Purchasing Another COOP

Every coop building has different rules and regulations. You should take a look at the house rules to see what your building will and not allow. In addition, sometimes a board might make an exception for someone, ask your board president before you go down the road to buy another apartment--just to be rejected at the board table.

In most cases, it should be fine as long as financials work. Just check with the board.

@bg23920_20000927 I'd just read the house rules and informally speak with a few members of the board to see if this would be a possibility.

it worked with me, but i had to push them since i was slightly under the income ratio because of the 1st co-op.. however, since my 1st coop was also paid off and i had cash reserves and wrote them a moisty letter, they turned a blind eye to my income ratio... in short, its board dependent on how lax they are