This is great! Not many people bother to look at HOA and Condo finances when buying. I am reluctantly moving into one for the first time and wanted to go over their financials before signing. I had no idea what I was looking at before this video but you have really made it easy to understand it and to let me know that they are doing great financially. I have heard too many bad stories of owners having huge bills from mismanagement so this really eased my mind. Thanks again.
Also do not take peoples words for it - always look at them yourself. I had a few friends living in the condominium. I asked about the reserve fund and bunch of stuff ... yeah yeah its all good. >.> not good, lesson learned. Now i joined the board and i cannot get existing members to hand over financials to build a budget (i was voted on treasurer). No change of directors filed since early 2000s .. big mess.
This is a great presentation! I am in the research stage of converting a small property in NYC into a condo and this presentation was extremely helpful. Thank you.
Wonderful Ruth! How do you plan on selling it? Would you consider our Agent Assisted FSBO listing service, where you can save all 6% if you find a direct buyer?
I needed a car loan from a car dealership and I needed to bring in my tax statement last week and that got my stressed out asf till I came across some great comments about deelscafe💯💯
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