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35
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8
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Jason Guinard
  • Hackensack, NJ
8
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35
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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?