Wednesday, September 29, 2010

Wall Street Money Never Sleeps

I watched the Movie Wall Street Money Never Sleeps because my mentor Armando Montelongo tweeted on Sept. 24th "Any self respecting Shark or Wolf Pack member will watch: Wall Street Money Never Sleeps, this weekend!"

Unfortunately I watched it before I read his tweet on Sept. 27th "My mistake, Wall Street 2 sucks. The original was legendary. I'm inspired to write a great money movie considering my disappointment."

I enjoyed the movie despite Armando's comment. I do agree Wall Street Money Never Sleeps was not that great of a movie compared to the original. Sequels hardly ever are in comparison. One thing I've learned is anytime I watch a movie I am always looking for what I call "Golden Nuggets" These are things that I can implement in my life and business. Wall Street Money Never Sleeps was about Gordon Gekko's return after 8 years in prison for insider trading. Gordon Gekko was a shark when it comes to Wall Street but there was someone else that caught my interest in the movie.

Billionaire Bretton James (actor Josh Brolin) was a backstabbing business man but had some great words of wisdom. He says two Golden Nugget statements in the movie. He says " I think every man should have a mentor and a protege at least one time in their life." I totally agree with this statement. This is why I have Armando Montelongo as my mentor when it comes to Real Estate investing. If you want to be successful in any business you should definitely find someone who is already successful in that business and seek mentorship by that person. You can learn so much from them, especially what not to do. Armando has shared with his students what he did that did not work but most importantly what does work. The wealth of knowledge that you learn from a mentor is priceless.

Another statement made by Bretton James was " If you don't know what you're doing it can be FATAL." This is so true when it comes to Real Estate Investing. That is why it is so key to have a mentor to teach you the odds and ends of the business. To have someone to run deals buy and ask for advice is so important in your success as an investor. I would have never invested out of state if I did not have Armando Montelongo and his amazing mentors show me the proper way to do it. To show me how to manage contractors from afar and be confident in the systems he has created. Without their guidance I would have not known what to do and it would truly have been fatal like Bretton said.

The last Golden Nugget that I learned from Mr. Bretton James in Wall Street Money Never Sleeps was this. Bretton James made millions of dollars by backstabbing his peers and participated in insider trading. These were highly unethical practices. In the end it all caught up to him. When you run your Real Estate Investment business make sure to run it with the utmost integrity. Investing is a people's business. You will ultimately make more money creating win win situations with the people involved. Most importantly you can sleep well at night knowing that you are not only creating wealth but you are contributing to the American Dream of Home ownership for tons of people. You don't want to end up like Mr. Bretton James.

Antonio Macias

Real Estate Investor




Tuesday, September 28, 2010

THE BEGINNING "First Bus Tour First Flip"

I called up Joe and asked him to go to this Real Estate Investing event that Armando Montelongo from Flip This House San Antonio was going to be at.  Joe was like "Armando who??"  Joe at the time had really no idea who Armando was like some of you didn't either.  Needless to say my buddy Joe made it to the meeting despite the crazy rain that was coming down that night.

We listened to the countless reasons why now was the time to invest in Real Estate from the several mentors speaking at the event.  Honestly I did not have to be convinced I already knew investing in real estate was the best way to build wealth but I just didn't know how.  I could see the look on Joe's face as the information was being layed out.  Joe had already done a flip and ran into a lot of issues in the process. He didn't make as much money as he expected and was already thinking about not investing anymore.  But I could tell he was getting excited about investing once again.

Armando Montelongo started to share his story about coming from living in his in-laws garage in California to being the #1 Flipper In The Nation.  His story was not only inspirational but gave us great hope.  Armando shared how he developed systems to flip houses and he was going to show us these systems if we decided to be mentored by him and his mentors.  When the time came to make the decision I turned to Joe and said "Are you ready to do this?"  as I stood up and headed to the back table to sign up.  Joe was in shock and followed behind me.  Everything seemed to be perfect timing.  My wife and I just paid off all our credit card debt so we just happened to have the credit available to pay for the mentorship program and the Armando Montelongo VIP Bus Tour.  I charged it up with out calling the wife because I knew she just might say no if I asked.

We did it!  Joe and I had no idea what we got ourselves into.  We didn't know where this decision was going to take us but we knew we had to do it.  Everything happened so fast from that point of decision.  We had a mentor come to Houston and taught us so much about investing in real estate and how to run your business.  Then after are mentorship Joe and I took the tour of a lifetime.  We went on the Armando Montelongo VIP Bus Tour.  We went on the very first Bus Tour and there was about 40 people.  Armando taught us how to assess properties and create flipping systems.  He changed our destiny in the course of 3 days.  We had a mind shift that changed absolutely everything. 

We purchased two properties in Southern California.  The very first property Armando Montelongo showed us on the Bus Tour was our first property that we purchased and flipped out of state.  We used everything Armando taught us and put it into action.  We were able to flip two houses all the way in SoCal from Houston TX.  We used the systems that Armando taught us and just as he said we were able to successfully flip houses from another state.  Check out the video and you will see our first California flip.  Our first flip is the light blue house that Armando Montelongo is standing in front of and teaching students how to properly assess properties and write out contractor bids.
Check out the video.

Antonio Macias

Real Estate Investor



www.armandobustour.com
www.armandolive.com