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Episode 95

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Published on:

19th Jan 2024

DJ McClure | Uncovering Flood Zone Insights

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.

Episode Highlights:

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.

Key Takeaways:

  • 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.

Stay Connected:

  • 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.
  • Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - Passive Wealth Tribe Group.
  • Follow Jake Harris on Instagram @jake.realestate for more real estate tips.

Conclusion:

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.

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About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

Profile picture for Jake Harris

Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.