By investing smaller amounts across multiple deals, we can diversify investments, reduce risk, and still participate in a range of opportunities, whether it’s rental properties, commercial deals, or other cash-flowing assets.

The ultimate goal would be to find a deal where I finance with one or multiple investors and create a basis for a future business in this industry.

I focus on spreading smaller amounts of capital across multiple deals to diversify risk while still participating in larger opportunities.

it's called "fire dwelling" coverage in insurance parlance.

For those who’ve borrowed multiple times, what’s one thing you wish lenders or brokers did better during the process?

No need for multiple offer fights, no overbidding, good interest rates, end of the apartment building cycle.LET's GO.

I'd definitely get multiple quotes from agents that can shop & have good payout history.The coverages & deductibles will dictate your payment with each company.

Juliah, good question, tools can make a big difference, but only if they actually make your workflow simpler instead of adding noise.Here’s what’s been working well for us across multiple markets:1.

For your first flip, you must fully understand and budget for this potential issue.Red Flags ChecklistFor the General Contractor (GC):Delayed Quotes: Significant or repeated delays in providing you with bids and quotes.Poor Communication: Lack of responsiveness or reliable communication.Unreliable References: References that are difficult to contact, overly vague, or seem fabricated.Contractor & Project ManagementPre-Vetted GCs: Have a small list of multiple General Contractors ready to go before you need them.Active Oversight: Commit to visiting the property frequently—at least once a day, if necessary—to monitor progress and preempt issues.Financial & Deal FocusThe Deal-Killer: Be aware that the biggest hurdle in acquiring a property is often the seller's unrealistic price expectation.Conservative Estimation: You must be very conservative with your repair and renovation estimates.Don't Solely Rely on Others: Do not rely only on your contractor's estimates.Collaborate and Verify: Collect as much information as possible from your entire team to form your own final, conservative budget.Realtor Expertise: Your realtor should be a key part of your team, and they must be knowledgeable about the house-flipping business and local construction costs, (hands-on experience).Next StepsThe comment you made at the end of your original note is important and likely requires its own, separate discussion thread to give it the attention it deserves!

There have been multiple close calls, bids that were slightly outbid, offers considered but just a touch too low.