Wholesale Co-Op in NYC
Seller and I agreed to good price for Co-op in Flatbush Brooklyn. The property is in good shape and comps show it’s a great deal but I’ve never wholesaled a Co-Op before. The seller said his HoA is careful about who they sell too so I will likely be screened or something of that nature. Through the use of comps it has a high profit margin. But I’m not sure how attractive Co-Ops are these days. Are wholesaling Co-Ops any different from normal deals and is there anything I should be weary of?