Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 05/06/2015

User Stats

33
Posts
1
Votes
Nelya Mushiyeva
  • Flipper
  • Cedarhurst, NY
1
Votes |
33
Posts

sell my current coop

Nelya Mushiyeva
  • Flipper
  • Cedarhurst, NY
Posted

Good evening,

I am an accountant and about a year ago became a landlord.  I currently live Long Island and own a coop in Queens that I rent out for 1950 a month. I pay for the property 847 maintenance and 886 for mortgage, so I get a little return.  I bought the place with 20% down, the property had appreciated in value quit a bit.  What should I do sell this apartment and see if I can find a multi family unit?

I was looking at out of state market, for instance North Carolina, South Carolina, Virginia.  Some of the multi family buildings cost just as much as my coop and adding all of possible rent assuming that its 100% occupies equals what I get for my coop.

Any thoughts?

Loading replies...