All Forum Posts by: Jeremy VanDelinder

I flip fire-damaged properties and own a fire damage restoration company. It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”). Unless you are rather experienced with this type of damage, it may be hard for your to tell the extent of damage. The place to start is by asking the seller what the insurance company decision is—if they will share that info, that might tell you some of what you need to know.

The challenge with fire damaged properties is that there is more than meets the eye. For example, often fire damage is water damage--they put the red stuff out with wet stuff. Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace. So even elements that don’t appear damaged can be contaminated. Also, ODOR is a huge issue. (as alluded to above) If the odor is not properly mitigated that will cause ongoing problems. We can talk through this in more detail, but paint will NOT cut it. 

I would recommend you find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done. There are many things that could be overlooked as part of the renovation on fire-damaged properties.

If there is any way I can help from a distance--look at pictures, answer specific questions, etc--let me know. Good luck.

We will meet at 6:00 (or whenever you are able to make it) at Hurricane Grill and Wings in Round Rock. This is a casual time of networking and helping each other move forward in our Real Estate investing.

I flip fire-damaged properties and own a fire damage restoration company. It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”). Unless you are rather experienced with this type of damage, it may be hard for your to tell the extent of damage. The place to start is by asking the seller what the insurance company decision is—if they will share that info, that might tell you some of what you need to know.

The challenge with fire damaged properties is that there is more than meets the eye. For example, often fire damage is water damage--they put the red stuff out with wet stuff. Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace. So even elements that don’t appear damaged can be contaminated. Also, ODOR is a huge issue. If the odor is not properly mitigated that will cause ongoing problems.

I would recommend you find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done. There are many things that could be overlooked as part of the renovation on fire-damaged properties.

Let me know if I can help in any way.

@Kyle Watson, yes! We meet on the second Tuesday of each month. Hope to see you next month.

@Reggie Powell awesome! My background is in Public Safety too—law enforcement, firefighting and EMS (mostly EMS). I’m also inviting you to a thread for First Responders.

@Reggie Powell to this thread!

We host one the second Tuesday evening of each month in Round Rock—we are back in person. Shoot me your email in a PM and I’ll get you the info.

@Scott Krone has some good advice above--let me jump off and add a few things to that.

I flip fire-damaged properties and own a fire damage restoration company. It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”). Unless you are rather experienced with this type of damage, it may be hard for your to tell the extent of damage. The place to start is by asking the seller what the insurance company decision is—if they will share that info, that might tell you some of what you need to know.

The challenge with fire damaged properties is that there is more than meets the eye. For example, often fire damage is water damage--they put the red stuff out with wet stuff. Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace. So even elements that don’t appear damaged can be contaminated. Also, ODOR is a huge issue. If the odor is not properly mitigated that will cause ongoing problems.

I would recommend you find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done. There are many things that could be overlooked as part of the renovation on fire-damaged properties.

You will need to disclose previous fire damage (at least in the states I'm familiar with). 

I'm happy to look at pictures/videos and answer any specific questions you have. Let me know if I can be of help.

We will meet at 6:00 (or whenever you are able to make it) at Hurricane Grill and Wings in Round Rock. This is a casual time of networking and helping each other move forward in our Real Estate investing.

@Greg M. He appears to be asking for ideas & advice--there's not legal question here. If you don't think this is appropriate, why are you on BP? Thanks kind of the point of the forums.