Considering a Co-op Purchase as a Stepping Stone to Real Estate Investment

[Antonio Chelala]

Hello investors,

I hope this message finds you well. I am writing to seek your input on a potential real estate investment opportunity. Currently, I am living in Westchester, NY and renting a property. As you may know, renting in New York can be quite expensive.

I have been diligently saving up money to purchase my first investment property and was considering the possibility of buying a co-op unit. Rather than using it as an investment property, I would live in the co-op while still living in NY, allowing me to save money on rent. Then, when I decide to leave NY, I could sell the co-op and use the money saved from not paying rent as a down payment on a new investment property.

I would love to hear your thoughts on this strategy and any suggestions or advice you may have on this matter.

Thank you in advance for your time and help!

Best Regards

Antonio Chelala