All Forum Posts by: Dominic AIton

Taking Bids on a property I have under contract in Bay City Michigan. Looking for a qualified, licensed GC with a big network and team. Big project has 16 units and will need a complete rehab electric, flooring, drywall, plumbing, most bathrooms and kitchens also please PM if you are interested! Looking to get bid ASAP close and get right on it!

0 Votes

Warren, Michigan

Property was valued at 450k ish. I won the auction with a 19k bid. Unfortunately the property was redeemed on the last day for redemption. So sadly that was out of my control felt like I was so close to having a solid deal! Thank you for everyone's insight and help!

1 Vote

Detroit, Michigan

Quote from @Jorge Abreu:

Quote from @Dominic AIton:

Seeing if anyone out there that is experienced in the multi family realm is interested in going in with me on a multifamily property in the Lansing area. I can bring value as a money partner and would really like to learn as much as I can in this space to elevate my knowledge by jumping in head first! I have be putting off taking a dive in a bigger investment for a while and need the push to get there! Can offer limited time because of other businesses I run but will put in as much time as I can early mornings late nights afternoon phone calls! willing to do whatever it takes to succeed!

Let me know if you have any questions about the process.

Sent you a PM

0 Votes

Detroit, Michigan

Quote from @Ryan McNamara:

I am also a new REI in the Lansing area looking for my first deal on multi family rentals. Happy to connect with anyone.

Ryan thanks for the message look forward to speaking with you sent you a PM!

0 Votes

Detroit, Michigan

Quote from @Joe Chapman:

Dominic,

My name is Joe & I live in Farmington Hills. I would love to hear about your investing goals. I too am interested in multi-family. I also grew up in howell and lived in east lansing. lmk if you are interested in possibly teaming up or at least maybe doing a local mastermind/accountability group. I have been looking to hook up with some local people to share information.

Hi Joe sorry for the late reply been on vacation for quite a while sent you a PM!

0 Votes

Detroit, Michigan

No tax liens it was a 2nd mortgage at the sheriff sale I am under the impression by my attorney that I bought the HOA lien so unfortunately I think I still will owe the balance! Will try that strategy thanks for your input!

0 Votes

Detroit, Michigan

Hi I purchased a property on sheriff sale back in January and the redemption period will be up in early July here! I have a property attorney and know now that I purchased an association lien and the mortgage will not be wiped upon me taking control of the property. I want to know if anyone has experienced negotiating these things and what I should expect to settle for in this market? I have 0 knowledge in this aspect and am welcome to any and all advice! Thinking of rehabbing renting, and refinancing to pull money out to pay the mortgage off and start getting some cash flow. On the other hand I could just sell pay off mortgage and 1031 to a multi unit. The expected rent is around 2500 with association dues will bring down to 2100 ish with a 287k mortgage owed puts the property at a pretty decent CAP rate or could sell and get about 100k profit ish and put in a 1031 after paying mortgage.

0 Votes

Detroit, Michigan

Quote from @Mike D'Arrigo:

@Dominic AIton Although I'm not looking to partner on anything, I might be able to share some insights and advice. We do a lot of small and medium apartment units in the Quad Cities (Davenport, IA). I'd be happy to connect and chat if you'd like.

Mike thank you, look forward to always furthering my education and knowledge in the multifamily space look forward to talking with you!

1 Vote

Detroit, Michigan

Quote from @Daniel Callton:

I sent a connection request.

Thanks Daniel sent you a PM back look forward to hearing back from you!

0 Votes

Detroit, Michigan

Awesome just sent you a request to connect! Look forward to talking with you and sharing our future experiences!

1 Vote

Detroit, Michigan

All Forum Posts by: Dominic AIton

Dominic AIton has started 5 posts and replied 14 times.

Post: General Contractor needed for a 16 unit building in Bay City

Post: Property Obtained on Sheriff Sale Negotiating Mortgage Owed

Post: First Time Apartment Complex Buyer

Post: First Time Apartment Complex Buyer

Post: First Time Apartment Complex Buyer

Post: Property Obtained on Sheriff Sale Negotiating Mortgage Owed

Post: Property Obtained on Sheriff Sale Negotiating Mortgage Owed

Post: First Time Apartment Complex Buyer

Post: First Time Apartment Complex Buyer

Post: First Time Apartment Complex Buyer