Save the low rate: Keep your current loan and focus on building savings for the next down payment through budgeting or a side hustle.2.

After a rehab budget of $20k, We resold for $355k which was the highest recorded sale in the community EVER!

It could be that the decision makers were not aware of the ceiling on your budget.

The property took $350k to renovate, on what was originally a $210k budget, but we transformed it in to a gorgeous 4,500 sqft, 7 bedroom, 5 bath, luxury Airbnb.

What happens if you go over your rehab budget and run out of cash?

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.

The key is finding the right area/market and having a solid rehab plan that doesn't go too far over budget.

That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!

You might get lucky and get matched right away but chances are, there isn't a fire happening right were you are at, and with the right home / school / budget, etc. 

I was in flips and existing inventory in Columbus Ohio for 10 years and after old houses went over budget I started to modify my strategy to represent more of a market mover and new construction does this. it's been 2 years and haven't looked back.