Insurance on uninhabitable homes

[Leon Doucette]

Hey BP,

As mentioned in first property coming up post I am looking to BRRRR my first property. Don't want to jump the gun but I have struck and deal with home owner for vendor take back mortgage. My lawyer should have purchase agreement done by beginning of week. As a recent experience has taught me its not a done deal until it's signed. We are looking for a two week close. In which time I get my contractors in to check structure. Home is a total rehab job. If deal goes through I have a year to turn into income property before refinancing and paying out principal. I am in the process of finding an insurance company to insure a completely uninhabitable home that is being rehabbed. I live in Halifax Nova Scotia and if any of my fellow investors doing the BRRRR method have an insurance company they work with to insure at the beginning of their project I could use the contact. Thanks