You should be able to know if the condo is warrantable at the time of purchase, otherwise you would not be able to get a loan on the condo. They can make good investments but they definetly carry risks. Not only do many downtown Dallas condos have high HOA dues but you also run the risk of a special assessment. That being said they can make great rentals and the market right now is booming downtown. It may be hard time finding a lender to get the condos approved, let me know if you run into problems. Good luck!

I wouldn't buy a condo for an investment. You could have a hard time selling or renting it if it's unwarrantable. Also, SFR's are much better because you don't have an HOA telling you what you can and cannot do.

Hi Chai, I believe you had a similar post with a couple responses regarding the topic. But to pitch in my experience living in DFW (not investing), you need to be careful about the HOA enforcements for the community. These can also change at any time and as an investor you really can't do anything about it. If that's the path you want to take, understand the community and HOA board well.

Updated about 10 years ago on 02/29/2016. Most recent reply

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Chai JonnPoster

Rental Property Investor
Nashville, TN

Buying & Selling Real Estate

Condos or SFH?

Chai JonnPoster

Rental Property Investor
Nashville, TN

Posted February 28, 2016 16:11

Which one better in Dallas and surrounding areas? Condos or SFH? Condos have less maintenance, but high fees. SFH more control but more rent but also more maintenance. What are your thoughts?

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