Why does everyone seem to despise Armando montelongo?

[Rod Desinord]

A lot of these how-to guys seem to be not really liked much by investors I have noticed. 

[Patrick L.]

Armando was a great TV character, I found his show to be funny and entertaining. The issue is the only reason any of these TV flippers have the shows is to pitch their guru scams.  The TV shows are all scripted and are for entertainment only.

They offer these free "seminars" that don't actually contain the "star" you were hoping to see.  The seminars cover the following information

1. Call your credit card companies and ask for additional credit/Open new credit cards

2. You can buy houses with no money at all and flip them for huge profits!!! See step 3.

3. Pay $1-2k for the VIP seminar.  

4. Find an agent that will beg you for your business to blindly submit 100's of offers on MLS properties at 50% of the list price.

5. Market these properties to your buyers list for huge profits!

6. Since you haven't actually made those huge profits yet.....now you need to pay $30-50k for the hands on coaching so you can really learn how to do this.

7. Keep making offers on MLS properties and continue to try to wholesale them.

8. Figure out how to pay off all the credit card debt you just racked up when you haven't made a single dollar with their "method."