Quote:
Originally Posted by Scooter
Great advice!!!
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I second that.
1). Some condos are a co-operative association.
Re-invested, managed, and owned and run by intelligent self-vested owners.
2). Some are overseas conglomerates.
Their main objective is to milk everything everything out of the property.
The changes in taxation, local city politics and local economic situation, past sales turnover, association meeting minutes and politics, plus history of the building is an essential first step into determining the viability of a major investment.
There could be major special assessments due in your future.
caveate