Cash Flow Friday Tip #31: How to uncover hidden dangers during your due diligence that could cost you massive profit losses. episode artwork

EPISODE · Aug 28, 2015 · 9 MIN

Cash Flow Friday Tip #31: How to uncover hidden dangers during your due diligence that could cost you massive profit losses.

from Real Estate Investing for Cash Flow with Kevin Bupp

This week I'm going to tell you about a Mobile Home Park that we're currently in contract on and the important details we uncovered during our due diligence by speaking with a few of the key city employees and why it's important that you never skip this step. As we do with every property we plan on purchasing, we scheduled a phone or in-person meeting with the key representatives in the town or city where this property is located and these people include: code enforcement, admin to the mayor, zoning, and the chief of police. It's amazing the things that you can uncover when you approach these individuals as a prospective new buyer for a property that's within their jurisdiction, especially if the property is one that they perceive as an eye sore to the community or a waste of valuable community resources. Well, let's get straight to the point, I'm going to tell you the two things we uncovered on a property we are in contract with that will have a drastic impact on our future plans. Recommended Resources: Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2 Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

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Cash Flow Friday Tip #31: How to uncover hidden dangers during your due diligence that could cost you massive profit losses.

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