Interested in Multi-family investing in Toledo- Need feedback

[Jason Martindale]

Hello everyone, 

I am brand new to this site and excited to make my first post.

I am determined to buy multi-family in Toledo for long term hold, that has good cash flow (double digit CAP) and some potential upside. I would be interested in minimum 4 units up to 20 units, as I also have a couple of partners in case it is out of reach to do on my own (more than 8 units). Ideally, I would like to find something that cash flows a minimum $1,000 per month NET.

I currently have 9 units in Canada and a Duplex in Toledo that I bought during the financial crisis (I really should have bought more). So I am just a small fish at the moment, but not a newbie.

I have not actively invested in many years now, as I was very busy travelling the world working on cruise ships, and then travelling more during my holidays.

I have been living in a bubble for many years at sea, so I figured it would be a great idea to join BiggerPockets in order to make new friends with likeminded people and hopefully fast track to doing a deal, as I don't want to take forever to learn about the current market and areas, find deals and basically reinvent the wheel.

Is there anyone willing to share some tips / advice / feedback on what areas to focus on, where to find deals or anything else that you might find beneficial?

Thank you very much in advance, I highly appreciate you!

Jason

[Michael P.]

I would advise you to avoid Brooke Park Drive where you will see many multi units for sale, but it’s a horrible street definitely avoid.