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Zen and the Art of Real Estate Investing with Jonathan Greene

A Masterclass in Flood Risk for Real Estate Investors with D.J. McClure

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Understanding flood risk is an often overlooked aspect of buying for real estate investors. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with D.J. McClure from National Flood Experts, the number-one resource for flood zone solutions nationwide. As the Vice President of Sales and Business Development, D.J. brings his extensive expertise to the conversation, explaining the strategic considerations investors should make regarding flood zones.

Jonathan and D.J. delve into the need for flood insurance for real estate investors, with D.J. providing his thoughts on shopping for premiums. They discuss how these flood zones are established and managed, the impact of climate change on flood zoning, and the investment opportunities that may present themselves when other potential buyers shy away from properties in flood zones. D.J. shares strategies cash investors employ to mitigate risks and warns of potential pitfalls. You’ll also hear how prevalent flood zones can be and how he leveraged his network at National Flood Experts to build a successful portfolio.

 

Some of the knowledge about flood zones you’ll hear includes:

  • If you pay attention to flood zones, you can find great deals just by doing your due diligence. Flood insurance is just one variable out of many to consider when buying a property, but if you know what to look for, you can swoop in for a great deal instead of just walking away.

  • While FEMA oversees flood zoning at the national level, local counties around the country create and maintain them.

  • There are no bad markets. Understand some of its history, no matter what type of property you’re planning to buy. Ask questions, and talk to neighbors or a real estate broker who is familiar with the area.

 

Due diligence is a big part of becoming a good real estate investor and understanding flood zones and insurance can give you another important tool to find a diamond deal in the rough.

If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/087.

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