Toledo, OHIO

[Engelo Rumora]

Hi,

I hope your all well.

I would love to hear from investors that have local knowledge on the market in Toledo, OHIO

What are your thoughts of buying in these zip codes?

43560, 43623, 43612, 43613

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

Any feedback is much appreciated.

Thanks and have a great day :)

[Ryan Pyle]

I am assuming you are talking about single family homes. If so, here ya go:

43560: this is Sylvania. Mostly upscale with some exceptions. I would stay away from the area North of Alexis, east of US 23.

43623: good area. Most of it is not in Toledo Public Schools which is a good thing. There is some cheaper inventory here, but as such it is probably the most competitive zip code amongst investors. Finding a truly good deal is unlikely if you are not local. Be careful that what you are buying does not require flood insurance as there are lots of little creeks that run through this area. That is what tricks many investors into thinking they got a good deal.

43613: patchy. I would make sure it is in Washington Local School district, in which case defer to the advice given above for 43623. Toledo Public is OK in this zip if you are in the Elmhurst Elementary district.

43612: on it's way down. Used to be solid working class but got hit hard in the mortgage meltdown. As such it is becoming mostly a rental area. Once that happens in Toledo the values go waaaaayyyy down. See the 43608 zip code for an example.

Let me know what other info you need. Oh yeah...I live in 43623 and invest full time in Toledo, mostly in these zips and a few others.