MIAMI—Flipping. Yes, it's still a trend. The difference is the trend is edging up on the value scale—and Armando Montelongo is smack dab in the middle of the action.

In this exclusive interview, GlobeSt.com caught up with Montelongo, a real estate entrepreneur best known for his role on the A&E reality TV show Flip This House, to get his take on million-dollar flipping. We also asked him about the principles for success and his secret sauce in this luxury sector.

GlobeSt.com: The past few years there has been tremendous focus on all the foreclosures of homes for the lower to middle class, but in addition to those opportunities, you saw another niche in million dollar properties. Why do you contend that the wave of all these new million dollar listings (in line with Bravo's newest show, Million Dollar Listing Miami) are a cracked foundation for what will follow, million dollar flips?