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Big Mortgage

of the building is to increase the capital reserve fund. If Billy Joe heard somewhere that the sponsor was doing

Assessment?

How urgent are the capital needs, what are they? It sounds like a big burden for the average coop

Assessments for us are a yearly event

Our 500 unit co-op is forty years old. We have capital improvements every year in accordance

another way to look at flip taxes

In a way, flip taxes are similar to capital gains taxes. You buy shares, you sell them. When

Correction on previous message

Perhaps they were trying to tell you that, in addition to building capital reserves for major

Reserve Accounts

that should be estimated for emergencies, you should have your capital fund. The cash reserve should

Refinancing in These Tough Economic Times: How Three Co-ops Did It, Part 1

with their money. Funds earmarked for capital repairs and maintenance were instead being applied to another ... and spending heavily to perform long-neglected capital repairs and maintenance — was desperately cash

How to Prepare a Bid Request and Nab the Best Contractor

New York City

with a capital project — feasibility study or engineering report, looking into whether to repair or replace — you ... Your board has done its homework, and there's nothing left to do except approve that capital

What's the Deal with Flip Taxes?

Tips on Buying a NYC Apartment, New York City

to draw capital funds by refinancing their underlying mortgage in a timely manner. The flip tax is another

Loan or Assessment? Your Condo Board Might Want to Consider "Split Funding"

New York City

and capital improvements. However, assessments have a couple of drawbacks. First, they usually take a fair

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

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