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excuse after another: They say: They don't want a flip tax because they want to control where the money
is is another way to garner money that can disappear - and flip taxes really should not be used to supplement
on a million-dollar apartment? That's $100,000, folks. Real money. Money they might have saved for a college
taxes may have to be adjusted according to market. Sometimes, a shareholder may be losing money
-op, and if the owner has a mortgage, you'll have no prob getting money from him. A mortgage agreement typically
their money."<< This misconception is one of the toughest parts of being a board member: the idea that owners
good money, the SH will be ordered to remedy the illegal sublet within a specified amount of time. You
of credit or some other access to money if the co-op needs it quickly. Of course, the co-op would
, the board has taken out 2 ten year mortgages and each time, they have transferred the money (a little less
racing. They try to determine if a certain bet at any given odds is worth the money you could lose. I

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