In this informative episode of Passive Wealth Principles, Jake Harris engages in a detailed conversation with DJ McClure, a flood expert from National Flood Experts. DJ delves into the intricacies of flood zones, how properties can be removed from them, and the impact on flood insurance costs. The episode also touches on the advantages of digital note-taking and its relevance in today's fast-paced world.
1. Demystifying Flood Zones:
- DJ McClure explains the process of determining flood zones and the role of FEMA flood maps.
2. Success Stories in Flood Zone Removal:
- Examples of successful projects where properties were removed from flood zones and the subsequent impact on property values.
3. Flood Insurance and Due Diligence:
- The importance of including flood insurance in property due diligence and the potential savings for property owners.
4. Digital Note-Taking vs. Physical Journals:
- Jake and DJ discuss the benefits of digital note-taking platforms like Remarkable over traditional physical journals.
5. Security and Accessibility of Digital Notes:
- Emphasizing the security features and easy accessibility of digital note-taking methods.
6. Invitation to Connect:
- DJ McClure encourages listeners to connect with him on LinkedIn and visit the National Flood Experts website for more information.
- Understanding FEMA flood maps and their update frequency.
- National Flood Experts' role in assisting property owners to remove their properties from flood zones.
- The process of analyzing topography and elevation certificates to challenge flood zone designations.
- The significant value addition and insurance cost savings from removing a property from a flood zone.
- To learn more about flood zones and insurance, visit the National Flood Experts website.
- For more insightful episodes and resources, visit Passive Wealth's website.
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- Follow Jake Harris on Instagram @jake.realestate for more real estate tips.
Tune in to this episode of Passive Wealth Principles where Jake Harris and DJ McClure explore the complexities of flood zones, the potential savings from removing properties from these zones, and the emerging trend of digital note-taking. This discussion provides valuable insights for property owners and professionals in the real estate sector.