coop financial analysis

[krost]

What is the name of your state? ny

I am about to sign a contract on a coop and reviewing the financial statements.

It is carrying approximately a $100K deficit. There are 25 units in the building and the annual maintenance revenue is $150K.

Why would there be a deficit? Is a deficit of this size a concern (bad investment/high risk)?

Thanks in advance.

 

[You Are Guilty]

What is the name of your state? ny

I am about to sign a contract on a coop and reviewing the financial statements.

It is carrying approximately a $100K deficit. There are 25 units in the building and the annual maintenance revenue is $150K.

Why would there be a deficit? Is a deficit of this size a concern (bad investment/high risk)?

Thanks in advance.

le·gal adj.

1. Of, relating to, or concerned with law: legal papers.
2.
1. Authorized by or based on law: a legal right.
2. Established by law; statutory: the legal owner.
3. In conformity with or permitted by law: legal business operations.
4. Recognized or enforced by law rather than by equity.
5. In terms of or created by the law: a legal offense.
6. Applicable to or characteristic of attorneys or their profession.
n.
1. One that is in accord with certain rules or laws.
2. legals Investments that may be legally made by fiduciaries and certain institutions, such as savings banks and insurance companies. Also called legal list.

ad·vice n.

1. Opinion about what could or should be done about a situation or problem; counsel.
2. Information communicated; news. Often used in the plural: advices from an ambassador.


Have you figured out what the problem with your question is yet?

 

[HomeGuru]

What is the name of your state? ny

I am about to sign a contract on a coop and reviewing the financial statements.

It is carrying approximately a $100K deficit. There are 25 units in the building and the annual maintenance revenue is $150K.

Why would there be a deficit? Is a deficit of this size a concern (bad investment/high risk)?

Thanks in advance.

**A: I am sure that upon completion of a thorough review of the income/expense statement, budget and review study, you wiil conclude t hat this is not a wise investment.

 

[You Are Guilty]

**A: I am sure that upon completion of a thorough review of the income/expense statement, buget and review study, you wiil conclude t hat this is not a wise investment.

Oooh, since we're on the subject, I have some questions too. What's your thinking on telco stocks in the next quarter? Too risky? Also, what do you predict will happen to the REITs if the current bubble bursts? Will they bear the full brunt of a market collapse? Would it be wiser to continue to invest in properties directly while the market is still "hot"?

 

[HomeGuru]

Oooh, since we're on the subject, I have some questions too. What's your thinking on telco stocks in the next quarter? Too risky? Also, what do you predict will happen to the REITs if the current bubble bursts? Will they bear the full brunt of a market collapse? Would it be wiser to continue to invest in properties directly while the market is still "hot"?

**A: ah, so many questions, so little time...................

 

[You Are Guilty]

**A: ah, so many questions, so little time...................

Wait, so you're not really E.F. Hutton?

 

[HomeGuru]

Wait, so you're not really E.F. Hutton?

**A: no, but when I talk, people listen.