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Updated over 6 years ago,
Sponsor Condo Apartments
Hello Everyone! Recently I was scanning through loopnet and I came upon this deal in New York which read" 19-Unit Sponsor owned Condo package Rockaway NY". Being a new investor, I have never heard of a Sponsor owned Condo package. Can anyone in the land of Bigger pockets tell me what does this mean and how different it from other real estate deals and how should I approach this deal. How do I protect my self, what to look out for. Any insights will be helpful. Thank you all, Gary.