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Updated over 7 years ago,

Jason Guinard's profile image
Jason Guinard's profile image
Jason Guinard
  • from Hackensack, NJ
  • Member since May 5, 2017
Connect

User Stats

35
Posts
8
Votes
Jason Guinard's profile image
Jason Guinard's profile image
Jason Guinard
  • from Hackensack, NJ
  • Member since May 5, 2017
Connect
Jason Guinard
  • Hackensack, NJ
8
Votes |
35
Posts
General Real Estate Investing

Pitfalls in a buy & hold co op?

Jason Guinard
  • Hackensack, NJ
Posted

New to REI, I have a seller that is willing to seller finance a sfh deal in a co op for $140k. Needs about 2-3k in touch up's I have the credit for other options, and about 70k equity in my primary. In the market it is in I can rent it and net about $200/month.

Two questions, what would my best purchasing option, and are there any pitfalls to buying in a co op?

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