Advice on Toledo Ohio

[Mike Dami]

I’ve been researching into Toledo Ohio and from a distance the market is very intriguing. Low entry cost, low taxes, and fair rent prices from what I can tell. Only looking into multi family 2-4 units. I’m out of state and not directly familiar with the market. Does anyone invest there? Why or why not? I’m trying to get a better feel for the market for a buy and hold rental 

[Michael S.]

@Mike Dami we invest in Toledo and so far we've seen good results. I have the pleasure of owning: SFR, Duplex, 4 Plex, and two 6 units. Each category has it's nuances and potential pitfalls. Sure, we look at all the typical market metrics: employment growth, population growth, wages, unemployment, etc. In the end we selected Toledo because we have a good team on the ground and we expect the city to finish turning around with the investments and revitalization efforts. They still have a ways to go to reverse population growth trends. Oh yeah, and CASH FLOW! I could write a dissertation on what we've learned so far. We're out of state investors and will continue to build out our portfolio in Toledo for at least 20 more doors. Feel free to reach out or PM me for any additional info.