Ep #56: The Dangers of Purchasing a Park That is Illegally Zoned and How to Avoid It
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Kevin Bupp
4.9 • 1.1K Ratings
🗓️ 28 March 2017
⏱️ 10 minutes
🧾️ Download transcript
Summary
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 11 from our popular eBook, "The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them."
This is a very easy step that is sometimes overlooked by investors entering into this industry. You need to check to see if the park you intend to buy is legally allowed to be there. This may seem like a weird thing to be worried about, but the truth is that there are parks out there that don't have permits or are permitted for fewer spaces than they currently operate with.
Essentially, there are three types of parks: Legal, grandfathered, and illegal. You need to know what each means and who to ask about this prior to ever considering this type of investment. In addition, you also need to know how to find out how many spaces the park is allowed to have and you need to know if there are any outstanding violations. This is not a difficult step, but it is one that is essential to confident investing.
- Click Here to Grab a free copy of our latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them
- Want to Learn How to Invest in The Lucrative Niche of Mobile Home Parks? Check out our Free Training that Will Teach You The Systems and Processes We Use To Find The Most Profitable Deals. Click Here to Learn More
- Have An Interest In Partnering with a Team with a Proven Track Record in the Mobile Home Park Space? Click HERE to Learn More About Our Partnership Opportunities.
Transcript
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| 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 weekly podcast. I'm your host Kevin Bop |
| 0:44.4 | and just in case you're tuning in for the very first time I want to let you know |
| 0:47.9 | that today's episode is a little different from our normal weekly show but |
| 0:51.8 | don't you worry I'm still 100% positive that you'll find a |
| 0:55.5 | ton of value if mobile home park investing is what you came here to learn about you see |
| 1:00.6 | many many many many many many months ago actually a little bit more than a year and a half ago, to be exact, |
| 1:06.6 | Charles and I, we created 21 special release episodes showcasing the 21 biggest mistakes that we see new investors make when entering |
| 1:14.9 | into the mobile home park business and our original intent was to release one |
| 1:18.8 | episode per week in addition to our normal weekly segment but But sadly, we got sidetracked, |
| 1:24.0 | and we only ever released the first seven shows. |
| 1:27.0 | In fact, you can actually go back and listen to these first seven mistakes |
| 1:30.0 | by going and listening to episodes number two four six eight |
| 1:34.4 | ten twelve and fourteen on our podcast and I would actually suggest that you do |
| 1:38.8 | that if you haven't done so already and so as a special treat we're actually going |
| 1:42.4 | to be posting two to three episodes each and every week until we get all 21 of them out. |
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