Purchase price: $37,000 Cash invested: $150,000 My first rehab/BRRR deal, 2 Unit, End of Group, went over budget by 20%, and after 2 appraisals, refinanced and recouped most of the cash invested.

With the last flip I invested in, the "easy-to-find" market comps dropped about $10k from $130k to $120k within the time I was flipping (an anomaly) - not a ton of money but very significant for a flip when we were already over budget and I was definitely planning on $130k or better.

Even though it's 'as is', you will want to know what the major problems are so you can figure them into your budget.

For things to get back to normal: - everyone in the world (not just the US) will need to see their earning capacity completely restored - consumer balance sheets will need built up again -all of the lost productivity in the manufacturing sector will need to be restored-consumers sentiment will need to return to all time highs-governments (federal, state and local) will need to come to terms with trillions of new debt and massive budget short falls. this will be a big issue for states and localities that are already flirting with default (see Illinois)-pension funds will need replenished-corporations will need to deal with serious damage to balance sheets and return to net spending on R&D and capital outlays (the energy sector might be the biggest issue here). corporate debt was already at or near all time highs for several sectors prior to the crisis- Both national and local economies will need to see a return of animal spirits to the pre-crisis highs from both local business owner and in the tech industry.

To my husband working on peoples cars and trucks that were friends of his and not getting paid for it to not getting paid at all for any thing any more.

The house was in our budget if we ended up living there for a long time (which we did).

General miscellaneous expenses (that added up fast).Under/Over budget: Over by $5000 + future cost of crawl space repair (est. $5000) Lessons learned?

I have budgeted fees into the CF numbers just to get a hang of things and get a feel for the tenant and see if its something I would want to take over myself after I get some experience.

RENO budget per constructor $50K after walking through and inspecting the property.

I requested to redeem the funds I had invested over at "Fundrise" back in January 2020 (before the pandemic) for a Capital Expenditure budgeted for March....