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The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Ep #18: The Mobile Home Park is in a Flood Plain...Now What? - Mistake #9 From Our Popular Ebook.

The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Kevin Bupp

Business, Investing

4.91.1K Ratings

🗓️ 4 August 2016

⏱️ 9 minutes

🧾️ Download transcript

Summary

Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 9 from our popular eBook, "The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them." When performing due diligence, it is important that you determine if the park lies within a floodplain. In fact, this should be one of the first steps you do.

In today's show Charles and I will discuss the following: How does a flood zone affect the deal? Can you even do this deal if it's in a flood zone? Can it be financed? What will your insurance agent say? Are there scenarios where a flood plain may be OK?

 We'll cover all of this and more in todays show. Enjoy! 

Recommended Resources

  • Click Here to Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the podcast that will teach you how to successfully invest in and build steady

0:09.8

streams of passive income from the highly lucrative niche of mobile home park investing.

0:15.0

Veteran real estate investors Kevin Bupp and Charles D. Hart from Mobile Home Park Academy

0:20.0

will personally share with you the valuable lessons they've learned along their journey as mobile home park investors

0:25.8

so that you too can learn how to build massive cash flow and huge profits from this extremely lucrative niche.

0:33.6

So without further ado, let's welcome your hosts for today's show,

0:37.8

Kevin Bupp and Charles D. Hart.

0:39.7

Welcome guys and gals to the Mobile Home Park Academy's

0:42.4

special series on the 21 biggest

0:44.9

mistakes new investors make when purchasing their first mobile home park and

0:48.7

how you can avoid them. I am your host Kevin Bupp along with my co-host and business partner Charles D. Hart.

0:54.7

Charles tell our listeners about the big mistake we're going to be covering today.

0:58.5

Thanks Kevin.

0:59.5

Big mistake number nine is buying a park in a floodplain. And this topic is very important because floodplains can be very expensive,

1:06.0

they can wreak havoc on your private utilities,

1:10.0

and they can be a danger to your tenants.

1:12.0

Okay, so we can't get like pontoons to

1:14.8

uh to to like hook on to our mobile homes that are in these parks that are that might be

1:18.3

in a floodplain. I'm pretty sure your tenants don't want to be driving to work in a boat.

1:24.0

Yeah right exactly so tell us about I mean just really quickly how do we even determine

1:28.4

if a park we're looking at might be in a floodplain or not?

1:32.3

Well typically you can talk to the county.

...

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