• Report: #837631
Complaint Review:

Armando Montelongo Seminars

  • Submitted: Sat, February 11, 2012
  • Updated: Sat, February 11, 2012

  • Reported By: Richard — Golden Colorado United States of America
Armando Montelongo Seminars
2935 Thousand Oaks #6-285 San Antonio, Texas United States of America

Armando Montelongo Seminars Deceptive Trade Practices San Antonio, Texas

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Armando Montelongo Seminars are a rip-off.

By using Deceptive Trade Practices the 3-day Seminar Attendee's are bombarded with Success Testimonials from previous seminar students.  What they don't tell you is that these students are in a program called the Master Mentor Program, which is not offered at the 3-day event, but is solicited to the students at the Property Flipping Bus Tour.  This is a guaranteed house to flip program for an extra $25,000.  This program then matches participants with investors and they are guaranteed a flip.

I attended the 3-day event in Denver,  May of 2011.  I signed up for the top program they offered at the event which was the Diamond Elite Membership.  Not until the last day of the Property Flipping Bus tour was I solicited for the Master Mentor Program.  I was told for $25,000 more I could be guaranteed a successful house to flip and split the profits with an Investor lined up by Armando Montelongo Seminars.  

In retrospect, I thought that the people in the testimonials were average students like me that attended the bus tour.  But they are not.  They have paid extra for the opportunity to get a guaranteed flip.  With over 400 people attending the bus flipping tour and only two or three real estate agents, hardly anyone who does not pay the extra $25,000 can even bid on a house.

I feel I was taken advantage of using Deceptive Business Practices.

This report was posted on Ripoff Report on 02/11/2012 01:00 PM and is a permanent record located here: http://www.ripoffreport.com/reports/armando-montelongo-seminars/san-antonio-texas-78247/armando-montelongo-seminars-deceptive-trade-practices-san-antonio-texas-837631. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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