Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It is condos, but some people buy them and rent them out as well.
That does not effect how a multifamily advertises; either a building is rental, co-op or condo, what individual shareholders or owners of units do is not a given for entire place.
You cannot advertise a building as "rental", then tell people who enquire that building is co-op or condo and they must purchase. That violates all sorts of federal and local deceptive advertising statues.
I'm going to offer this to everyone as a point of information. I was contacted about 10 days ago for my documents etc. My deadline is 4/1 but I've already decided not to pursue it. Don't ask me what my log # is because I'm in a special class and it won't matter for you. I'm just telling you this so that you know they are finally starting to process the applications. I would strongly suggest looking through the marketing booklet to make sure you qualify. One of the reasons I decided not to proceed is that I realized that the way the calculate the income would put me out of the running and I didn't want to go through the grueling process when I already know the outcome. Also the location is a bit shaky and those units are on the small side.
So good luck to everyone else. If nothing else I'm sure this message gives you hope.
Peace!
I'm going to offer this to everyone as a point of information. I was contacted about 10 days ago for my documents etc. My deadline is 4/1 but I've already decided not to pursue it. Don't ask me what my log # is because I'm in a special class and it won't matter for you. I'm just telling you this so that you know they are finally starting to process the applications. I would strongly suggest looking through the marketing booklet to make sure you qualify. One of the reasons I decided not to proceed is that I realized that the way the calculate the income would put me out of the running and I didn't want to go through the grueling process when I already know the outcome. Also the location is a bit shaky and those units are on the small side.
So good luck to everyone else. If nothing else I'm sure this message gives you hope.
Peace!
Did you submit your documents or you withdraw your application?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
