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Updated over 10 years ago on . Most recent reply

Brandon Sturgill's profile image
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Brandon Sturgill
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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Brandon Sturgill's profile image
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Brandon Sturgill
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
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Rehabbing & House Flipping

Do You Consider a Builder's Risk Policy Entrance or Holding Cost?

Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Posted

Seems it has to be in place prior to closing, so I considered it an entrance cost...any opinions?

  • Brandon Sturgill
  • 614-379-2017
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Stan Butler
  • Investor
  • from Roswell, Georgia
  • Member since Mar 27, 2008
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Stan Butler
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  • from Roswell, Georgia
  • Member since Mar 27, 2008
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Stan Butler
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  • Roswell, GA
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Stan Butler
  • Investor
  • Roswell, GA
Replied

I have always considered insurance a holding (carrying) cost, since I have to pay it for the duration that I own the property.  I view it like a utility service that I must have in place while I own the home or when vacant.

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