.

I hope this rebuttal helps the understanding of this mis leading post.

Respecfully,

Nick Vertucci

I have been to the Armando classes and learned a great deal.  Nick Vertucci is an excellent speaker and  one of these days I will find his radio program, he's very passionate about the business and eloquent in his speaking. 

If I had one thing critical to say about the Armando program, it would be that you know going in not everyone will succeed in this business.  But if you can connect with others at the program outside of your circle of people you know, as Armando asked us to do again and again, you can learn to make these deals, again and again, all over the U.S.

One of my favorite parts of the Armando program is he encourages 2 people to participate for the price of 1, at least that was the way it was when we signed up.  He does that knowing that 2 people working together are much more successful at this business than one working alone.  My husband went kicking and screaming to the first event, but we ended up signing up and it has been life changing for us.  We still own another business, but we can see the point where we can sell our business and rely on real estate investments.

  It is absolutely true that once you start succeeding in this business, the deals come to you.  It is indeed a good market to buy properties at a low price and either flip or hold on to them for a few years and collect rent rolls.  Low real estate prices and high rental markets are an excellent reason to get into the Armando business plan. 

I have also bought two properties from Nick Vertucci's company, and I can say that I was treated very fairly through the entire process, and while I like one property more than the other, it is simply because one cash flows better than the other. 

Thank you both, Armando and Nick.

To whom it may concern.
 
I would like to address this post personally. My name is Nick Vertucci one of the two names that were slandered by this post. Let me start by saying I understand that there are many people in our country who do get ripped off. I also understand this is a forum for that. But I want to voice my displeasure with this system. There are no guidelines or proof required to post in here. You can simply log on and tear down someone unjustly. Remember folks there is always two sides of a situation. I plan to outline this post with facts as I know who posted it. I will post their names just as they did mine. My intention is not to be defensive or to slander this couple but to simply state the facts. I would hate to see any new potential students and or investors miss out on one of the best systems to investing in our nation due to someones incompetence and lack of knowledge in a business agreement.
 
On August 8th 2011 I met Bill and Dianne Robinson from Aston PA. As Bill mentioned they listened to me speak at a training event about cash flow properties. I want to thank Bill for his compliment in his post of being one of the greatest buy and hold investors in our nation. And as stated by Mr. Robinson, I am glad you learned a lot. The Robinson approached me during that weekend and expressed interest in buying two cash flow properties. We discussed in detail the properties, the system and the details of doing so. I spent a lot of time with them in the process and they wanted two properties that they handpicked. Now as many may or may not know in a business transaction especially a real estate transaction there is something called an earnest money deposit. They place a 5,000.00 EMD/ commitment fee per property. We have limited inventory and the Robinsons executed two agreements and two deposits and were very excited about their decision.
 
Our company continued to fulfill our obligations as the seller and in the process we received an email from Diane Robinson on August 31st  informing our company (23 days later) that they would not be meeting their obligation in our agreement as the buyers and wanted out. She simply stated at the time that they changed their minds and had cold feet. My representative Andy Brown informed the Robinsons that their 5,000.00 per property would be forfeited per the signed agreement. The reason an earnest money deposit is collected is for this exact reason. Our company as the seller cannot sell the property to another buyer for any reason as the agreement protects the buyer from this. Same as the EMD/ agreement protects the seller from losing money and having the buyers back out for change of mind. Our company has carrying/money costs and have not been able to sell our inventory which effects our cash flow processes.
 
To be clear at the time and our company has emails to support this there was no mention of any medical or distress situations by the Robinsons. And to be clear that would not be a legal factor to unwind a real estate transaction regardless. But when the Robinsons became aware that their deposits were not being refunded then they did then inform our company of their personal issues. When my associate Andy Brown informed me of their plea I then agreed to not let the monies be forfeited and agreed to hold them for a later date for if and when the Robinsons decided it was a better time for them to execute the purchase of two properties. We have emails supporting how thankful the Robinsons were for us doing so. The were very appreciative at the time.
 
Recently I was at another event and a student informed me of this online slander which I had no idea was posted here until I looked for it. It didnt take long for me to realize it was Bill and Diane Robinson but I was puzzled by this as I went the extra mile protecting their monies and not allowing the deposits to be completely defaulted. So my associate Andy Brown contacted Mr. Robinson who told him Yes well I thought about it and I changed my mind on how I feel about it Then proceeded to use foul language during the conversation. This was not a shock as it seems like Bill Robinson changes his mind on most everything he does or agrees to. As he mentions in the same rant that he chose to pay Armando his fee for the training and mentions how much he learned from him but now wants his money back and is slandering Armando as well.
 
In closing I hope this rebuttal helps make the point that this site which may help expose some real rip off artists also can serve as a forum that can taint the good name of many good people. You decide?
 
Our company will be filing a slander lawsuit against Bill and Diane Robinson for their unfair and non factual post. As you know reputation is really everything and we are all one mouse click away from reading or determining  an opinion of someone. But it is a shame when the character of an individual is slandered and they are not worthy of the slander. This can cost them their reputation and livelihood in the process.
 
Respectfully Submitted,
 
Nick Vertucci     
nick@nvcompanies.com
 
P.s. The post below where some woman named Lucy piled on and posted she has a friend who was ripped off by me for 800k. Well that is the most absurd thing I have ever. Lucy my reputation is very important to me and my company will be contacting the website company and will be requesting your contact information so you can in fact provide any information or support to back up that careless post. Of course you will not be able to as it is not true. You will be added to the defamation/slander lawsuit as well.               
 

So, does anyone out there know of any class action lawsuit in process against this crook?  He stole approx. $37K from me and I've been searching for a class action for the past 2 years.  I am aware of Vertucci as well.  Fortunately, I personally was not ripped off by him, but a friend of mine was - to the tune of over $800K!  He has sought legal action on his own.  I fought and lost through the credit card company because they didn't take action immediately when I reported the problem, but still I have been paying 19.99% interest on this bill for 2 years and it sickens me that he still even solicits me when he's in the area!  These people sure aren't conscientious with the paperwork and tracking their many disgruntled customers.  Please please please - if anyone out there knows of a class action, please advise.  Thank you.