New Build in Cape Coral Florida

[Frank Harris]

Hello, I'm just getting into real estate investing and my first deal (well maybe) is gonna be in Cape Coral Florida with a new build. I took out a HELOC for 150k and I already bought a lot in Cape Coral for 55k. The house will cost 289k to build. Its a 4 bed plus den 2 bath house. I'm in the permitting process right now but me and my wife are a little scared now due to the impact hurricane IAN had on Southwest Florida. What effect do you think this hurricane will have for the housing market in Cape Coral? Do I still go with the deal or do I get out now and invest somewhere in the Midwest? Florida already had a housing insurance problem and now hurricane IAN has came along. What are your thoughts on what's gonna happen to housing insurance in Florida?