Post Hurricane Real Estate Buys

[Dana Walker]

Have you ever purchased a unit just after a hurricane with water damage? Have the repair costs on water damage been small enough to justify the purchase with profit once the local market recovers? We just bought a unit, as I have faith in Florida, being a resident here, and I believe the market will always recover in Florida; I may be biased! Any thoughts? I am not sure we quite understood the scope of the necessary repairs, and I am not sure that my seed capital will cover the necessary costs before resale.