Tom Martino, bankrupt Troubleshooter, to be featured speaker at wealth-building convention?

tom martino head shot 2011.jpg
Tom Martino.
That old saw about timing being everything certainly rings true in the case of Troubleshooter Tom Martino. On the same day he talked about being humbled by filing Chapter 7 bankruptcy due to alleged real-estate liabilities of $78 million (a figure he disputes), the Colorado Association of Real Estate Investors announced the lineup for October's Real Estate Investors Wealth Building Convention. And guess who's scheduled to talk about "Timing the Market"?

Here's the Martino-touting blurb on the website for the convention, slated to take place October 15 and 16 at the Crowne Plaza Hotel DIA:

Tom Martino is a well-recognized name in Colorado. He is the host of the Troubleshooter Radio Show in 630 KHOW every day, and host of Martino TV on Fox31 News. Tom has been a vocal consumer advocate and media personality for many years, but is also a real estate investor with over 30 years experience. By timing the market, he has made (and sometimes, as he will admit, lost) a fortune in real estate. He will share his thoughts as to why NOW is the ultimate time to buy Colorado real estate!

This description is obviously a bit out of date. For one thing, Martino TV is off the air, and his contract with Fox31 wasn't renewed. As for his success at timing the market, he told us yesterday, "I didn't exit when I probably should. You just keep going and hope you can maintain your property, but sometimes you can't."

Then again, he may be able to speak eloquently about Colorado real estate bargains. After all, the banks that will end up with the properties he'll no doubt surrender as a result of his bankruptcy may well peddle them at heavily discounted prices. And he does know plenty about building wealth. Holding onto it is another matter.

More from our Media archive: "Tom Martino to charge big bucks for his endorsement on Martino TV."

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6 comments
Ricky Theil
Ricky Theil

I called Tom's radio show over a year ago to get some advice on a battle against my HOA where mold was involved. They brought on a mold expert, and let me tell my story. But halfway through, Tom ASSumed he understood my situation, kept talking without allowing me to correct him, then disconnected my call and finished his conversation. The advice I got was 100% useless, as he told me to deal with my insurance. If you aren't a complete idiot, and you have dealt with any sort of home insurance post Katrina, you know that flood insurance is handled by FEMA, and by default, any homeowners or condo owners insurance policy contains wording that does not allow mold claims to be filed. I didn't know this at the time of my call, but 15 minutes of additional research gave me that answer.

I just don't understand it. I brought Tom a sensationalist story where my HOA board members were individually attacking me, and not fixing flooding problems from the common area resulting in mold growth. He could have had a hayday with these people, asking them why they refuse to comply with tier own HOA rules and regs, but they are in capable of the same. But Tom didn't give a crap, and gave me advice that was totally worthless. What a piece of trash. And to think that I used to think he did great things for people.

Frank Lucas Harlem
Frank Lucas Harlem

I hear a rumour that when the creditors are about ready to throw the net over the millions in wife #2 (or is it 3?) aquired munny, KHOW will drop him. Wasn't his current wife his producer before marriage? Maybe he could sell cars with Officer O'dell or with Purifoy.

guest
guest

Wait, didn't he just say in a different Westword article that he will probably never invest in real estate again?????? GREAT choice for a speaker at a real estate conference.

William Bronchick
William Bronchick

More can be learned from someone's mistakes than only his successes.  Tom will talk about what he did right, what he did wrong, and what he would have done differently.

Light Rail Tattler
Light Rail Tattler

A couple years ago, Westword covered one of The Troubleshooter's properties in the 500 block of Park Avenue West. The property was an 8 plex occupied rental unit before The Troubleshooter bought it. The Troubleshooter kicked everyone out and abandoned it. The Troubleshooter never checked on the property even after Jared wrote it up in the Westword. The Troubleshooter was in need of a property manager to cut the weeds and call the cops on vagrants. I tried to contact The Troubleshooter by email at FOX News and offer my services for a hundred dollars a day. The Troubleshooter never replied, just like his neglected properties. I think Tom Martino is an idiot.

Michael Roberts
Michael Roberts

William, thanks for the post, which we're going to make an upcoming Comment of the Day. Much appreciated.

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