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Updated almost 3 years ago on . Most recent reply

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6
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3
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Phyo Sone
  • New to Real Estate
  • Dallas, TX
3
Votes |
6
Posts

Asking for thoughts on buying a SFH vs Duplex for 1st home

Phyo Sone
  • New to Real Estate
  • Dallas, TX
Posted

I have been looking in the market to buy a duplex as my first home purchase but it's has been hard to find a cash-flowing duplex (calculated based on what I will get after I have moved out) that's within my price range. Because of this, I am starting to consider buying a single-family home since my apartment lease is ending in about 3 months and the rents in my area will be as high as a mortgage payment on some homes. Should I pull the trigger on buying an SFH or rent for the moment and keep looking for a duplex? If I go to the SFH, what are my options? I know I can house hack with SFH but I don't like the idea of losing my privacy. Thanks in advance!

I am looking for duplexes in the following area: Dallas county, Collin county, Denton county

Most Popular Reply

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1,644
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923
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
923
Votes |
1,644
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
Replied

@Phyo Sone as you know, small MF are very limited in the greater DFW metroplex.

So it does depend on your finances, your risk tolerance for work on the units to get market rents and when you plan on moving out; therefore what rents are you looking at down the road ?

Competition in the SFH arena is just as tough.

As always, Best wishes

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