NEW YORK, June 1, 2012 /PRNewswire/ -- Armando Montelongo, real estate expert and CEO/Founder of Armando Montelongo Companies, today announced the acquisition of a Berkshire Hathaway property in San Antonio, Texas, where he will be establishing his new company headquarters. The property, located just off of the Wurzbach Parkway, will also provide office space for businesses in the area.
As an influential businessman with diverse interests across multiple platforms, Montelongo has built a powerhouse portfolio of companies that span real estate, education, and investment. With the acquisition of this new property, Montelongo will contribute to the revitalization of the local economy.
"I chose to open the headquarters of Armando Montelongo Companies in a city that I want to see grow and thrive," says Montelongo. "San Antonio is not only my home, but it is also an epicenter for the arts with a diverse culture and fantastic nightlife. It is a great community for developing businesses to reside in," he adds.
The property was originally owned by Berkshire, a corporation led by Chairman and CEO Warren Buffett that engages in diverse business activities, including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.
Montelongo's real estate education company, Armando Montelongo Companies, Inc., provides courses on purchasing real estate, renovating and ultimately flipping them for profit. The company was ranked the #1 education company on Inc. magazine's 30th annual "Inc. 500" list of fastest-growing private companies and #19 overall on the exclusive list of 5,000 of America's top independent entrepreneurs.
About Armando Montelongo
Armando Montelongo is the "face of flipping." He is known for his ability to purchase homes, renovate and sell them for a profit time and time again. His real estate investment seminar business, Armando Montelongo Companies, Inc., teaches people across the nation his proven strategies to make money through real estate in any market condition. A self-made success, Montelongo went from being broke to becoming America's largest residential real estate investor in fewer than five years. He is the creator of Flip and Grow Rich, a series of how-to real estate books and DVDs. Montelongo is widely known as the tell-it-like-it-is host of A&E's hit reality show, Flip This House. To find out more about Montelongo, visit http://www.armandomontelongo.com
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SOURCE Armando Montelongo Companies