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Updated about 18 years ago on . Most recent reply

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4
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Sandi H
  • MD
0
Votes |
4
Posts

Co-Op Purchase Opportunity Question

Sandi H
  • MD
Posted

Hi, I have just come across an opportunity to invest in a "Co-op" I am not familiar with investing at all, so this is where I need help to find out if this is a great deal, good deal, or not a deal at all. They are asking 7K to purchase a share, with monthly payments of $732 for the next 5 years. Eventually the co-op , which are now townhomes will become condo ownership. In 5 years I will have the choice of purchase for below market value (of about $40-50K) and I also have the right of refusal to buy or sell my share. So could someone please tell me is this something that I should invest in as a starter investor? Thanks for your input!

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