All Forum Posts by: Jason Martindale

Thanks for the link brother, I appreciate it and appreciate your involvement and contributions to BP.  Without your assistance I would of thought that this area was a decent investment area.  Its funny how Trulia says this is a low crime rate area.  Maybe its where lots of criminals live and they do their crimes elsewhere lol.

Thanks Michael, I highly appreciate this info.  I was actually looking at a building there, which looked decent and its immediate surrounding area also looked decent from what I could see .  And when I looked up on Trulia, it showed a low crime rate area.  Are you able to share why this is a horrible street to avoid?  I'm just wondering what I was missing and what I could maybe do to be careful of a bad area that looks decent at first view (I guess coming on here is a good start).  Thanks again!

 Hi Stephen, thank you for your reply!  I am not familiar with Southwyck, just checked it out, looks like a nice area but seems like it might be hard to get the type of cap rates I am looking for there?  Regarding 43606, it seems like its a mixed bag over there and can find an opportunity if you pick your location properly.  I just don't want to be in a high crime rate area and want something that is solid.. not too worried about cosmetics.  I will also message you directly a bit later.  Thanks again!

Hi Greg, Thank you very much for your reply and sharing your knowledge, it is highly appreciated.  It seems like things have changed a lot since I bought my duplex there.  I do have investor friends that have bought double digit caps fairly recently, but mainly duplexes.  I am not too concerned about growth, more interested in cash flow... just hoping there would be no decline in what I pay.   Is there an efficient way to target areas?  So far I have been using Trulia and their crime rate tool.  Also, just so I understand, are you saying that I would need to buy something cash $250k in order to generate a net monthly cash flow of $1,000?  That would only be a 4.8% cap, which seems extremely low.  Or is that assuming there would be financing?   Thanks again, I really appreciate it my friend.

Hello, can you tell me when this deal of the day will done and how do we go about watching it?  I am brand new to here :-)

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