Cooperative Condominiums

[Alexandra Preziosi]

I am a new, aspiring real estate investor for New Jersey with limited disposable income, so New Jersey's high priced housing and high property taxes have definitely made it difficult for me to find a feasible him investment to say the least. I do, however, come across some cooperative condo listings that are very enticing due to the relatively low cost listing compared with a similar non-coop in the same area. My question is whether these coop deals are ever worth looking into? I understand one constraint is often the inability to rent out the space, which seems to be pretty major. I am just wondering if perhaps these sort of properties might be a good buy and hold property instead? Also if anyone has advice for a new investor in NJ, all suggestions are appreciated ! Thanks!