All About armendariz5

armendariz5's picture
Richard Armendariz

Topics I've Participated In

Basic Info

Work for the State/New Invester
My Pets Are My Kids
Some College

Sites I Visit

Mainly Just This One


Homes out of state

armendariz5's picture

I would like to know if thier are any one that is doing well in california, all the storys i hear, are from other states. Should i go out of state to make deals?

Mobile homes

armendariz5's picture

I am new, is thier some that could tell me if Moblie Homes are somethig good to invest into.
thank you

Welcome Richard

JJD's picture

Hello and Welcome to the DG Community!
May You have Great Success on your Journey! You will find a vast array of information at your disposal on this site. Most of your questions can also be answered by researching in some of the Forums, Posts, and other links available. It would also be to your advantage to complete your profile to it's fullest.

Also, Mobiles are relatively decent especially, to start off with. Make sure you do not exceed budget and to consider what remodeling costs would be.



armendariz5's picture

thank you. for the reply.


armendariz5's picture

My second day, going threw the information,WOW!!!I am very new at this but i could fill it.i need to get pass finding a Real Estate agent so that i could go on.I read some more information that dean gave me on this program, and didn't get my agent.if any body out there is going threw what i am. Help me get pass that.Thank you.

do you know where i can find

do you know where i can find warrantee deed and affidavit of memorandum forms. I need them for the lease option purchase. can you please help me?

Hi There, Have you went to

armendariz5's picture

Hi There, Have you went to dean, Main Sections, to the left side of website, go to Forms. They might have it there. good luck.\

Welcome Aboard

keb64's picture

Welcome to the site and the family. Take some time and do your bio so that we know who you are and what it is you are trying to do here. If you need help with one on one mentoring or have a question just PM me..

Homes out of State

Hi Richard

I live in California as well and have been looking at both small properties and Mobile Homes.
Basically, your question "is California a good place to make deals or other States better?"
The answer depends on what type of property you are looking for and how much money you have to invest.
CA is probably one of the most expensive places besides NYC to make deals.
Even when you are looking at Mobile homes the cost is outragous.
I have concluded that to deal in RE here in CA you need money or really good credit and both would be better.
I chose to move to Oklahoma City and purchsed a 2bd 2bth 2car garage Townhome like new for $83,000.
The same home in a comparable neighborhood here would be around $175,000 or more.
Personally, I feel Mobile Homes are not a good investment.
You may be able to pick one up for cheap and fix it up to flip but finding a buyer is more difficult than a home. So you can expect to sit on the Mobile home investment much longer, thus costing money.
I suggest you keep researching this web site and others.
It takes time for most people to even get a foot in. Once you have made that first deal you better make sure it pays a profit.
Do your due diligence.
Will Roach

Your strategies

Anthony Davis's picture

It is always my pleasure to meet another member of the family here. I joined last summer.
I'm very late to reply to your investing questions; but I would like to say, "Change your strategy to fit your area."
If homes are expensive 'in your backyard' think of how you can make money. For example, find vacant homes. You could locate the owner(s), then set up a deal for lease purchase, or some other deal. Example 2, create a "Marketing Consultant" contract (see a real estate attorney). Have vacant property owner(s) or Owners that are advertising "FSBO" sign marketing contract with you and witness, then notarized document. Afterwards, use your marketing skills to market property in free ad websites to sell for a profit. Be creative while consulting your professional investing team members. To Your Success.
Freedom Seeker


armendariz5's picture

I have a question I own a home that has equity have never done refinance and I was thinking about refinancing and pulling out some money so they could use that money to reinvest in purchasing another property. Is there someone in the DG family that would be willing to assist me with this.

Refinancing and taking money out

armendariz5's picture

Hi there anybody out there in the Dean family that has used a refinance company that was cheap and great service and made you feel that you would like to share their business with everyone you talk to about.i'm looking to refinance and pool equity out of my house so that I can start investing in real estate thank you summer can help me please get back with me ASAP Richard


armendariz5's picture

I am looking at a Turnkey rental, for $71,000, cash flow is $250.00 a month and COCR is 16.92%, so if I buy it and refi the house total cost for me is $17,750.
But when I looked a Zillow the properties in that area are $87,000 to $97,000. But Zillow shows that house equity over the next ten years not much change.Zillow shows that property at $43,000. I am looking for rentals back east to grow my portfolio.