All Forum Posts by: Jonathan Makovsky

Thanks so much @Brian Gibbons.

Just so I understand correctly, can you confirm if this is correct:

- Option 1) Purchase subject-to, then re-fi out. [Good option.]

- Option 2) Purchase subject-to, then fix-and-flip it asap. [Good option.]

- Option 3) Purchase subject-to, then sell it with existing financing in place to new buyer. [NOT a good option.]

What risks will we be contending with on a "Subject To" flip deal that we are acquiring? 

We understand the bank can call the Due on Sale Clause, in which case we expect to have 30 (90?) days to pay the note off, is that correct? The Sellers understands that their names will still be on the mortgage. 

What other risks/concerns should we and the Seller be aware of? 

Thanks in advance.

@Jin Lee, my three suggestions that apply to our market and all the others:

• Educate yourself on what REI you want to do. No need to over-educate, but you need to speak the lingo and know what to/not look for. [BP is the best place for that - so you already are on the right path.]
• Look at a lot of properties.
• Network.

Feel free to PM me if you have some specific questions.

Welcome @Jin Lee. 

I can relate, I was a CPA and was very close to going to law school to combine a JD and CPA, and I invest in CT. Looking forward to seeing you around the site and hearing of your successes.

Hi Connecticut Investors,

TONIGHT is the March meet-up in Fairfield, CT and looking forward to seeing the many people there. This is a great place to network and meet people in and around Connecticut (New Haven County, Fairfield County, Hartford County, Middlesex, and more).

Hope you all can make it - and please post of you can.

@Michael Lovell@Scott Gombar@Vonetta Booker@Rebecca Peters@Des Shei@Alexis Pettway@Rick Goldenberg@George Paiva@Luis Saez@Cameron Norfleet@Gregory Bennett@Paul Zanger@Jason Roberts@Paul Janerico

Welcome @Roxana Almanzar. As @Karin Crompton mentioned, you should first decide - if you haven't already - what type of investing you want to do?

If you know that already, I'm sure a lot of people in the CT area can steer you in the right direction. If you don't know what investing you want to do - and it's okay not to know what type of investing you're interested in - then BP is the best place to get started (and best of all it's FREE).

Best of luck on whatever path you choose!

Welcome @Oliver Alfaro!

@Ravi R.  leads. You might want to go to one of those to learn more about the market.

@J Scott

and if you want to be a good mentee, here is an excellent article written by Fast Company that can make your mentor want to work with you more: http://www.fastcompany.com/3043724/hit-the-ground-running/what-it-takes-to-be-a-good-mentee

@Kyle Hipp Seemingly good problems to have. Looking forward to following this thread.