Kyle, Tx

[Oren H.]

Hi

I am thinking of buying a property in Kyle, Tx just south of Austin. I'm looking mainly at buy & hold, 3/2 SFH.

Was wondering if anyone is familiar with the market down at Kyle. Is it a growing growing community? Good place for investment? Good/bad neighborhoods? Easy to rent out properties? What vacancy rate should I consider?

Thanks!

Oren

[Jason Grote]

Thank you @Jon Klaus & @Lynn Currie , here are my thoughts:

I personally think Kyle is a great upcoming area for buy n hold.  As rookies, we bought 4 rental properties in Kyle back in 2008, but because the market was bad in 2010 and I did a terrible job managing them, we had sold them off by 2011.  I wish we would've held on...   

With the large influx of people coming to Austin, Kyle has been very appealing because of it's short commute to Austin.  It is certainly a growing city with no signs of slowing down.  As far as vacancy rate, I can't give you any solid numbers, but when we look for rentals for other people, they do not last long on the market.  The rental market in the greater Austin area is just insane right now.  Now, if the market cools off considerably, a city like Kyle will more than likely go flat, but I don't see it taking a hit anytime in the near future.  

Two high schools in Kyle, Hays & Lehman. Hays is the more desirable, and its "jurisdiction" is basically the West side of I-35.  The west side of I-35 has always had the more desirable neighborhoods and usually cost a little more.  

Hope that helps!