Wylie for investment property

[Ankur Agarwal]

Hi all,

What do you folks think of Wylie for buying an investment property ? Wylie schools are rated pretty good and a decent 3 bedroom SFH can be had for low 200s giving a rental yield of about 0.8%.

I know lot of people here are looking at ft worth to buy properties in sub 200 - 200k range but between wylie and ft worth, I would think that Wylie is a better option from all angles.

Interested in knowing other experienced investors perspective 

[Bruce Lynn]

Well my first thought is they deal you can get in these cities is the best deal....Lots of competition from investors with cash and retail buyers willing to pay more sometimes than investors.  All else being equal or similar I'd choose Denton.  Multiple demand generators that will likely get stronger.  Train transportation, 3 universities/colleges...Peterbilt trucks, Winstar casino, etc.   Not to take away from Wylie....but Wylie is mostly a bedroom community.  No real demand driver other than good schools and still somewhat affordable housing.   Melissa, Celina, Prosper if you can find $200,000 houses will be at the low end of the pricing spectrum and that is likely a good thing....in very popular growth cities.