|Re: To incorporate to not to incorporate...||<– Date –> <– Thread –>|
|From: Kay Wilson (kwilsonfiskcomcast.net)|
|Date: Sat, 15 May 2021 17:44:30 -0700 (PDT)|
When our community was being constructed, our realtor advised us to incorporate as a condominium under state law. He explained that most buyers will need to take out loans, that most banks are not familiar with cohousing, and that prospective buyers might have trouble finding a lender that was comfortable with making a loan for something known as "co-housing." We reluctantly took his advice, and were able to sell all our units. That was 2006 and this is now. Whether this is applicable to today's market I don't know, but last I heard we had a prospective buyers' waiting list of quite a few people. Kay Meadow Wood Condominium AKA Meadow Wood Cohousing Community https://www.cohousing.org/directory/meadow-wood-co housing-community/ -----Original Message----- From: Cohousing-L <cohousing-l-bounces+kwilsonfisk=comcast.net@cohou sing.org> On Behalf Of Jan Lane Sent: Friday, May 14, 2021 2:30 PM To: cohousing-L [at] cohousing.org Subject: [C-L]_ To incorporate to not to incorporate... Writing in from Albuquerque, N.M. We are in the development stage of a condominium cohousing project with 27 units. Cohousing ABQ aka Bosque Cohousing. The question is whether to incorporate the Condominium Association or to forrn an unincorporated LLC. We greatly appreciate and advise one might have concerning this question. Thank you. Jan __________________________________________________ _______________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://L.cohousing.org/info
To incorporate to not to incorporate... Jan Lane, May 14 2021
- Re: To incorporate to not to incorporate... Kay Wilson, May 15 2021
Results generated by Tiger Technologies Web hosting using MHonArc.