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Author: Woolybooger1 Big red star, 1000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 463389  
Subject: Re: Macro risk? Buying Distressed.... Date: 6/18/2013 11:18 AM
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Hey Guys and Gals,

To answer just a couple of the questions posed

PolymerMom, Yes Inspection is a must because it will be sold "as is". I've seen better and I've seen worse. Just more neglected than anything else. Someone did break in at some point in the past, but did no real damage.

Watty, Home owner's insurance is very reasonable. We are 19 feet above sea level and it would have to be a hurricane of epic proportions to have a storm surge move this many blocks inland. Not that it couldn't happen, but in the Carolinas, most of the storms are already starting to weaken by the time they make landfall. Not impossible, but hasn't happened since South Carolina has been part of recorded History.

Hohum, the water sewage and trash pickup are just as if we were living in the city limits. The city limits is a matter of blocks away and not miles. The nice thing about this property is that it has propane and a secondary well for watering the yard. That cuts down a lot on the sewage charges.

If anyone has any other insights as to how to scope out things before everyone else knows about it I would be obliged. I am assuming having a real estate Maven is about the best I will have in my corner.

Hope everyone is having a good first half of he week.

Wooly.................. planning the next adventure.....
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