Armando Montelongo

In 2001, Armando Montelongo says he was living on food stamps, barely scraping by. But within a couple of years, he claims he went from $50,000 in debt to flipping over 300 properties a year, becoming a multimillionaire, and founded The Armando Montelongo Company. Montelongo says he does not like to play up his Hispanic roots as an entrepreneur. “When people go and use their ethnicity for a crutch or a springboard, it creates a weakness,” he says. “I’m not known as a Hispanic businessman, I’m known as a businessman.”

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