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All Forum Posts by: Jordan Wight

Jordan Wight has started 4 posts and replied 26 times.

Post: Cape Coral, FL Delta construction

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

I commented my experience so far on the other thread. Happy to connect, message me. Delta recently completed my concrete block walls in Cape Coral. Tie beam inspection waiting on passing.

Post: New build with delta build services in Cape Coral

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

As an update from my end, since my concrete block walls were knocked down in Hurricane Ian, today I finally found out that new block was delivered put back up and the Tie-Beam is being formed to be poured. Delta has not charged me extra for the new block. I am optimistic about things getting moving now.

Post: New build with delta build services in Cape Coral

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

For me, the permitting process with Delta went well. But after permitting, there have been many delays. Here's my overall timeline:

  1. July 2021 - Signed contract
  2. Aug 2021 - Delta submitted permits
  3. Oct 2021 - Permits approved
  4. March 2022 - Slab completed. Property expected to be completed 6 months later in September.
  5. May 2022 - Concrete block delivered. Expecting to go vertical the next week.
  6. Sep 2022 - Just starting to go vertical with the concrete block walls.

So basically from March-Sep, there was almost no progress made, when it was expected to have it completed within that 6 month timeframe.

Sep 28th - Hurricane hit. Walls were not far enough along to be stabilized, so the wind knocked them down.

Nov 21st - New block not delivered yet. Owner expects it any day now, and says things will go quickly, framing done in the next 2-3 weeks, and expects it to be completely done by March 2023.

Delta's pricing is very attractive. I've walked their properties in-person, and their build quality is good. I flew out and met their owner Ron, sales guy Eric, and some more of their office staff. I got along well with them.

Some reasons for delay are valid, and I've tried to be patient. Once my property is complete, I think I'll be in a great equity position. I've referred many people to Delta in the past. But unfortunately at the moment I cannot recommend them until I see some real progress on my property. 

Feel free to message me separately. In particular, you might be interested to @mention me or PM me in a few weeks to get an update on my build progress. If I see progress soon I'd be more inclined to recommend them.

Post: Hurricane Ian Impact on Future

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

@Danielle Dickens Snowbirds aren’t really tourists, are they? But I’m interested to know what draws snowbirds as well as tourists. 

Post: Hurricane Ian Impact on Future

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

@Stetson Miller - what draws tourists to Cape Coral, if not surrounding things like Sanibel or Fort Meyers?

Post: Hurricane Ian slated to hit Cape Coral

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

What are of Cape Coral had more damage? Are the FEMA flood zones a good indicator of risk?

I have a property under construction just starting to go vertical on NW 2nd street. And a friend with a lot on NW 25th ln. I guess I don’t have much there to worry about right now, but would like to know how those areas fared.

As mentioned previously, it’s so kind of locals to offer help to long distance investors. If there is any relief needed please let us know.

Post: Rent To Retirement Review (6 months in)

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

I have a property in progress in Cape Coral, feel free to reach out to me to compare our experience.

I think we all agree the construction is taking longer than expected, due to things outside our control.

My permitting is complete and they are starting to go vertical.

I think it will still be a good investment once complete.

Post: Rent to Retirement?

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

Looks like this post is old, but it came up in my feed so I thought I'd comment. I have purchased two properties from R2R in the last year, and both have turned out great, in terms of equity and cash flow. Feel free to reach out to me if you want to discuss any details.

Post: Turn key or local investing

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

I’ve purchased two turnkeys through R2R in Florida and I’m happy with how it’s going. Turnkey are easier because there are no bidding wars. And they are in good markets with cash flow and appreciation. Feel free to reach out if you want more information. 

Post: Anyone invest with RTR in Ocala, FL?

Jordan WightPosted
  • Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

Erica, did you end up buying in Ocala? I bought through R2R and happy to compare experiences if you’re interested.