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Updated over 5 years ago,
50 Unit Multi-Family Co-op Deal
I'm in the process of getting a 50 unit multi family Co-op under contract. The units are 2 story garden style(1,2, & 3 BD RM). Its a value-add opportunity.
Has any every purchased a multi-family co-op property before?
I've already consulted an attorney who has experience with HOAs & Co-Ops. They've reviewed the bylaws and advised me to dissolve the Co-Op as a contingency of the purchase.
I've identified a PM however, I need more info on vetting/interviewing them.
Can any one provide a list of questions to ask a PM to help me determine if I should use them or move on?
Thanks in advance for your input/insight!!