Coop Purchase in BX

[Charles Lundquist]

Investment Info:

Condo buy & hold investment.

Purchase price: $135,000
Cash invested: $35,000

1375 mortgage and HOA. living there currently

What made you interested in investing in this type of deal?

I was renting in the BX - it was cheap enough to own

How did you find this deal and how did you negotiate it?

Zillow - I was new and didn't really try to negotiate down. Got 5k off 140 sticker tag

How did you finance this deal?

loandepot

Lessons learned? Challenges?

Work harder to get under market properties. Look into a coop building's financials before purchasing.