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Updated almost 6 years ago,

Kevin Danikowski's profile image
Kevin Danikowski's profile image
Kevin Danikowski
  • Rental Property Investor
  • from Chicago (suburbs), IL
  • Member since Jan 3, 2019
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User Stats

29
Posts
4
Votes
Kevin Danikowski's profile image
Kevin Danikowski's profile image
Kevin Danikowski
  • Rental Property Investor
  • from Chicago (suburbs), IL
  • Member since Jan 3, 2019
Connect
Kevin Danikowski
  • Rental Property Investor
  • Chicago (suburbs), IL
4
Votes |
29
Posts
Multi-Family and Apartment Investing

Owning Majority Stake in Condo Association... Risks??

Kevin Danikowski
  • Rental Property Investor
  • Chicago (suburbs), IL
Posted

I'm having difficulty finding this information. 

I am looking at a condo package deal in which I would purchase multiple condos and own majority stake in the association. The 3-5 year goal is to convert it into an apartment building (deconversion). 

What are potential foreseen risks of a deal like this? 

It has a cap rate I'm looking for. I understand running an association likely takes a more work. Anything I should be weary of?

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