MHP #709: The Dangers of Purchasing a Park That is Illegally Zoned and How to Avoid It

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 21 February 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is from Mobile Home Park #56 that originally aired on March 28, 2017.

Charles and I 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.

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

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Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

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 MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	Hey guys, Kevin Bup here. Just wanted to make a quick announcement about our Wednesday Mobile Home Park show that you're about to listen to.
0:06.4	These Wednesday episodes are in collaboration with my other podcast, the Mobile Home Park Investing Podcast, many of which were recorded a few years ago.
0:14.1	I've carefully hand-selected only material that I feel is still relevant today, but there's a chance you might find references that could be outdated
0:20.9	at present, such as website URLs. Thanks for tuning in, and now on to the show.
0:30.4	Welcome to the podcast that will teach you how to successfully invest in and build steady streams
0:36.0	of passive income from the highly lucrative niche of mobile home park investing
0:40.6	Veteran real estate investors Kevin Bup and Charles D. Hart from Mobile Home Park Academy will personally share with you the valuable lessons they've learned along their journey as mobile home park investors
0:51.5	so that you too can learn how to build massive cash flow and huge
0:56.3	profits from this extremely lucrative niche. So without further ado, let's welcome your
1:02.0	host for today's show, Kevin Bup and Charles D. Hart. Welcome guys and gals to the Mobile Home
1:06.9	Park Academy's weekly podcast. I'm your host Kevin Kevin Bob, and just in case you're tuning in
1:11.5	for the very first time, I want to let you know that today's episode is a little different from our
1:16.2	normal weekly show. But don't you worry, I'm still 100% positive that you'll find a ton of value
1:22.1	if mobile home park investing is what you came here to learn about. You see, many, many, many, many, many, many,
1:28.6	months ago, actually a little bit more than a year and a half ago, to be exact, Charles and I,
1:32.9	we created 21 special release episodes showcasing the 21 biggest mistakes that we see new
1:39.4	investors make when entering into the mobile home park business, and our original intent was
1:43.8	to release one
1:44.6	episode per week in addition to our normal weekly segment. But sadly, we got sidetracked and we
1:50.6	only ever released the first seven shows. In fact, you can actually go back and listen to these
1:55.3	first seven mistakes by going and listening to episodes number two, four, six, 8, 10, 12, and 14 on our podcast.
2:03.0	And I would actually suggest that you do that if you haven't done so already.
	...

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