Updated over 7 years ago on . Most recent reply
Pros & Cons of De-Converting Condominium Into Apartments
Hello Everyone,
I am about to close on a 1 bedroom condominium and I got a letter from the seller saying that a company wants to De-Convert the building (consisting of multiple condos) into an apartment. From my understanding, this is a pro for me. I would like to understand this in depth. What are the options here for me? Is there something I should know in order to be successful in this situation and/or make the right move here? Is there an option for me to become a property manager for the unit?
Looking forward to a great discussion!
Thank You,
Joshi
Most Popular Reply
Random question
What if one of the owners doesn't want to sell? Or is it a majority rules kinda thing