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All Forum Posts by: Martha Marty

Martha Marty has started 1 posts and replied 5 times.

@Kenneth Sok Thank you for that input, i have a few areas that am really familiar with and have done a lot of research on. Since this will be my first investment property, getting in the area am really familliar with might be the best way to go, which is great because the area i live in is constantly expanding and has great schools as well. Thanks again!

@Leigh Ann Smith thank you so much for this information, I will definately keep that in mind when i look at townhomes. I just downloaded the podcast and will be listening. Thank you

Thank you @Fred Heller and @Kenneth Sok I do agree with you on high HOA fees, I will do some more research but am now leaning towards single family homes. From your experience, which areas are better for SFH investments in Houston, i have been looking at different areas but would appreciate some recommendations so i can narrow down my search. Thank you.

Originally posted by @Leigh Ann Smith:

Have you started listening to the BiggerPockets podcasts, Martha?  A lot of the guests recommend against purchasing townhomes/condos due to the home owners associations.  They can raise the maintenance fees anytime the board votes to do so, which makes them somewhat risky. Some associations also have limitations on whether the units may be used as rentals or on what % of units in the complex can be used as rentals.

If you do decide to look into townhomes, find out what specifically is covered by the maintenance fee. If they say "insurance", you need to know what kind of insurance. Basic homeowners? Flood? Liability? If they say "roof", who decides when a new one is needed? Ask to see the HOA agreement so that you can read the fine print.

@Leigh Ann Smith thank you so much for this information, I will definately keep that in mind when i look at townhomes. I just downloaded the podcast and will be listening. Thank you

Hi All,

Am new to BP and so far I have gotten a lot of information already. My question to you all is what is the best option: Investing in a Townhome or SFH in Houston. I am very new to this industry and this will be my first investment property. I have done a lot of research on the best areas to buy a SFH and Spring, Cypress, Katy and Sugarland seem to be coming up over and over again as the best areas to get renters. On Townhomes, I have been looking at the Galleria area and Memorial, however the maintenance fees seem to be high which would eat into the profit. Could you all please let me know from your experience which is better, Townhome vs SFH and which areas or zipcodes are best right now to invest in. I appreciate all your advice. Thank you.