All Forum Posts by: Joel G.

But to clarify...If you only found good things about montelongo you are in the minority...I can find websites that say hitler was great...that don't make it so.

Would love for you to hook us up with "plenty of people out there who are happy with this guys services"

Also, I am not against capitalism...shop where you like...fine with me...never said anyone was a crook simply for pricing their goods differently. The point you keep missing (in your other post and last one as well) is that in either example you are not getting what you were promised....

Milk $4.00 vs milk $6.00 your choice but you are still getting milk.

$40k for personalized mentorship blah blah blah vs $997 for a course on house flipping are 2 different animals...especially when the $40k guy takes your money, walks you to the river and then says...that'll be another $40k....that's not what "mentorship" is. And abrasive as it may be to you...that's just common sense to most.

I'm in emergency medicine...after paying for your health insurance....how would you like your doctor to get halfway through a procedure only to say....uh sorry that'll be another $xxxxx to show you how we finish this heart transplant...or is that his right too?

200000+ posts on BP and their was ONE where someone was jealous...that's your yardstick for comparison of how most people feel about things? How about the rest of this topic alone??

My last statement about weeping for the youth...I stand by...as did generations before me weep for us...because (as a general rule) you don't have enough experience yet to know the implications of what you say...don't worry though...right now I'm the bigger fool...for caring enough to try and lead the un-leadable down a more righteous path...you know like giving a crap whether someone gets ripped off.

And while you may think the info here on BP is stale and the same tired advice...it didn't cost anyone half a years salary to get it....that's my point.

I'm sure we will end up friends Adam...but right now you're channeling my younger brother who loved to argue, but never gave himself ground to stand on...in other words it's not a discussion it's just exhausting.

So, I surrender...whatever you come back with is the smartest thing I've ever heard and you've totally turned me around on montelongo...I'll be calling a him for a date.

0 Votes

My wife and I want a different life...where we are not accountable to anyone but ourselves...who doesn't right?

If you click on my bio you will see our basic background and goals...short...I promise.

We are not beholden to any REI discipline and do have some skills.

We have a SFR in Las Vegas that is rented to a family member for cost...so no cash flow, but well kept and debt pay down and has approx $70k in equity and can be disposed of as necessary. We have a home in Silicon Valley with approx $200-250k in equity (depending on which RE Agent we speak with) and which we are willing to sell to help bankroll our business. In addition, we have approx. $250k in 401Ks we are willing to structure in a way that will allow us to get at...at least 50% or more (at least that is what we have read here). We would love to leave our jobs but are willing to stay to facilitate things. Our salaries are around $200k combined.

Tammy and I are in our mid/late 40s and our goal is to be able to have enough freedom to travel and take care of our families while we still have our health and are young enough to enjoy those experiences...whether that takes 5 yrs or 25 yrs.

We aren't strangers to hard work and are willing to do so to get started.

So if you were starting over and had these resources and the willingness to use them...what would you do??

4 Votes

Hello all...I've been reading BP for a while and joined about a week ago. My wife and I live and work in the middle of Silicon Valley. We are originally from Texas and we own a SFR in Las Vegas that is rented (with a story)...more about that at a later time. We are currently finishing renovation on the home we live in, and I have extensive experience with remodeling, renovations and landscaping.

My wife Tammy is a legal asst in a worldwide law firm, and I work as a Emergency Room nurse.

I am more of a novice in RE investing and have been studying for quite some time...but have trouble pulling the trigger at times...paralysis by analysis. While Tammy is very new to the arena.

We just wanted to say hello and that we hope our experience will add to the community at large and hope to learn from all of you as well.

3 Votes

BTW...don't know why it says this is my first...I'm new but not my first post at all.

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Originally posted by @Adam Hershman:

Originally posted by @J Scott:

Originally posted by @Adam Hershman:

The getting into debt part is also not something that is exclusive to gurus, hell, there are 100s, probably 1000s, of posts on BP forums promoting the same type of strategy that they use. Essentially leveraging out cash and getting into massive amounts of debt.

There is a big difference between secured/leveraged debt and unsecured/unleveraged debt. To lump them together in comparison is laughable...it's like saying, "A pound of gold is no different than a pound of salt-- they're both a pound of natural mineral!"

I completely agree, I'm just saying the system that is most often used by guru's is to buy distressed properties, minimally rehab them, and then sell them at a guaranteed enormous profit. Now besides the "guaranteed enormous" that sounds like any number of BP threads that have been posted time and time again. Sure the guru types are more about excitement and emotional decision making, but that's sales 101,

Like I said I get why most people hate the guru programs, and I certainly would never pay for one. That being said, if you break down what they do, and compare it to similar companies, it doesn't seem to warrant the extreme hatred they get on BP, unless maybe people are just jealous that these guru programs can make $40,000 for listening to questionable advice, when no one will listen to their good advice for free?

Granted, I agree that their sales practices are very sketchy and intimidating, but that can be the case in many industries. I did consulting work for a car dealership about a year ago, and they were bleeding money because they were an old school, hard sell dealership. No one hated them for it, they just chose not to buy cars there. That's why I don't understand the extreme reactions from people, if I said I could turn lead into gold and ill teach you for $100.00 and then got out a can of gold spray paint, would I be evil for taking your money, or would you be silly for giving it to me?

Again, no real interest in any of the gurus or programs, just fascinated by how polarizing they are.

Adam

So Adam....let me start by saying that I am not trying to be abrasive....it is truly not my intent....and I am new to BP....with that said I will stick my head in the lions mouth...

Montalongo has a HORRIBLE reputation....for all the reasons stated here...look him up at all and you'll see why....chapter7 for his personal, while his "company" (by and large connected is making money hand over fist teaching about how to become successful like him)....sleazy behavior. Suing his brother, the way he treats everyone...it's all out there....so yes sleazy behavior to say the least.

Second, folks here, nor anywhere, are jealous that anyone would pay them for advice they could offer for free....that's not the point....folks don't like other people being taken advantage of....if he was truly "teaching" these folks how to be successful...then why does no one ever hear about the great success stories coming out of his service?? Other than the unverifiable shills that tout 1 amazing deal in their first 30 days of business....nothing.

As big as BP is don't you think that there would be a plethora of folks here saying that his program was worth every single $40k+ they paid for it...you not gonna find it sir. So...no...no one is jealous of a guy like that...just sorry that others got duped.

Third, if you were selling the idea that you could turn lead into gold....you would definitely raise some eyebrows...maybe even get some folks to pay you for the privilege of listening to your program....but here's the difference (and, frankly, it's more than disconcerning that you don't get this) you sold them on the fact that they could turn LEAD into GOLD, not turn LEAD PAINTED GOLD....and that young man is the difference...they are not dupes...you sir are a criminal...it's called fraud....easy to figure in your scam...harder in the real estate game...but it's all the same.

So when you sell your next property, and bill it as having "unique plumbing" (or whatever) and then justify the sale by fact that the buyer should have been more savvy....just remember that someone trusted you...and you screwed them over for a buck...because in your words they were "silly to give it to you".

I'll wait for YOUR program to show up for sale to see if I'm right...and hopefully you'll prove me wrong and DO THE RIGHT THING.

I swear sometimes I weep for the youth. Good luck.

0 Votes

All Forum Posts by: Joel G.

Joel G. has started 4 posts and replied 65 times.

Post: Why does everyone seem to despise Armando montelongo?

Post: If you had these resources...what would you do??

Post: Hello from SF Bay Area....

Post: Why does everyone seem to despise Armando montelongo?

Post: Why does everyone seem to despise Armando montelongo?