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How Well Run Should a Small Brooklyn Condo Be?

Started by nwaltich
over 12 years ago
Posts: 0
Member since: Oct 2013
Discussion about
I have an accepted offer on a condo in Brooklyn. My lawyer is doing diligence, but it turns out the board doesn't have any minutes, audited financials (they have tax returns and a budget) or a reserve fund. Some people I have spoken with are concerned and others blow it off. They say, how much can you really expect of a small condo building in Brooklyn? Assuming I can get comfortable with this for myself, I still worry about reselling it in the future. Any thoughts?
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