Co-op property quesiton

**smakovsky** · 01-25-2011, 07:37 PM

Hello Real Estate Agents!

I am thinking to buy a co-op property. My question is this - the property I am looking at is pretty old. I know that co-op is a shared property, not really a "real estate". If I buy this and it will be up for demolition in a couple of years - will I loose all the money I invested in it?

Thank you in advance,
Slava

**jamestruze** · 06-14-2011, 10:34 AM

When you are faced with foreigners, their money invested in the U.S., you often encounter the six basic questions. Each of them need some research, to be specific to the country's investment came from you need to be able to compare how things usually work in the real estate between the U.S. and how they work in their own country.

**Sabir** · 06-15-2011, 03:43 AM

Better is to have complete RND about the project then make decision accordingly.

**E.Schmidty** · 06-15-2011, 07:58 AM

If you think that the building, no matter how much time, effort, or money you put into the project, will be up for demolition in a couple of years no matter what you do, then I say do not invest. What is the point in putting in all that work if it will only make you money for a good few years? Good luck!