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Updated almost 4 years ago,

Chip Lambert's profile image
Chip Lambert's profile image
Chip Lambert
  • Professional
  • from Newark, DE
  • Member since Nov 24, 2013
Connect

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Chip Lambert's profile image
Chip Lambert's profile image
Chip Lambert
  • Professional
  • from Newark, DE
  • Member since Nov 24, 2013
Connect
Chip Lambert
  • Professional
  • Newark, DE
1
Votes |
5
Posts
Multi-Family and Apartment Investing

Multi Family purchase versus a condo complex? Same strategy?????

Chip Lambert
  • Professional
  • Newark, DE
Posted

I just received an offering memorandum for a 24 unit.  It is a condo complex.  They list the annual assessment as a monthly expense.  Will buying a condo complex work just like buying a regular multi unit complex?  How will it affect any value add strategy?  I've never seen a broker submit a condo complex before.  I wanted to get some input from others before I contact the broker.   Thanks.

Chip

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