BRRR and cooperative apts or single or 3 mult unit

[Lily Ochoa]

Hello all am ready to do this ! I just don't know which should be my first coop apt where am presently living since 2007 one of the advantages of buy a unit where I currently live is no broad approval since am already an owner. Am allowed to rent out unit without waiting for a year. Minus all the headaches of owning a single home since you have to be called for any problem. Since am starting out am lending toward purchasing in the coop to fix either rent out or do a BRRR which do you recommend. My unit is almost paid out will just have a mt fee of 650 a mth if to rent out its going for 2100 mth in area. Was planning on using the equity on my coop to use it recent sales for same 1 bedroom was sold for 380k any advice would be great thank you!!!