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.

Followed Discussions Followed Categories Followed People Followed Locations

Buying & Selling Real Estate

Market News & Data

Market Trends & Data

Buying & Selling Real Estate

Out of State Investing

Real Estate News & Current Events

Real Estate Technology

Investor Mindset

General Info

General Real Estate Investing

BiggerPockets Exclusive PRO Area

PRO

BPCON

New Member Introductions

Questions About BiggerPockets & Official Site Announcements

Off Topic

Starting Out

Real Estate Success Stories

Real Estate Horror Stories

Real Estate Strategies

House Hacking

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Commercial Real Estate Investing

Mobile Home Park Investing

Innovative Strategies

Multi-Family and Apartment Investing

Land & New Construction

Wholesaling

Rehabbing & House Flipping

Short-Term & Vacation Rental Discussions presented by

Tax Liens & Mortgage Notes

Medium-Term Rentals

Buying & Selling Small Businesses

Outdoor Hospitality

Landlording & Rental Properties

General Landlording & Rental Properties

Managing Your Property

Marketing Your Property

Tenant Screening

First-Time Home Buyer

Real Estate Professionals

Mortgage Brokers & Lenders

Contractors

Real Estate Agent

Financial, Tax, & Legal

Personal Finance

Creative Real Estate Financing

Private Lending & Conventional Mortgage Advice

Insurance

Tax, SDIRAs & Cost Segregation presented by

Foreclosures

1031 Exchanges presented by

Goals, Business Plans & Entities

Legal & Legislation

Real Estate Classifieds

Classifieds

Real Estate Events & Meetups

Reviews & Feedback

Ask About A Real Estate Company

Real Estate Deal Analysis & Advice

Guru, Book, & Course Reviews

Syndications & Passive Real Estate Investing

Updated almost 9 years ago on 02/29/2016. Most recent reply

179
Posts: 42
Votes

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?

0 Votes

3 Replies

Jump to Last Reply

Sort By:

Oldest

Loading replies...

Struggling to find reliable real estate advice?

Join over 3 million real estate investors to build connections, learn from others, and share your journey — all for free!

Your Profile Views

Curious to see who's interested in your profile? Unlock your views with Pro

Connect with others

7 day free trial. Cancel anytime.

PRO

Upgrade to Pro

Market Finder - key investor metrics for all US markets

Deal Finder - investor-focused filters and notifications for new properties

Calculators - Unlimited access to 9+ property analysis calculators

Find an Agent

Find & Match With an Investment Friendly Real Estate Agent

Enter your market to get started

Rent Estimator

Address or ZIP

loading related articles...