Possessing owner-rental no-no for co-op boards?
Started by hol4
over 15 years ago
Posts: 710
Member since: Nov 2008
Discussion about
..just curious.. i meet all the income:debt ratios, lqiuid asset reqmrt, down pay reqmnt.. despite that and looking to pay cash no finance contingency.. the board scrutinized my rental out of everything else, despite having a tiny LTV ratio (even using conservative #'s) on it.. it almost feels like during their questioning, that they see me as an investor (i dont have a ton of rentals) who's looking to sublet this co-op (which is not allowed until X years).. i plan to live in this co-op 100% of the time and i get the vibe preferential treatment's given to folks without property rentals.. or it could be in my head
maybe it's just that your co-op package was as confusing as your streeteasy post