Toledo, OH market feedback

[Varinder Kumar]

Just wondering if anyone knows Toledo, OH well enough to know what areas of it are good areas. Also if you know in general what Toledos housing market looks like? Zillow says its a hot market. But is it a value appreciation market? Good for buy and hold? Any info would be great, Thanks!

[Andrew Fidler]

@Varinder Kumar - I guess you'd have to define a "Value Appreciation Market" and I can respond better. If you search Toledo you will find many posts about the zip codes that will meet different goals...personally I keep half my investments in 43608 (with a rant posted about how dangerous the zip code is to those who go shopping without knowing what they are buying)...43608 is the zero-appreciation investment from my stand point because $20k gets me $700 in rent for a 3/1 so I don't really care if I sell the house for $20k in 20 yrs or $5k, I moved $168,000 in gross rent. 

43612 and 43613 are the out-of-towner's meat and potatoes currently, pretty hot area and a lot of competition on the discounted properties that hit the market...assume you are putting $35k to get $750-$800/mo for a 3 bedroom house.

Those are just my stomping grounds, I support my entire family on those areas (like Buffet, I have my eggs in one basket and I watch that basket). 

@Engelo Rumora

@Engelo Rumora just posted an excellent summary of areas including shaded maps so I'd look into those. His group Ohio Cashflow is pretty darn successful in the turn-key sector, definitely reach out to him if you are investing in that direction.

I buy the properties discounted, rehab the things, and then rent them so I have a much more complicated investment process, all depends on how you roll!

There's about six other areas in Toledo you can specialize in (South, East, Rossford, Holland, Swanton/Delta, Perrysburg/Maumee) and each has their own return threshold...really none is a bad move so long as you stay the course and get the rent money where you invest!