C27 (1973) hole above keel
I just joined because I'm looking at purchasing a sailboat and have a question about one I just looked at. The boat is in not so good condition but there's one major concern that I have with it. Both the cockpit and the bilge (under the cover at the bottom of the cabin) are full of water and while I was aboard looking around, water started coming out from a hole above the keel on the starboard side. The hole is about 3/8" in diameter and looks like it may have been perfectly round at one point, almost as tho it belongs there.
My question/concern is whether or not the hole is supposed to be there and if so, what it's for.
Due to it's condition and the fact that there's no trailer with it, my plan would be to make an extremely low offer and use my powerboat to tow it to a location where I can clean it up / work on it but I'm concerned that due to this hole, she may not float. If I was trailering her, I wouldn't be so concerned, but I don't want to start hauling her away only to have her sink behind me.
Any advice / suggestions are greatly appreciated. This would be my first sailboat and I'm quite familiar with boat rehab just never on a sailboat. She appears to be fully rigged with one sail that has two tears that I could see. My intended use would be as a "shore house" until she's in a condition to sail and while I learn how to sail her.