Lots of foreclosures. The 300-400K condo market in Dallas is way overbuilt. I think we're just starting to see the problems in this price range. We've not really been condo people. Too much land available for homes. It probably just depends on how fast you think gas will hit $10/gal or what the curve to that price looks like. If you think we have cheap gas for a while then it will likely be tough to get good price appreciation. If gas goes up again, look for people to move from the burbs in.
Prudential Texas Properties
I also believe these used to be apartments too that were converted into townhomes.
As for it being an investment nightmare, I would say that would depend on rent amount/tenant etc. The HOA is still about 250-350 a month.
I am in Dallas, Call me at: 214-991-9507 so we can meet and go over these strategies and it'd be my pleasure to show you some properties on paper (or in person) which fit your criteria -- this week!
It depends if lender would approve based on ratio of owners vs. rentals same issues with any multi family dwelling. Many of these properties were reconstructed last year with leasing made available last summer.
Correct regards to foreclosures.
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