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Updated almost 4 years ago on . Most recent reply

Ellie T.'s profile image
Ellie T.'s profile image
Ellie T.
  • Investor
  • from Boston, Massachusetts
  • Member since Mar 17, 2016
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73
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Ellie T.'s profile image
Ellie T.'s profile image
Ellie T.
  • Investor
  • from Boston, Massachusetts
  • Member since Mar 17, 2016
Connect
Ellie T.
  • Investor
  • Boston, MA
18
Votes |
73
Posts
Private Lending & Conventional Mortgage Advice

Mortgage for buyer of sinkhole SFH

Ellie T.
  • Investor
  • Boston, MA
Posted

I own a sinkhole SFH in Florida. I bought it as a cash flow property and have been very happy with it as an investor.

At this point I would like to sell it, and my realtor is saying that it’s marketable only to investors since owners/occupiers will not be able to get a conventional mortgage (and the insurance will be prohibitive).

Is that true?

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