Investing in Condominium and Cooperative Apartments

A 3.75 hour class approved by the NY Deptartment of State for real estate continuing education credits.

Course Info & Registration

Available Class Dates and Times:

click here for continuing education schedule for this course

Cooperative Financial Statement: $50

Course approved for 3.75 hours of continuing education.

Click Here for complete continuing education schedule

About The Course

This 3.75-hour class will show you how to interpret the Cooperative Financial Statement

Course Topics

Among the many topics, this class will include:
Differences between the two ownership forms
Conversions (Buying Opportunities)
Investing in Condominiums
Purchase Analysis
Financing of Condos
Tax Advantages

Investing in Cooperatives
Purchase Analysis
Either limited in rentability or prohibited altogether
Exception: Sponsor Apartments
Financing difficulties (i.e. Coops are Personal Property)
Price advantages (coops usually cheaper than comparable condos)

Special Topics

More on Sponsor Apts (Best coop buying opportunity)
Flip Taxes (applicable to both coops and condos)
Right of First Refusal (required paperwork)
Working with the Investor

Current State of the Market

About The Instructor

David Kennedy is a well known real estate authority. His book, The Condominium and Cooperative Apartment Buyers and Sellers Guide (John Wiley) is considered by many as the best book of its type on the topic. Mr. Kennedy is also a Licensed Real Estate Broker, Certified State Real Estate Instructor and a successful real estate investor.

Locations

Manhattan Branch

132 West 36th, 2nd Floor
New York, NY 10018
*Use entrance at 139 West 35th St. on nights and weekends (Between 7th and Broadway, North Side of Macy's) Phone: (212) 967-7508
Directions