All Forum Posts by: Javier Ramirez

Hello everyone, 

Are we allowed to post wholesale deals on biggerpockets? If so, can someone explain how to do it? 

Thanks,

Javier

Hi everyone,

I am looking for a seasoned investor that would like to partner on a few deals that I recently found. I have a seller with 28 properties that does not want to deal with them anymore. He has a C class industrial building in a great location I believe with huge potential. I have cash and I am also looking for mentorship. If you know of someone that can help me or guide me in the direction that will be great.

How can the insurance adjusters possibly prove that it’s old damage? Who knows if the damage is old but you, Mother Nature, and god? Insurance adjusters are usually full of sh***. They’re trained well and equipped with many delay tactics. Insurance companies profit every single day that they hold on to your money from their investment income. If you have an HO3 policy, you should definitely hire a public adjuster. They will guarantee that you get the most amount of money, and that you end up getting a full roof replacement. However avoid paying fees from your claim money to both parties. Hire the public adjuster first, deposit the funds into your account, then hire the roofer to start the work. Don’t tell the roofer how much the public adjuster got you! Shop around! 

Insurance companies have 3 intentions, DELAY, DENY, DEFEND. You are doing the right thing but unfortunately your insurance company does not have your best interest. Don’t we wish it was that easy, submit proposals and get paid for it, right? Wrong. They are doing anything possible to pay very minimal or not pay at all. The adjusters are incentivized to do this. Also, most of the time there is a huge disconnect between the contractors and the insurance adjusters. Sometimes contractors write up proposals and all work is included in one lump some. How is this a problem? Coverage. Insurance companies won’t pay for those proposals because they specifically ONLY pay for line items that are covered under your policy. These line items have to be from the direct loss and part of the proper method of repair. Insurance companies require a detailed itemized estimate used by Xactimate or Simsol or any estimating program capable of creating such reports. Even after sending in an itemized estimate the way you’re suppose to, they still are looking for ways to delay the claim, so don’t be surprised when they want to send an adjuster for a reinspection once you submit an itemized estimate. For more information on proper claim handling, you should consider contacting a Public Insurance Adjuster, someone that represents your best interest when filing a claim. For more information visit www.peninsulapublicadjusters.com