David
Montelongo - After Flip This House
Fans of real estate reality TV shows have been wondering what keeps David Montelongo busy these days after leaving “Flip This House.” He may no longer be in the limelight but one thing is sure, David continues to do what he loves doing and that is keeping his hands full with real estate projects. Being a member of the Montelongo family who’s well known in the Texas real estate business, David will never run out of things to do.
David Montelongo is now preoccupied with his new business that involves commercial real estate properties. This brother of
Armando Montelongo has put up Montelongo Developments LLC together with BAR-W Real Estate Investors of San Antonio, Texas. The two firms are now renovating and repositioning an office building at 8026 Vantage Drive located at the northwest section of the city under the so-called Vantage Point project.
The building covers an area of 30,000 square feet for the two floors with Montelongo Developments handling the construction aspect and BAR-W financing the purchase and rehabilitation of the structure. Some $300,000 is expected to be spent for the cosmetic repair of the building that includes repainting the exterior and interior, new carpeting and upgrading of the elevator, conference room and restrooms. David Montelongo revealed he is also considering adding several covered parking areas for tenants. Hopefully, when the project is done, the building’s occupancy will go up from its current rate of less than 70 percent.
The 8026 Vantage Drive building was actually bought by Armando and David Montelongo together. Some of their fans say despite David’s exit from “Flip This House”, the brothers are still working together with David just doing his part for a new company. David and his wife
Melina, who was also co-host of the TV show, have not fully revealed what prompted their decision to stay out of the limelight and if Armando and David have gone their separate ways. Both, however, share the same mission of sharing their success with the greater real estate community.
Montelongo admits this is his first time to venture into flipping commercial real estate properties which, he says, can give them bigger profits. And being the residential king that he is, David won’t have much difficulty accomplishing the project’s goals. A co-founder of the family-owned
Montelongo House Buyers, David has had many years of experience in purchasing, renovating and reselling homes in San Antonio. He became successful in his early 20’s as a construction manager and he still has a long way to go in the real estate business. Apart from the Vantage Point project, David is also now involved in the real estate investors’ workshop known as the T.R.I.B.E. Workshop which he co-founded. The workshop shares success tips with real estate agents.
The Montelongos continue to reap rewards for their endeavors in Texas. For ten straight years, the Montelongo projects have been recipients of the Summit Awards given by the Greater San Antonio Builders Association. In 2006 alone, they got three awards for the Best Remodeled Residential Project in various budget categories and another three for best color magazine ad, best direct mail piece and best website.
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