All Forum Posts by: David Toupin

@Joseph Gozlan  We have some close relationships, but since we have primarily been in the residential space for the past few years we are not yet known as the "go-to" buyers for brokers.  We will be in the next few years, we just have to work up to that point.  I'll check out your blog post. 

Thanks Joseph

@Mike Spica Were looking more into the suburb areas.  We don't do any investing in Detroit currently.  Thanks for reaching out though!

Hello,

My partner and I are in the market for mid size to large apartment buildings and we are hoping to meet up or chat with some local multi-family property managers.  Does anyone have any referrals or suggestions?

We are in the Oakland County/Wayne County area.

Thanks,

David

I will also look for PM in my areas of interest and build those relationships.  That is an interesting way to do it but definitely makes sense. Thanks @Kaz M.

Thanks @Ryan Cox and @Kaz M. for your responses.  Hopefully this will help.  We are transitioning from our full time residential fix and flip operation to apartment fix and flips/buy and holds.  We are going to need to build stronger connections with brokers. 

Hi Everyone,

My question is, what is the best way to go about finding distressed multifamily deals?  I am currently in contact with brokers and have also bought a list I am going to start mailing. 

Are there any creative ways you guys have found that have worked? I would like to also target pre-foreclosure, foreclosure, REO also. What is the best way to go about finding those types of deals?

I am looking to buy a mid to large size apartment building right now (10-100 units). We are really looking for distressed property or value add deals.  

Thanks!

David Toupin

I'm looking to purchase a multi-family property in Michigan right now.  My criteria is as follows:

-10-100 units (flexible)

-Value Add Opportunity (Example: 40% to 80% occupancy, in need of repairs, needs new management, etc.)

-Primarily looking in SE Michigan, will look elsewhere for the right deal

-Purchase Price Up to $2MM. Most likely financed or we can potentially assume loan.

-Primarily B Areas or nicer C areas

I am ready to purchase right away if the right deal is brought to the table!  We don't mess around, you can count on us to close.

Will be looking for a second property with the same criteria in another few months.  Our goal is 2-4 per year.  

Contact me here or email me at:

[email protected]

Thanks,

David Toupin

Thanks George, we look forward to seeing you!

This event is hosted by The Borland Group, Michigan's premier real estate investment firm!

Hey everyone this month we have a special guest Tim Harden with Berry Moorman PC. one of Detroit's leading law firms. For more than nine decades, the firm has represented some of Detroit’s best-known companies, organizations, families, and patrons. DETROIT – Like many of its clients, Berry Moorman is an iconic Detroit brand.

Mr. Harden is an expert in setting businesses up for legal protection as well as tax advice. He handles asset protection and taxes for our firm and will be spending 20 minuets at the start of the meetup sharing some advice for all of you!
You wont want to miss this information from a power house firm. Make sure you make it out ! We will then open it up to our normal group coaching session so come prepared with
questions!

Come with questions, or bring deals you want analyzed. We will coach you through what ever questions you have about real estate investing from residential to commercial. The goal will be to help you build your business or get started in the business. Though it is a group coaching session and we may not get to everyone, you will certainly learn by simply being there.

We sill start on time sharp! You will find I am very disciplined and you must be also if you want to build a successful business. Please get there early, if you stroll in late you may distract others.

This coaching session will be live streamed via Facebook by Jeremy Burgess with the Renegade Detroit Investors Club. Thanks, Jeremy!

*The session will occur in the large conference room directly across from our suite.