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Updated almost 6 years ago on . Most recent reply

User Stats

20
Posts
11
Votes
Ty Patillo
  • Commercial Real Estate Broker
  • Columbus, OH
11
Votes |
20
Posts

50 Unit Multi-Family Co-op Deal

Ty Patillo
  • Commercial Real Estate Broker
  • Columbus, OH
Posted

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!!

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