Success Investing in Toledo, Ohio

[Brad Fletcher]

Hi,

I would love to hear from investors that have local knowledge of the single-family home rental market in Toledo, Ohio AND out of state investors who are currently investing in areas of Ohio.

What are your thoughts on buying single family rental homes in the zip code 43607 and homes in close proximity to the University of Toledo?

What class category would you consider properties in those zip codes to fall under?

Any feedback or help is much appreciated.

Thank you and have a great day :)

[Matt R.]

Originally posted by @Brad Fletcher:

Thank you Andrew and Adam for such detailed information. I really appreciate it! 

I am excited about the opportunity in Toledo and it looks like there are pockets that are better than others - may be it would be worth a trip out there, I would like to avoid any high crime areas for sure. 

Overall, it appears to be a great area for investment and the vacancy rate is not too bad? My search revealed vacancy rate below 6%, not sure how accurate that is and hopefully that area will remain strong for rentals long term. 

 Idk much about Toledo and I am sure there are good opps there. Since you are in Denver have you ever checked Pueblo for sfr rentals? I think the vacancy rate is really low these days down there (2%?). Good luck! 

Toledo pop.

1980	354,635	−7.6%
1990	332,943	−6.1%
2000	313,619	−5.8%
2010	287,208	−8.4%
Est. 2016	278,508	[29]	−3.0%

Pueblo pop.

1980	101,686	4.0%
1990	98,640	−3.0%
2000	102,121	3.5%
2010	106,595	4.4%
Est. 2016	110,291	[7]	3.5%