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All Forum Posts by: Ralphy Rosado

Ralphy Rosado has started 38 posts and replied 102 times.

Post: subject to investing

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

hello there i am interested in buy rental properties subject to. would anyone know how or where i can obtain the contracts and how to perform the procedures step-by-step thank you for you time.

Post: Subject to mortgage investing

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4
Originally posted by @Jon Holdman:

Buying subject to is not much different than any other purchase.  The existing loan is simply left in place rather than you getting a new one.  The downside is the fact you're violating the terms of that loan and that give the lender the right, but not obligation, to call the loan. If you go down this road, be prepared to pay off the old lender if they do call it.

Don't fall for the guru BS about trusts.  At best they obscure the ownership.  There is NOTHING you can do to avoid violating the due on sale clause.

 Hello there Jon. Ive read you comment and like the word of wisdom. I was wondering if you would have the contract that would be needed to purchase a subject to. and how to go forward with it step by step thank u

Post: subject to investing I need help

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

Hi everyone,

I'm just getting started with little experience and minimal financial resources. How do I take my first step with subject to deals? Also, are there any local investors in the New York or New Jersey Area that can teach me about land trusts for our state through this site? I've become familiar with subject to investing but would love to learn more about these deals in my market. Also, how do I create the contracts needed for these deals? I'm very humble and just simply want to get my start this year as I am highly motivated and eager to learn. 

I am looking to learn more about subject to existing mortgage or lien. I would like help obtaining the contracted needed to do so. is there different contracts for the 2 .thank you. 

Post: Rehab and flip

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

I am looking to go into rehabbing and flipping property. I would like to know what do you guy think of the business and I am looking into florida. I invest in rochester but i feel it better to rent there

Post: contract for wholesaling

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

Is there a link to download a subject to mortgage agreement, Im also looking for link or site where I can down load contracts for wholesaling , contracts with general contractor with there a time limit frame, and also a lien waver the contractor should sign when they are pay when work is done. Thanks guys

Post: contract with general contractor with time frame

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

Is there a link to download a subject to mortgage agreement, Im also looking for link or site where I can down load contracts for wholesaling , contracts with general contractor with there a time limit frame, and also a lien waver the contractor should sign when they are pay when work is done. Thanks guys

Is there a link to download a subject to mortgage agreement, Im also looking for link or site where I can down load contracts for wholesaling , contracts with general contracts with there a time limit frame, and also a lien waver the contractor should sign when they are pay when work is done. Thanks guys

Post: Subject two

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4
Originally posted by @David Dachtera:

@Ralphy Rosado,

You'll want to search the forums here on BP for "Subject to" (the existing financing). Lots of good info here. I think there may even be a forum for that - check the list.

Thumbnail sketch: you take title to the property and agree to make the seller's payments.

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict

 thanks for the info. Going to def try this out I'm excited

Post: Refinancing a rental property

Ralphy RosadoPosted
  • Investor
  • Brooklyn, NY
  • Posts 117
  • Votes 4

do recommend any banks