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All Forum Posts by: Jeremy VanDelinder

Jeremy VanDelinder has started 28 posts and replied 415 times.

Post: Buying a fire damaged property

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

Yes!! I’ve started purchasing a “builders risk” policy with Nationwide—has worked perfectly for the last couple of properties.

Post: Legality of approaching homeowner

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

I'm a long time First Responder and real estate investor. Some comments above are good wisdom--be very careful about getting "cross-ways" with department policy. I will send you a private message and we can chat more about it. 

Post: tenants reports neighbor harassment

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

I’m a little confused as to which neighbor is which, but it seems to me that if there is verified criminal activity (I.e. stalking is verified in a police report) that it’s the offending party that needs to go, not the one who is being harassed.

Post: Forging into Commercial RE Development

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

@Travis Wilkes Thanks so much! I’ll send you an invite.

Post: Forging into Commercial RE Development

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

@Danny Webber Thanks! I'm excited. Let's connect for lunch sometime and catch up.

Post: Forging into Commercial RE Development

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

@Bryan Hancock Thanks! I live in Round Rock--the project is in Liberty Hill. I'll send you and invite and maybe we can connect for lunch. 

Post: Forging into Commercial RE Development

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

I've been flipping and doing buy-and-holds for over 10 years now. My particular niche is flipping fire-damaged properties and I also own a restoration company. Recently I bought a property with the intent to BRRR with the long term vision of developing it commercially (it's commercial zoning). However, as we got into the rehab we found some atrocious--even dangerous--framing. We decided it was not worth salvaging, so we tore it down.

All that to say--my long-term plan became a near-term plan and now I'M SUDDENLY A COMMERCIAL DEVELOPER! (In particular this will be a small mixed-use development.) I must say I'm pretty excited. I will tackle this and learn the same way I learned residential investing--ask lots of questions, make plenty of mistakes and move forward. 

I'm looking for experienced commercial developers to give me their advice, cautions and lessons you've learned from the "school of hard knocks." In particular, advice to you have on partnerships/syndication, presentations to the bank, working with the architect, the city and anything else you can think of. 

THANKS IN ADVANCE!

Post: Owner Won’t Sale Abandoned Home

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

Like @Braden C. I flipped a house this year that I worked on getting for over two years. Slow and steady wins the race--keep following up. If there were an easy "silver bullet" everyone would be doing this.

Post: Fired GC having Subs call me for $

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

I had the same thing happen several years ago on my first flip--I'm sorry you are dealing with that. (This GC's name doesn't happen to be "Al" does it?). My strategy was to work with the subs to put pressure on the GC, although--in the end--I still had to eat some costs. Negotiate the best you can with the subs and get it to the finish line. Good luck!

Post: How to find fire damaged houses?

Jeremy VanDelinder
Posted
  • Real Estate Coach
  • Round Rock, TX
  • Posts 429
  • Votes 234

OOps--just realized that you had google alerts on the list already.