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Condo Financials

Started by arden
about 13 years ago
Posts: 12
Member since: Mar 2011
Discussion about
What should "healthy" condo financials look like? 1. Is an "owners deficit" on the balance sheet normal? 2. How big should a healthy cash reserve be? 3. Is it normal for buldings to have "net losses" eg expenses exceeded income from common charges? 4. Is it normal for the building to take a loan for a major repair to be paid back over time from net income? 5. Does a 7.5% interest rate seem too high and possibly an indication of other problems?
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