Renovating a Co-op in NYC
Hi Bigger Pockets Fam!
My family "owns" a co-op in Brooklyn, NY. We have been looking into potential RE strategies on maximizing the profits of the property through strategic renovations to the property. I have estimated the renovation costs to be around 300k.
I wanted to hear about people's experience with getting approvals through co-op boards and what suggestions you may have that would be beneficial to note. What would be the best ways to approach a co-op with renovation plans? Also, if anyone has experience obtaining a HELOC on a co-op and what was the process like.
Thank you in advance for your input!