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Updated over 4 years ago,

User Stats

22
Posts
15
Votes
Billy Archer
  • Property Manager
  • Mount Vernon, NY
15
Votes |
22
Posts

Cooperative Apt investing for cash flow ?

Billy Archer
  • Property Manager
  • Mount Vernon, NY
Posted

Hello everyone. First time poster here, eager beaver newbie.

Has anyone on here bought foreclosed coop units for cash flow ? I don’t have any cash but I foresee that it could be profitable at the right price. I am raising capital for my first rental house, but I’m aiming for my first property/properties to be in a market that I can get the capital together to buy into quicker- ie 3+ hours out of NYC. I manage multi family Coop and Condo buildings in Westchester NY for the past 13 years , so I have seen that it’s doable in a perfect circumstance. I would likely consider Coop rentals once I have enough money from a refinance to buy it up. I’d like to think at least someone on BP has done this before ? I can’t seem to find anyone mention this but I haven’t searched too hard to be honest.

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