Any experience in co-op??

General Real Estate Investing
1

Hi my name is Tony.

i would like to know the pro’s and con’s of renting a co-op if you could rent.

i think its nicer then most houses in the area i’m looking to invest and you could get higher rent but is cheaper than most houses.

any suggestion…?

thank you.

2

Tony

I’m not sure what your asking, do you mean a real co-op like a new york co-op where you buying an interest in the enitity that owns the building, and many don’t allow units to be rented, and if they do the tenant has to be approved by the board and you have to give up your firstborn.