Updated about 9 years ago on . Most recent reply
First Condo Investment - what do you think.
I know most people here don't like investing in condos. However, I'm in Dallas, and the market is pretty solid right now. I'm not looking to cash flow as much as I am looking for long term gains. Since this is my first condo, I want something pretty hands-off. This assessment includes all the HOA, P&I, Insurance, Property Management, etc.
This is a 2/2 condo and way under current Dallas market. It should rent for $1000-$1300 (mo). I have figured $1100 in this assessment. Thoughts?
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@Jason Haynes Is this one on the mls or is it off market? Seems strange to buy something with zero repairs and instant equity of 52k especially in our hot market.