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Location: Read the Marketing Handbook, and Income a Guide.
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Quote:
Originally Posted by deltapi
Hi,
Thanks for this information!
I have no personal property right now. But In the future, I plan to buy a house. In the meantime, I got a low log# from Lindsey park Mitchel Lama to buy a one-bedroom condo. I heard there are benefits if you buy a house for the first time.
That's why I need to preserve first-time buyer benefits.
Any advise...
My strong suggestion is pursue Lindsey Park with optimism and energy. It seems like an excellent value for the money, and you will need very good luck to get another such opportunity anytime soon if ever. The buy-in and maintenance are very low. Perhaps, while you are living there you can bank much money for your next home purchase.
Keep in mind until you buy the co-op, you can change your mind and still be a first time home buyer.
My strong suggestion is pursue Lindsey Park with optimism and energy. It seems like an excellent value for the money, and you will need very good luck to get another such opportunity anytime soon if ever. The buy-in and maintenance are very low. Perhaps, while you are living there you can bank much money for your next home purchase.
Keep in mind until you buy the co-op, you can change your mind and still be a first time home buyer.
I was wondering the same. I've got a mid log # for Strycker's Bay 2 bdrm list but I haven't received any application in the mail as yet. If they don't come in the next week or so, I'm guessing we'll get something early in the new year after the holidays.
Nini, have you gotten anything in the mail yet? I haven't either and I'm starting to worry!
Nini, have you gotten anything in the mail yet? I haven't either and I'm starting to worry!
I did get the application in the mail last week. It says I have to send it back in with a $75 deposit by the end of this month. Check your mail for a letter from TRS, Tudor Realty Services. The USPS mail is normally slow and the holidays have probably slowed things down even more but if you got a log # on the ML website, I'm sure they will mail you the application so that you can hold your spot. Keep us posted!
Interesting. Does everyone get an application, like even if your log number is the last number? Then you send $75 and wait 10 years?
Pretty much! lol everyone who gets a log number does get an application and has the option of sending it back with the $75 application fee to be added to the wait list and wait an indeterminate amount of time. That's how it goes for the most part. Something you do and forget about it, and if you're lucky, you won't wait 10 years, but a 10 year wait is not unheard of, especially for the coops. I think the rentals move a bit quicker but it's still not quick enough for someone who needs to move right now or in the near future.
Location: Read the Marketing Handbook, and Income a Guide.
2,005 posts, read 1,626,371 times
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Quote:
Originally Posted by NutrientRich
Interesting. Does everyone get an application, like even if your log number is the last number? Then you send $75 and wait 10 years?
$75 is a low cost when you consider that value you will get if you get a unit. Wait times are hard to judge from place to place. Some lucky people for certain buildings have gotten units the same year as the lottery, others wait many years.
If nobody moves out or dies the list does not move at all. A building or development with thousands of units would tend to have a faster moving wait list than a building with just dozens of units. A building or development in very desirable location would tend to have a slow moving list compared to an out of the way location.
My sense is that 2022 saw a lot of movement in Mitchell Lamas perhaps do to stalls earlier in the C19 era.
I spoke to the manager there. She is very, very nice. She says this:
"I have a batch to go out today and Monday. Please look for them in the mail next week."
Crossing our fingers!
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