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All Forum Posts by: Richard Armendariz

Richard Armendariz has started 2 posts and replied 6 times.

Post: ADU income and taxes

Richard ArmendarizPosted
  • Lender
  • Ontario, CA
  • Posts 6
  • Votes 1

I am thinking about putting an ADU property in my backyard. Can anyone help me with a great company? That helped them through the whole planning.

Hi I am new to out state RE Investing. Has anyone worked with Morris Invest?

Post: Could someone Help me answer this question

Richard ArmendarizPosted
  • Lender
  • Ontario, CA
  • Posts 6
  • Votes 1

My Q: My father owns his house clear and Free, about a year ago he open up reverse mortgage.He asked me about a six months, if I would like to buy from him for $150,000. It's worth around $475,000.My mom and dad both live in this house, both ages are 76years old, in good health.I don't have the $150,000.But what I was thinking of doing, giving them $25,000, down and make their payment the Reverse Mortgage, is paying them.They will still live in this house till they pass. Has anyone done this before? Does anyone have any other Ideas? I live in California.

Post: Real estate Investor

Richard ArmendarizPosted
  • Lender
  • Ontario, CA
  • Posts 6
  • Votes 1

Thank you, for responding.The  Academy, is a step-by-step in learning how to flip properties, from Wholesaling, Rehabbing, Direct Marking, Hard Money, Private Money, Analysing Deals. Deals with the students....Ect. So much more..... This for beginners and Advance students. 

Post: Real estate Investor

Richard ArmendarizPosted
  • Lender
  • Ontario, CA
  • Posts 6
  • Votes 1

My name Richard I am a Real estate investor in Ontario,Ca..

Been a private Lender for two years know for a company Fortune Weavers.

I am looking for a partner that I could work with and someone that we could keep each other accountable for our Real Estate.

I am joining Fortune Weavers Academy, to get my real-estate business to the next level.

Post: Money to start Investing

Richard ArmendarizPosted
  • Lender
  • Ontario, CA
  • Posts 6
  • Votes 1

Hey Daniel,

I would get more educated, on one thing, become a expert at that one thing, be it wholesale's.This is one of the safe's way to start off with little money, or no money.

Make money doing this, then learn something new, and make more money.