Samuel Carrara
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Is House Flipping Good or Bad?
What is house flipping? In real estate investment, it means buying a usually dilapidated house, remodeling it, and then selling for profit. House flipping was an innovation used by Armando Montelongo of San Antonio, Texas. In five years that he engaged in this business, he was able to establish his own company, Montelongo Homebuilders, which flipped 25 houses a week. This earned him tag as the "Flipping Machine."nnThe idea of house flipping is to find a rundown house or a pro
August 5, 2007
Article
From Failure to Success for Armando Montelongo
Armando Montelongo is the host of the hit TV show "Flip This House." He and his brother David are known as Residential Kings for hitting it big in the real estate business.nnPrior to his success, Armando Montelongo was so broke he was living with his wife and child in the garage of his in-laws. He was born in San Antonio, Texas, but was forced to move to California because of his wifes and unborn sons health problems. His job couldn't pay the massive medical bills that put hi
August 5, 2007