i forgot shitty ness of coop interview
now i'm on the other side and the person is paying all in cash so we have to do the due diligence on finances. i don't trust that her income is real-1/4 owner of a music venue and seems to be divorcing or at least splitting from husband.
if i say, yes move in and she can't pay her maintenance, i'm screwed. if i say no, my current neighbor is screwed. but who's to say she can't pay her maintenance. if she really has a salary of what she says, she's fine, but there isn't enough proof that it's real and she has enough savings for a year or two, well frugally 3 or 4 and really frugally 5 or 6.
don't buy coops or condos. they suck. (for different reasons, and you as an individual get screwed in different ways)
if i say, yes move in and she can't pay her maintenance, i'm screwed. if i say no, my current neighbor is screwed. but who's to say she can't pay her maintenance. if she really has a salary of what she says, she's fine, but there isn't enough proof that it's real and she has enough savings for a year or two, well frugally 3 or 4 and really frugally 5 or 6.
don't buy coops or condos. they suck. (for different reasons, and you as an individual get screwed in different ways)