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Updated about 9 years ago on . Most recent reply

User Stats

65
Posts
19
Votes
Cheyenne Davis
  • Investor
  • Casselberry, FL
19
Votes |
65
Posts

Sinkhole property question

Cheyenne Davis
  • Investor
  • Casselberry, FL
Posted
We've got a triplex that we're considering purchasing in Florida. It's at a deep discount, but there is a sinkhole affecting the third unit. We have never dealt with a sinkhole property before, so hoping to get some guidance. Our exit strategy is to buy, renovate and resell. Here's my question... If the sinkhole is professionally "fixed" and no longer presents a threat, will our end buyer have a problem getting insurance on the property? Anything else I need to be aware of which could present a problem during the resale process?

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