Do Condos Sell Well in DFW?

[Kat Hussey]

My realtor recommended using a condo as a first investment, but I don't know anyone who lives in a condo. I was wondering if anyone knows about resell-ability of condos in DFW? I plan to BRRRR it, so I wouldn't be selling it for a while at least. Any insight would be helpful! Thank you!

[Heather Johnson]

I agree with Rob. I've looked at condos, and the high HOAs always end up messing up the math on them for a BRRRR, or even just a rental. I used to own one in Vegas, and the tricky thing is that the HOAs can go up on you. Also, my experience in the Las Vegas market is that there can be construction defects that can lead to conflicts between the HOA and the builders, depending on the age of the property. That can mess you up on reselling it. Nobody wants to buy into a lawsuit! That might not apply to your situation, but thought I'd share from my experience.