Armando Montelongo's Net Worth?

Armando Montelongo has a net worth of $50 million as a real estate developer and TV personality in the United States. Armando Montelongo is the creator of the Armando Montelongo Companies, a property investment seminar company based in San Antonio, Texas. It was named one of the country’s fastest-growing firms and the top education company in the United States in 2011.

Early life

In 2001, Montelongo returned to his hometown of San Antonio, Texas, from California, and began a career as a real estate investor. In 2005, he began delivering real estate seminars, and in 2008, he founded Armando Montelongo Seminars. Information about the company’s $1,500 three-day workshop as well as a $25,000 in-person training workshop with Armando Montelongo are available at the company’s seminars.

The Texas attorney general investigated the seminar company in 2011. Montelongo agreed to settle the case without admitting wrongdoing and signed an “Assurance of Voluntary Compliance” outlining 20 conditions that must be met in order to continue marketing the seminars, including not making any false claims and stating that the seminars are primarily used to sell goods and services.

Montelongo sponsored an Indy 500 race vehicle with Conquest Racing in May 2010. Mario Romancing, the driver, finished 13th, making him the year’s quickest rookie. He sponsored another car with Conquest Racing, this time driven by Pippa Mann, a year later.

Montelongo was featured on Undercover Boss on February 6, 2015, in which he pretended to be an electrician, a seminary student, and a call center employee “to examine what maintains his real estate investment company on solid ground” and make sure nothing suspicious was going on.

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Career

The second season of Flip This House was recast with two teams: Montelongo’s team from San Antonio and another rival from Atlanta, following the first season’s cast. On the A&E show, he and his then-wife Veronica, Brent Holt, and Randy Burch were known as the San Antonio Team. He was a three-season regular on the show.

Montelongo founded “Armando Montelongo Productions” in 2011 to produce the feature film Line of Duty. The film was set and filmed in San Antonio and is described as an “urban criminal drama.” Bryan Ramirez, a San Antonio native, wrote and directed Line of Duty, which starred Jeremy Ray Valdez, Will Rothhaar, Walter Perez, Joseph Julian Soria, Will Estes, Vivica A. Fox, Fernanda Romero, and Jesse Borrego.

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Montelongo was the executive producer of the picture. The film’s projected $2.5 million budget launched in February 2013, with a September theatrical release and a December DVD release planned.